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This is interesting to me in the context of a post[1] yesterday about teaching logical thinking to children. One of the top comments was about how, yes, teach logical thinking but also teach other types too. SBF and those who think with a heavy bias towards EV show an extreme weakness towards reality. Of course SBF himself is a perfect example of this. I won’t pretend to know if his math was always right but one of his defenses on trial was essentially “just run the simulations a few more times and we’ll get all the money back” which clearly shows a lack of understanding of reality.

I’m glad to now know there’s a common example of that weakness.

[1]: https://news.ycombinator.com/item?id=41456472



Does he actually calculate expected values or does he just have a sort of winding way of justifying his gut takes?




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