berglund
Posts 5
Comments35
Habryka, feel free to answer my question on this short form, so that GoodEAGoneBad's heart doesn't have to suffer any further.
Hm, yeah I guess my intuition is the opposite. To me, one of the central parts of effective altruism is that it's impartial, meaning we shouldn't put some people's welfare over other's.
I think in this case it's particularly important to be impartial, because EA is a group of people that benefitted a lot from FTX, so it seems wrong for us to try to transfer the harms it is now causing onto other people.
Maybe I'm misunderstanding bank runs, but as I understand it, they happen because
- the institution that is holding other people's money doesn't have all that money in liquid form
- they are unable to give it back if everybody tries to deposit it at once
- when this happens, the institution runs out of money and many people, who didn't withdraw their cash in time, lose all their deposits
I think the reason Richard listed #2 as a preference is that there might still be hope that FTX doesn't run out of money in the first place and no one loses their deposits.
However, it might be FTX will run out of money either way. In that case, speeding up the bank run will lead some people to get more their money back, but only because they pick it up before other people do. In the end it's a zero-sum game, because FTX only has a limited amount of liquid currency. If my model is correct, then there is no net benefit in speeding up the bank run.
For Level 3: Machine Learning, this document might be useful. It provides a quick summary/recap of a lot of the math required for ML.
Agreed. My view here is pretty uninformed.