Been waiting to come back to the steeple of the sneer for a while. Its good to be back. I just really need to sneer, this ones been building for a long time.

Now I want to gush to you guys about something thats been really bothering me for a good long while now. WHY DO RATIONALISTS LOVE WAGERS SO FUCKING MUCH!?

I mean holy shit, theres a wager for everything now, I read a wager that said that we can just ignore moral anti-realism cos ‘muh decision theory’, that we must always hedge our bets on evidential decision theory, new pascals wagers, entirely new decision theories, the whole body of literature on moral uncertainty, Schwitzgebels 1% skepticism and so. much. more.

I’m beginning to think its the only type of argument that they can make, because it allows them to believe obviously problematic things on the basis that they ‘might’ be true. I don’t know how decision theory went from a useful heuristic in certain situations and economics to arguing that no matter how likely it is that utilitarianism is true you have to follow it cos math, acausal robot gods, fuckin infinite ethics, basically providing the most egregiously smug escape hatch to ignore entire swathes of philosophy etc.

It genuinely pisses me off, because they can drown their opponents in mathematical formalisms, 50 page long essays all amounting to impenetrable ‘wagers’ that they can always defend no matter how stupid it is because this thing ‘might’ be true; and they can go off create another rule (something along the lines of 'the antecedent promulgation ex ante expected pareto ex post cornucopian malthusian utility principle) that they need for the argument to go through, do some calculus declare it ‘plausible’ and then call it a day. Like I said, all of this is so intentionally opaque that nobody other than their small clique can understand what the fuck they are going on about, and even then there is little to no disagreement within said clique!

Anyway, this one has been coming for a while, but I hope to have struck up some common ground between me and some other people here

  • TinyTimmyTokyo@awful.systemsEnglish
    9·
    1 year ago

    In theory, a prediction market can work. The idea is that even though there are a lot of uninformed people making bets, their bad predictions tend to cancel each other out, while the subgroup of experts within that crowd will converge on a good prediction. The problem is that prediction markets only work when they’re ideal. As soon as the bettor pool becomes skewed by a biased subpopulation, they stop working. And that’s exactly what happens with the rationalist crowd. The main benefit rationalists obtain from prediction markets and wagers is an unfounded confidence that their ideaas have merit. Prediction markets also have a long history in libertarian circles, which probably also helps explain why rationalists are so keen on them.

    • David Gerard@awful.systemsMEnglish
      4·
      1 year ago

      and Robin Hanson promoted them hard from inside the subculture

      (someone told him what “futarchy” should rightfully mean, he was amused but that’s all)

    • Collectivist@awful.systemsEnglish
      4·
      11 months ago

      It’s also a way for the rich to subvert the democratic will of the people:

      Let’s say the people of Examplestan have a large underclass who live paycheck to paycheck and a small upperclass who gets their money from land ownership. The government is thinking of introducing a bill that would make their tax revenue come less from paychecks and more from taxing land value. Democracy advocates want to put it to a vote, but a group of futarchy lobbyists convince the government to run a conditional prediction market instead. The market question is “If we replace the paycheck tax with a land value tax, will welfare increase?”. The large underclass has almost no money to bet that it will, while the small upperclass bets a large chunk of their money that it won’t. Predictably, more money is betted on it not increasing welfare and when the market closes, everyone gets their money back and the government decides not to implement it.