5 ms·
That kind of assumes a change in behavior and that any number of other things wouldn't eventually trip things up.
by RandomLensman 3y ago
That kind of assumes a change in behavior and that any number of other things wouldn't eventually trip things up.
- meepmorp 3y agoExactly. Evading disaster doesn't make someone like this reconsider their decision making process and act smarter next time, it shows them that they're a goddamn genius who can do no wrong.
- SilasX 3y agoRight, and assumes he didn't abandon the Kelly Criterion for the mentality of "keep playing double-or-nothing even when you win": >>Bankman-Fried’s error was an extreme hubris that led him to bite bullets he never should have bitten. He famously told economist Tyler Cowen in a podcast interview that if faced with a game where “51 percent [of the time], you double the Earth out somewhere else; 49 percent, it all disappears,” he’d keep playing the game continually. https://www.vox.com/future-perfect/23500014/effective-altruism-sam-bankman-fried-ftx-crypto https://www.vox.com/future-perfect/23500014/effective-altrui...