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This AI Boom Will Also Bust
Imagine an innovation in pipes.
Robin Hanson
This is a blog on why we believe and do what we do, why we pretend otherwise, how we might do better, and what our descendants might do, if they don't all die. Click to read Overcoming Bias, by Robin Hanson, a Substack publication with tens of thousands of subscribers.
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Visit overcomingbias.com → RSS feedOn Hacker News May 2008 – Feb 2023
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What is ‘elite overproduction’?
Elite overproduction … describes the condition of a society which is producing too many potential elite-members relative to its ability to absorb them into the power structure.
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No Recent Automation Revolution
Unless you’ve been living under a rock, you know that for many years the media has been almost screaming that we entering a big automation revolution, with huge associated job losses, due to new AI tech, especially deep learning.
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Firm Inefficiency
Economists are often stereotyped as claiming that firms are very economically efficient, i.e., that they very effectively minimize costs and maximize profits.
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Elite Biases Make Policy Biases
A 2014 paper predicted U.S.
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Beware Centralization
Imagine merging three public firms, by making each firm into a division of a single new firm with one new boss.