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James_Miller comments on Open thread, July 28 - August 3, 2014 - Less Wrong Discussion

5 Post author: polymathwannabe 28 July 2014 08:27PM

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Comment author: James_Miller 30 July 2014 08:59:29PM 9 points [-]

The elimination tournament better simulates evolution and capitalism. With a round robin you can have a successful strategy of taking resources from stupid people. But in nature and the marketplace stupid people won't consistently get resources and so a strategy of taking from them will not be a long-term effective one.

Comment author: tetronian2 30 July 2014 09:54:25PM 4 points [-]

Thank you, that is an excellent explanation and you have changed my mind; I will implement an elimination tournament as you described.