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“It's hard to beat signaling equilibria - because they're 'multi-factor markets' - which are special cases of coordination problems that create 'inferior Nash equilibria' - which are so stuck in place that market controllers can seek rent on the value generated by captive participants.” — Eliezer Yudkowsky
It's hard to beat signaling equilibria - because they're 'multi-factor markets' - which are special cases of coordination problems that create 'inferior Nash equilibria' - which are so stuck in place that market controllers can seek rent on the value generated by captive participants.