This is a good post. The examples are clear and it deepened my intuition (though I’m judging from the reread, I don’t remember the delta from before my first reading). From the second-read, I think I might notice more instances in the wild of adverse selection, though I don’t think the first read had much impact on me.
The intended subsequent posts look really great and like they’d have interesting models I don’t yet have. I think I had the concept of adversarial selection before this, so wasn’t a conceptual breakthrough.
Then again, maybe the title should have been “availability is an update against goodness because of adverse selection”, which is depressing but perhaps true. I feel like I don’t know what to do with that though. I kind of already know the best restaurants are crowded and the most attractive people aren’t single? Maybe there’s some gain from remembering to make an update on things once they prove available.
It’s a good post, but didn’t give me obvious large value. So giving it a 1 in the review.
I could imagine giving the sequels more though. I suppose it figures, this post was probably adversely selected for being easier to write due to its simpler content ;)
This is a good post. The examples are clear and it deepened my intuition (though I’m judging from the reread, I don’t remember the delta from before my first reading). From the second-read, I think I might notice more instances in the wild of adverse selection, though I don’t think the first read had much impact on me.
The intended subsequent posts look really great and like they’d have interesting models I don’t yet have. I think I had the concept of adversarial selection before this, so wasn’t a conceptual breakthrough.
Then again, maybe the title should have been “availability is an update against goodness because of adverse selection”, which is depressing but perhaps true. I feel like I don’t know what to do with that though. I kind of already know the best restaurants are crowded and the most attractive people aren’t single? Maybe there’s some gain from remembering to make an update on things once they prove available.
It’s a good post, but didn’t give me obvious large value. So giving it a 1 in the review.
I could imagine giving the sequels more though. I suppose it figures, this post was probably adversely selected for being easier to write due to its simpler content ;)