Based on my own experience and the experience of others I know, I think knowledge starts to become taut rather quickly—I’d say at an annual income level in the low hundred thousands.
I really appreciate this specific calling out of the audience for this post. It may be limiting, but it is also likely limiting to an audience with a strong overlap with LW readership.
Everything money can buy is “cheap”, because money is “cheap”.
I feel like there’s a catch-22 here, in that there are many problems that probably could be solved with money, but I don’t know how to solve them with money—at least not efficiently. As a very mundane example, I know I could reduce my chance of ankle injury during sports by spending more money on shoes. But I don’t know which shoes will actually be cost-efficient for this, and the last time I bought shoes I stopped using two different pairs after just a couple months.
Unfortunately I think that’s too broad of a topic to cover and I’m digressing.
Overall coming back to this I’m realizing that I don’t actually have any way to act on this piece. even though I am in the intended audience, and I have been making a specific effort in my life to treat money as cheap and plentiful, I am not seeing:
Advice on which subjects are likely to pay dividends, or why
Advice on how to recover larger amounts of time or effort by spending money more efficiently
Discussion of when those tradeoffs would be useful
This seems especially silly not to have given, for example, Zvi’s Covid posts, which are a pretty clear modern day example of the Louis XV smallpox problem.
I would be interested in seeing someone work through how it is that people on LW ended up trusting Zvi’s posts and how that knowledge was built. But I would expect that to turn into social group dynamics and analysis of scientific reasoning, and I’m not sure that I see where the idea of money’s abundancy would even come into it.
Overall coming back to this I’m realizing that I don’t actually have any way to act on this piece. even though I am in the intended audience, and I have been making a specific effort in my life to treat money as cheap and plentiful, I am not seeing:
Advice on which subjects are likely to pay dividends, or why
Advice on how to recover larger amounts of time or effort by spending money more efficiently
Discussion of when those tradeoffs would be useful
This seems especially silly not to have given, for example, Zvi’s Covid posts, which are a pretty clear modern day example of the Louis XV smallpox problem.
I really appreciate this specific calling out of the audience for this post. It may be limiting, but it is also likely limiting to an audience with a strong overlap with LW readership.
I feel like there’s a catch-22 here, in that there are many problems that probably could be solved with money, but I don’t know how to solve them with money—at least not efficiently. As a very mundane example, I know I could reduce my chance of ankle injury during sports by spending more money on shoes. But I don’t know which shoes will actually be cost-efficient for this, and the last time I bought shoes I stopped using two different pairs after just a couple months.
Unfortunately I think that’s too broad of a topic to cover and I’m digressing.
Overall coming back to this I’m realizing that I don’t actually have any way to act on this piece. even though I am in the intended audience, and I have been making a specific effort in my life to treat money as cheap and plentiful, I am not seeing:
Advice on which subjects are likely to pay dividends, or why
Advice on how to recover larger amounts of time or effort by spending money more efficiently
Discussion of when those tradeoffs would be useful
This seems especially silly not to have given, for example, Zvi’s Covid posts, which are a pretty clear modern day example of the Louis XV smallpox problem.
I would be interested in seeing someone work through how it is that people on LW ended up trusting Zvi’s posts and how that knowledge was built. But I would expect that to turn into social group dynamics and analysis of scientific reasoning, and I’m not sure that I see where the idea of money’s abundancy would even come into it.
Sounds like you want roughly the sequence Inadequate Equilibria.