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satt comments on The Argument from Crisis and Pessimism Bias - Less Wrong Discussion

13 Post author: Stefan_Schubert 11 November 2014 08:25PM

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Comment author: satt 14 November 2014 02:50:02AM 0 points [-]

Also progress is seldom pareto optimal - even thought the majority might gain, a small minority might lose. Due to loss aversion, they will be much more vocal than those who gain - which might stop progress in its tracks (cf. various Luddite protests against new technologies).

Interesting point, hadn't thought of that.

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