Book Review Inadequate Equilibria by Scott Alexander – “But most of all, it’s a book of theodicy. If the world was created by the Invisible Hand, who is good, how did it come to contain so much that is evil?”
Link Post For November by Ozy – Ozy Link Post (now with categories): Ozy elsewhere, Government, Social Justice, Effective Altruism, Misc.
Cash Transfers Are Not Necessarily Wealth Transfers by Ben Hoffman – “I’m going to try to communicate an underlying model that generates the appropriate kind of skepticism about interventions like cash transfers, in a way that’s intuitive and not narrowly technical. I’ll begin with a parable, and then talk about how it relates to real-world cases.”
Update Investigating Neglected Goals Biological Research by Open Philanthropy – “Our initial plan. Our hopes and expectations. Our process applied to biology. Results vs. hopes and expectations. Our new plan.”
Why Bitcoin Is So Volatile by Grey Enlightenment – “In order to sell Bitcoins in bulk, one must transfer them to exchange, but this incurs a major risk for the seller, namely that the exchange may be hacked and the bitcoins lost forever. Also there isn’t much liquidity on the exchanges, and in fact much less liquidity than meets the eye, which I will explain shortly.”