Chapter
The problem with short-term incentives
1:21:56 - 1:33:08 (11:12)
The race to the bottom spiral created by short-term incentives in a competitive system, where everyone tries to get ahead by sacrificing integrity or something else, ultimately leads to a worse situation for everyone involved. It's important to optimize for good values and social structures beyond technology to keep society healthy and safe.
Clips
This podcast discusses the phenomenon of Moloch, the ancient practice of sacrificing something in order to gain power, and how it applies to modern-day challenges such as beauty filters and competition going wrong.
1:21:56 - 1:24:27 (02:31)
Summary
This podcast discusses the phenomenon of Moloch, the ancient practice of sacrificing something in order to gain power, and how it applies to modern-day challenges such as beauty filters and competition going wrong.
ChapterThe problem with short-term incentives
Episode#314 – Liv Boeree: Poker, Game Theory, AI, Simulation, Aliens & Existential Risk
PodcastLex Fridman Podcast
The Moloch of bad incentives describes the phenomenon in which short-term incentives drive individuals to sacrifice integrity or create a race to the bottom spiral, resulting in a worse-off situation than before.
1:24:27 - 1:29:11 (04:43)
Summary
The Moloch of bad incentives describes the phenomenon in which short-term incentives drive individuals to sacrifice integrity or create a race to the bottom spiral, resulting in a worse-off situation than before. This applies to various systems, including social media companies and even the design of football stadiums.
ChapterThe problem with short-term incentives
Episode#314 – Liv Boeree: Poker, Game Theory, AI, Simulation, Aliens & Existential Risk
PodcastLex Fridman Podcast
Before designing technology, we must first determine the values and social structures that will optimize for happy, healthy individuals and a robust, safe society.
1:29:11 - 1:33:08 (03:57)
Summary
Before designing technology, we must first determine the values and social structures that will optimize for happy, healthy individuals and a robust, safe society. While technology can solve problems, it is important to recognize the potential double-edged sword it presents.