Chapter
The Role of Managers of Investment Funds in Neglecting the Future
1:05:08 - 1:11:31 (06:22)
Managers of investment funds should have logarithmic risk and be risk neutral with uncorrelated risk, while neglecting the future less, even if it doesn't impact humans much in the long-term. This involves transcending the narrow definition of descendants when it comes to investing for the future.
Clips
This podcast discusses why humans have a hard time caring about the long-term future, and how our preferences evolved in a way that neglects it.
1:05:08 - 1:07:17 (02:09)
Summary
This podcast discusses why humans have a hard time caring about the long-term future, and how our preferences evolved in a way that neglects it. It also explains how discount rates greatly influence interest rates in the economy.
ChapterThe Role of Managers of Investment Funds in Neglecting the Future
Episode#292 – Robin Hanson: Alien Civilizations, UFOs, and the Future of Humanity
PodcastLex Fridman Podcast
This episode explores the ideal preferences that evolution promotes and what investment fund managers should care about in terms of risk and discounting.
1:07:17 - 1:08:28 (01:10)
Summary
This episode explores the ideal preferences that evolution promotes and what investment fund managers should care about in terms of risk and discounting. The prediction is that individual personal choices in biology and investment funds should have logarithmic risk in shared risk, but be very risk-neutral with respect to uncorrelated risk.
ChapterThe Role of Managers of Investment Funds in Neglecting the Future
Episode#292 – Robin Hanson: Alien Civilizations, UFOs, and the Future of Humanity
PodcastLex Fridman Podcast
Our ancestral preferences for having children are not conducive to the modern environment, leading to a decline in fertility rates.
1:08:28 - 1:11:31 (03:02)
Summary
Our ancestral preferences for having children are not conducive to the modern environment, leading to a decline in fertility rates. While successful civilizations prioritize having more descendants, these preferences may not be reliable in promoting higher fertility rates.