I haven't given that a lot of thought. AI is likely to have the strongest effects further out. A year ago I was mainly betting on interest rates going up around 2030 via SOFR futures, because I expected interest rates to go down in 2025-6. But now I'm guessing there's little difference in which durations go up.
These ETFs seem better than leveraged ETFs, for reasons related to the excessive trading by leveraged ETFs.
I see multiple reasons why bonds are likely to be bad investments over the next few years:
Oysters are significantly more nutrient dense than beef, partly because we eat the whole oyster, but ignore the most nutritious parts of the cow. So $1 of oyster is roughly as beneficial as $1 of pasture-raised beef. Liver from grass-fed cows is likely better than bivalves, and has almost no effect on how many cows are killed.
most of the billions of people who know nothing about AI risks have a p(doom) of zero.
This seems pretty false. E.g. see this survey.
The strongest concern I have heard to this approach is the fact that as model algorithms improve, at some point it is possible to train and build human-level intelligence on anyone’s home laptop, which makes hardware monitoring and restricting trickier. While this is cause for concern, I don’t think this should distract us from pursuing a pause.
There are many ways to slow AI development, but I'm concerned that it's misleading to label any of them as pauses. I doubt that the best policies will be able to delay superhuman AI by more than a couple of years...
I want to emphasize that this just sets a lower bound on the importance.
E.g. there's a theory that fungal infections are the primary cause of cancer.
How much of chronic fatigue is due to undiagnosed fungal infections? Nobody knows. I know someone with chronic fatigue who can't tell whether it's due in part to a fungal infection. He's got elevated mycotoxins in his urine, but that might be due to past exposure to a moldy environment. He's trying antifungals, but so far the side effects have prevented him from taking more than a few doses of the two that he ...
Author of the manifesto and Animi here. I was also doubtful initially when I was researching alexithymia to improve my condition. But that was gradually changing the more papers I read and the more people I talked with. There are 50+ years of research on the topic, and some papers show more than 10% of the general population with alexithymia score in the "clinical" range where it is correlated with all the associated problems. 1 in 10 actually makes a lot of sense given how prevalent and comorbid it is with mental disorders or i.e. neurodiversity - ~50% of...
It's not obvious that unions or workers will care as much about safety as management. See this post for some historical evidence.
6 months sounds like a guess as to how long the leading companies might be willing to comply.
The timing of the letter could be a function of when they were able to get a few big names to sign.
I don't think they got enough big names to have much effect. I hope to see a better version of this letter before too long.
Something important seems missing from this approach.
I see many hints that much of this loneliness results from trade-offs made by modern Western culture, neglecting (or repressing) tightly-knit local community ties to achieve other valuable goals.
My sources for these hints are these books:
One point from WEIRDest People is summarized here:
...Neolocal residence occurs when a newly married couple establishes their home independent of both sets of relatives. While only about 5%
I doubt most claims about sodium causing health problems. High sodium consumption seems quite correlated with dietary choices that have other problems, which makes studying this hard.
See Robin Hanson's comments.
I expect most experts are scared of the political difficulties. Also, many people have been slow to update on the declining costs of solar. I think there's still significant aversion to big energy-intensive projects. Still, it does seem quite possible that experts are rejecting it for good reasons, and it's just hard to find descriptions of their analysis.
I agree very much with your guess that SBF's main mistake was pride.
I still have some unpleasant memories from the 1984 tech stock bubble, of being reluctant to admit that my successes during the bull market didn't mean that I knew how to handle all market conditions.
I still feel some urges to tell the market that it's wrong, and to correct the market by pushing up prices of fallen stocks to where I think they ought to be. Those urges lead to destructive delusions. If my successes had gotten the kind of publicity that SBF got, I expect that I would have made mistakes that left me broke.
I agree that there's a lot of hindsight bias here, but I don't think that tweet tells us much.
My question for Dony is: what questions could we have asked FTX that would have helped? I'm pretty sure I wouldn't have detected any problems by grilling FTX. Maybe I'd have gotten some suspicions by grilling people who'd previously worked with SBF, but I can't think of what would have prompted me to do that.
I agree about the difficulty of developing major new technologies in secret. But you seem to be mostly overstating the problems with accelerating science. E.g.:
These passages seem to imply that the rate of scientific progress is primarily limited by the number and intelligence level of those working on scientific research. Here it sounds like you're imagining that the AI would only speed up the job functions that get classified as "science", whereas people are suggesting the AI would speed up a wide variety of tasks including gathering evidence, building tools, etc.
My understanding of Henrich's model says that reducing cousin marriage is a necessary but hardly sufficient condition to replicate WEIRD affluence.
European culture likely had other features which enabled cooperation on larger-than-kin-network scales. Without those features, a society that stops cousin marriage could easily end up with only cooperation within smaller kin networks. We shouldn't be confident that we understand what the most important features are, much less that we can cause LMICs to have them.
Successful societies ought to be risk-averse abou...
Resilience seems to matter for human safety mainly via food supply risks. I'm not too concerned about that, because the world is producing a good deal more food than is needed to support our current population. See my more detailed analysis here.
It's harder to evaluate the effects on other species. I expect a significant chance that technological changes will make current biodiversity efforts irrelevant. So to the limited extent I'm worried about wild animals, I'm focused more on ensuring that technological change develops so as to keep as many options open as possible.
