3 ms·
Is it better to live in a world where the future is unknown, and the best we can do is guess where value will be, or one where the future is known, and the pric
by TRcontrarian 5y ago
Is it better to live in a world where the future is unknown, and the best we can do is guess where value will be, or one where the future is known, and the prices of all investments are stable and already priced at their exact values? In which world is optimism and class mobility possible?
- beiller 5y agoExcellent point. And to drive a steak further into this idea - ironically gambling is the one where all the prices / chance / rewards are absolutely known up front and calculable. I guess that's what sets wall st. apart from gambling in a casino.
- deleted 5y ago[deleted]
- sixstringtheory 5y agoExcellent question that reminds me of two anecdotes: 1) In my CS ethics course, we had a writing prompt asking whether, assuming perfect capability, it would be better to replace sports referees with computers 2) I wrote a cheat program for a word game my dad liked playing. Super proud of my accomplishment, I showed it to him, and he was impressed for a minute before stating the game wasn’t fun that way (also have an earlier version of this memory involving a Sega Genesis Game Genie)