_our_ SN edge -- you know, the one with clankers and like twelve real people

> if societies don't go for long shots and risky ventures in search of growth, there's little to no improvement, and the only way out is building zero-sum environments.

This part is correct. Risk aversion means you'd take a lesser expected return for a lower risk of total ruin. The problem is that risk aversion also means you would hold cash rather than wager it.

> yeah, you're one dude at the edge of internet irrelevancy

Only until I hit it big on prediction markets. Also, which edge?

Undisciplined

Also, I hedge my negative-sum sports bets with prediction markets all the time. Checkmate and you're welcome

yeah, you're one dude at the edge of internet irrelevancy (soz, no offense!)

Risk aversion increasing is inconsistent with an increase in gambling, no?

Individually, I see your point (but also, yolo-ing and hail mary gambles are a thing) -- if I'm less safe, more weary, why gamble mroe? -- but I think in aggregate it makes sense... if societies don't go for long shots and risky ventures in search of growth, there's little to no improvement, and the only way out is building zero-sum environments.

(I'll explain/explore in more detail when I've finished the book)

econ

Fungibility and Zero Sum: The Stupidest Thing You'll See Today

denlillaapan

> Also, I hedge my negative-sum sports bets with prediction markets all the time. Checkmate and you're welcome

yeah, you're one dude at the edge of internet irrelevancy (soz, no offense!)

> Risk aversion increasing is inconsistent with an increase in gambling, no?

Individually, I see your point (but also, yolo-ing and hail mary gambles are a thing) -- if I'm less safe, more weary, why gamble mroe? -- but I think in aggregate it makes sense... if societies don't go for long shots and risky ventures in search of growth, there's little to no improvement, and the only way out is building zero-sum environments. 

(I'll explain/explore in more detail when I've finished the book)