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Lumifer comments on Open Thread, Jul. 6 - Jul. 12, 2015 - Less Wrong Discussion

5 Post author: MrMind 06 July 2015 07:31AM

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Comment author: Lumifer 09 July 2015 02:32:09PM 3 points [-]

But they are.

Really, are they?

If you model the entire approach as an evolutionary algorithm (crowd sourcing algorithms and killing off the losers) then one would imagine that it's just a matter of time before they dominate the finance industry.

You seem to forget that this is precisely how markets work and have been working for centuries.

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