This seems to nudge people in a generally good direction.
But the emphasis on slack seems somewhat overdone.
My impression is that people who accomplish the most typically have had small to moderate amounts of slack. They made good use of their time by prioritizing their exploration of neglected questions well. That might create the impression of much slack, but I don't see slack as a good description of the cause.
One of my earliest memories of Eliezer is him writing something to the effect that he didn't have time to be a teenager (probably on the Extropian...
This seems mostly right, but it still doesn't seem like the main reason that we ought to talk about global health.
There are lots of investors visibly trying to do things that we ought to expect will make the stock market more efficient. There are still big differences between companies in returns on R&D or returns on capital expenditures. Those returns go mainly to people who can found a Moderna or Tesla, not to ordinary investors.
There are not (yet?) many philanthropists who try to make the altruistic market more efficient. But even if there were, the...
I have some relevant knowledge. I was involved in a relevant startup 20 years ago, but haven't paid much attention to this area recently.
My guess is that Drexlerian nanotech could probably be achieved in less than 10 years, but would need on the order of a billion dollars spent on an organization that's at least as competent as the Apollo program. As long as research is being done by a few labs that have just a couple of researchers, progress will likely continue to be slow to need much attention.
It's unclear what would trigger that kind of spending and th...
Acting without information on the relative effectiveness of the vaccine candidates was not a feasible strategy for mitigating the pandemic.
I'm pretty sure that with a sufficiently bad virus, it's safer to vaccinate before effectiveness is known. We ought to plan ahead for how to make such a decision.
Here are some of my reasons for disliking high inflation, which I think are similar to the reasons of most economists:
Inflation makes long-term agreements harder, since they become less useful unless indexed for inflation.
Inflation imposes costs on holding wealth in safe, liquid forms such as bank accounts, or dollar bills. That leads people to hold more wealth in inflation-proof forms such as real estate, and less in bank accounts, reducing their ability to handle emergencies.
Inflation creates a wide variety of transaction costs: stores need to change the...
I expect speed limits to hinder the adoption of robocars, without improving any robocar-related safety.
There's a simple way to make robocars err in the direction of excessive caution: hold the software company responsible for any crash it's involved in, unless it can prove someone else was unusually reckless. I expect some rule resembling that will be used.
Having speed limits on top of that will cause problems, due to robocars having to drive slower than humans drive in practice (annoying both the passengers and other drivers), when it's safe for them to ...
You're mostly right. But I have some important caveats.
The Fed acted for several decades as if it was subject to political pressure to reduce inflation. Economists mostly agree that the optimal inflation rate is around 2%. Yet from 2008 to about 2019 the Fed acted as if that were an upper bound, not a target.
But that doesn't mean that we always need more political pressure for inflation. In the 1960s and 1970s, there was a fair amount of political pressure to increase monetary stimulus by whatever it took to reduce unemployment. That worked well when infla...
Hanson reports estimates that under our current system, elites have about 16 times as much influence as the median person.
My guess is that under futarchy, the wealthy would have somewhere between 2 and 10 times as much influence on outcomes that are determined via trading.
You seem to disagree with at least one of those estimates. Can you clarify where you disagree?
The original approach was rather erratic about finding high value choices, and was weak at identifying the root causes of the biggest mistakes.
So participants would become more rational about flossing regularly, but rarely noticed that they weren't accomplishing much when they argued at length with people who were wrong on the internet. The latter often required asking embarrassing questions their motives, and sometimes realizing that they were less virtuous than assumed. People will, by default, tend to keep their attention away from questions like that.
T...
To the best of my knowledge, internal CEAs rarely if ever turn up negative.
Here's one example of an EA org analyzing the effectiveness of their work, and concluding the impact sucked:
CFAR in 2012 focused on teaching EAs to be fluent in Bayesian reasoning, and more generally to follow the advice from the Sequences. CFAR observed that this had little impact, and after much trial and error abandoned large parts of that curriculum.
This wasn't a quantitative cost-effectiveness analysis. It was more a subjective impression of "we're not getting good enough re...
Another two examples off the top of my head:
It seems strange to call populism anti-democratic.
My understanding is that populists usually want more direct voter control over policy. The populist positions on immigration and international trade seem like stereotypical examples of conflicts where populists side with the average voter more than do the technocrats who they oppose.
Please don't equate anti-democratic with bad. It seems mostly good to have democratic control over the goals of public policy, but let's aim for less democratic control over factual claims.
I doubt that that study was able to tell whether the dietary changes improved nutrition. They don't appear to have looked at many nutrients, or figured out which nutrients the subjects were most deficient in. Even if they had quantified all important nutrients in the diet, nutrients in seeds are less bioavailable than nutrients in animal products (and that varies depending on how the seeds are prepared).
There's lots of somewhat relevant research, but it's hard to tell which of it is important, and maybe hard for the poor to figure out whether they ought ...
One good prediction that he made was in his 1986 book Engines of Creation, that a global hypertext system would be available within a decade. Hardly anyone in 1986 imagined that.
But he has almost entirely stopped trying to predict when technologies will be developed. You should read him to imagine what technologies are possible.