Minimizing Motivated Beliefs by Entirely Useless – The tradeoffs between epistemic and instrumental rationality. Yudkowsky’s argument such tradeoffs either very stupid or don’t exist. Issues with Yudkowsky: Denial that belief is voluntary, thinking that trading away the truth requires being blind to consequences. Horror victims and transcendent meaning. Interesting things are usually false.
Politics and economics:
Intangible Investment Monopoly Profits by Marginal Revolution – “Intangible capital used to be below 30 percent of the S&P 500 in the 70s, now it is about 84 percent. ” Seven implications about profit, monopoly, spillover, etc.
The Problems With Implicit Bias Tests by Rational Speaking – “The IAT has been massively overhyped, and that in fact there’s little evidence that it’s measuring real-life bias. Jesse and Julia discuss how to interpret the IAT, why it became so popular, and why it’s still likely that implicit bias is real, even if the IAT isn’t capturing it.”
On Foundations by EconTalk – “The power and effectiveness of foundations–large collections of wealth typically created and funded by a wealthy donor. Is such a plutocratic institution consistent with democracy? Reich discusses the history of foundations in the United States and the costs and benefits of foundation expenditures in the present.”