i see a related thread in the book 'The WEIRDest People in the world' (https://hatran.substack.com/p/weirdest) which argues that a polygynous society is more dangerous & delinquent than a monogamous society. The main explanation is that when there are a few men having a lot of women, there is little chance for men with fewer resources to get married in the first place, hence they are more willing to take a high risk approach (usually delinquency strategy) even if that is negative sum (i.e. Jackpot approach).
The connection I'm trying to make here is that our current society has looked increasingly similar to a polygynous society - but from an economics point of view. When traditional pathways towards wealth are limited, people increasingly take high-risk negative-sum strategies. AI is only accelerating this trend where winner-take-alls become increasingly outsized.
Excellent article. It combines and adds to concepts I've seen across Nassim Taleb (anti fragile), Howard Lindzon (degeneracy), Tom Morgan (religion/spiritual coming back), Kyla Scanlon (Gen Z behavior), and many more.
Curious to hear your take regarding this article and your poker one? "When you're dealt pocket aces, bet the house," and this article essentially preaching sizing less to avoid material drawdowns? Is the "bet the house" an exaggeration %-wise?
i see a related thread in the book 'The WEIRDest People in the world' (https://hatran.substack.com/p/weirdest) which argues that a polygynous society is more dangerous & delinquent than a monogamous society. The main explanation is that when there are a few men having a lot of women, there is little chance for men with fewer resources to get married in the first place, hence they are more willing to take a high risk approach (usually delinquency strategy) even if that is negative sum (i.e. Jackpot approach).
The connection I'm trying to make here is that our current society has looked increasingly similar to a polygynous society - but from an economics point of view. When traditional pathways towards wealth are limited, people increasingly take high-risk negative-sum strategies. AI is only accelerating this trend where winner-take-alls become increasingly outsized.
An amazing read, articulating many disparate observations I’ve thought a lot about lately but failed to connect. Bravo.
incredibly well written
Great read, eye opening. Thank you.
Excellent article. It combines and adds to concepts I've seen across Nassim Taleb (anti fragile), Howard Lindzon (degeneracy), Tom Morgan (religion/spiritual coming back), Kyla Scanlon (Gen Z behavior), and many more.
Curious to hear your take regarding this article and your poker one? "When you're dealt pocket aces, bet the house," and this article essentially preaching sizing less to avoid material drawdowns? Is the "bet the house" an exaggeration %-wise?
bet the house for me is like risking 35% of book if I’m wrong
there are worse things to lose in life than money
Never come across the log, linear, exponential wealth before... but thanks for this article bro. Good one
Great post
Ughh wtf, all my friends are retards…