3 ms·
The first two paragraphs of the article are a straw man. I think most of us were biting our tongues at that point. The thesis of the rest of the article contr
by mr_toad 8y ago
The first two paragraphs of the article are a straw man. I think most of us were biting our tongues at that point.
The thesis of the rest of the article contradicts the initial premise.
Your scenario of ramdomly digging holes are a perfect example of what the author is explaining: “Critically, convex payoffs benefit from uncertainty and disorder.“
- fujimotos 8y agoIMHO, the author tries to argue that we can get a better understanding by thinking in term of the structure of the payoff function, rather than focusing on the input itself. Yes, the try-and-error process and chance are important, but the convexity of the output function is exactly what makes them so rewarding.