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signal comments on The Market for Lemons: Quality Uncertainty on Less Wrong - Less Wrong Discussion

8 Post author: signal 18 November 2015 10:06PM

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Comment author: ChristianKl 18 November 2015 11:23:27PM 6 points [-]

Selfishness: A rational agent will not post information that reduces his utility by enabling others to compete better and, more importantly, by causing him any effort unless some gain (status, monetary, happiness,…) offsets the former effect. Example: Dating advice. Better example: Have you seen articles by Mark Zuckerberg or Elon Musk?

Do you honestly think that Musk who gives his competitors his patents for free holds something back in the way of writing articles because he fears people will compete with him?

Musk doesn't advice other people to copy him because he lives a life that includes 80 hours of work per week that he isn't really enjoying. It also doesn't leave him with time to write articles.

Comment author: signal 18 November 2015 11:42:17PM *  0 points [-]

I do agree. The point was originally "selfishness or effort" which would have avoided the misunderstanding. I think for Musk, the competitive aspect is definitely less important than the effort aspect (he is surely one of those persons for whom "the value of time approaches infinity"). However, I doubt that Musk would give away patents if he didn't see an advantage in doing that.

Comment author: ChristianKl 19 November 2015 07:29:29PM 0 points [-]

I doubt that Musk would give away patents if he didn't see an advantage in doing that.

He sees that it gives him an advantage with the goal of our society not burning fossil fuels. But it doesn't give Tesla an advantage at making profits.