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>> Seems like a prime startup opportunity. Sometimes it's just ... hard. Apply some thought maybe before blindly parroting "profit!" Reporter: "Why is it hard
by MichaelRo 3y ago
>> Seems like a prime startup opportunity.
Sometimes it's just ... hard. Apply some thought maybe before blindly parroting "profit!"
Reporter: "Why is it hard to cure cancer?". Crowd: "Would there be enough of a financial incentive to do so? Seems like a prime startup opportunity!"
Reporter: "Why is it hard to end World poverty?". Crowd: "Would there be enough of a financial incentive to do so? Seems like a prime startup opportunity!"
Reporter: "Why is it hard to build a warp engine?". Crowd: "Would there be enough of a financial incentive to do so? Seems like a prime startup opportunity!"
Reporter: "Why is it hard to wipe your ass using the left hand?". Crowd: "Would there be enough of a financial incentive to do so? Seems like a prime startup opportunity!"
You get the idea...
- aleph_minus_one 3y ago> Reporter: "Why is it hard to cure cancer?". Crowd: "Would there be enough of a financial incentive to do so? Seems like a prime startup opportunity!" What you want to optimize for is the money amount that you make at some quantile of the probablity distribution of the profits; say, the profits that are guaranteed in the best, say, 3 %, 5 %, 10 % or even 20 % of all possible outcomes. With a probablity of 97 % (if you choose the best 3 % of the outcomes), you won't make sufficient money if you attempt to cure cancer to be worth the risk, so the financial incentive is not there. TLDR: Financial incentives do matter, but work differently from how many people think that they are structured.
- wegfawefgawefg 3y agoA cure for cancer would be terribly profitable. For a while.