Not sure this was the right structure for this post? The point you’re trying to make (“If someone’s trading with you and you can’t think why it would be in their interest to do that, it’s probably not a good trade for you”?) is interesting, and it’s the kind of argument where examples are welcome, but in this case, there’s something with giving just examples and no explanation of them that doesn’t quite work, and allows us to misunderstand the point/not pinpoint exactly what’s being said?
Yes, thank you! I totally agree and was looking for others that did also. I think this post is confusing several different sorts of failures due to inadequate-information-leading-to-poor-trades. I think the most valuable point is that win-win trades (where you can see what both parties stand to gain) are inherently more trustworthy than win-lose trades which seem ‘too good to be true’ and you can’t identify what the other party gains. In such situations you need to be really confident you have a strong information advantage in order to believe you are actually getting an implausibly good deal which disadvantages the other party.
Not sure this was the right structure for this post? The point you’re trying to make (“If someone’s trading with you and you can’t think why it would be in their interest to do that, it’s probably not a good trade for you”?) is interesting, and it’s the kind of argument where examples are welcome, but in this case, there’s something with giving just examples and no explanation of them that doesn’t quite work, and allows us to misunderstand the point/not pinpoint exactly what’s being said?
Yes, thank you! I totally agree and was looking for others that did also. I think this post is confusing several different sorts of failures due to inadequate-information-leading-to-poor-trades. I think the most valuable point is that win-win trades (where you can see what both parties stand to gain) are inherently more trustworthy than win-lose trades which seem ‘too good to be true’ and you can’t identify what the other party gains. In such situations you need to be really confident you have a strong information advantage in order to believe you are actually getting an implausibly good deal which disadvantages the other party.
Also I say the same here: https://www.lesswrong.com/posts/vyAZyYh3qsqcJwwPn/conditional-on-getting-to-trade-your-trade-might-not-have?commentId=bA34GydjFBaXs9rZa