I've learned that ironic self-referential humor has a surprisingly low chance of making it across the Internet gap.
<sarcasm>You don't say?</sarcasm>
I'm not really sure about Furcas's remark. There is a real correlation between having a "thick skin" and propensity to be mean to others, and far too many people seem to think that the former entitles them to the latter. This is why Crocker's Rules have been so widely misinterpreted.
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In practice, if you are only talking about the 70 most important steps that people are prone to messing up, that could easily be correct. Not to mention the probability of doing harm. Certainly there are a lot more than 10 steps that people are prone to messing up which reduce value by more than 80% in practice.
I suppose it depends what kinds of decisions you're talking about making. (eg keeping AIs from destroying humanity.) I was thinking along the lines of day-to-day decision making, in which people generally manage to survive for decades in spite of ridiculously flawed beliefs -- so it seems there are lots of situations where performance doesn't appear to degrade nearly so sharply.
At any rate, I guess I'm with ciphergoth, the more interesting question is why 99% accurate is "maybe maybe" okay, but 95% is "hell no". Where do those numbers come from?