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> So in contexts where one is actually trying to solve the _same problem_ as a group, placing very high weight on the honest information received from previous

> So in contexts where one is actually trying to solve the _same problem_ as a group, placing very high weight on the honest information received from previous experts can be critical. Another "loose attempt to make this argument rigorous" might be to invoke Grim Trigger [1] strategies from repeated PD games. A very large negative weight is placed on "dishonest" behavior across a communication channel (game). [1] https://en.wikipedia.org/wiki/Grim_trigger https://en.wikipedia.org/wiki/Grim_trigger

abeppu 5y ago
Of course, this is only available in certain scenarios. A Gen Z person at the beginning of their financial lives may want to _discount_ the advice of baby-boomers as having come from experience in a structurally different economy. But they have very little mechanism to _retaliate_ against the boomers who supported state university tuition increasing faster than inflation for decades.