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pevey | 1 year ago
I would summarize it as not being about AI per se. It's nominally about "rationalism," or the inclination to boil everything down to mathematics to an extreme degree. The story points out a growing subculture of rationalist who have become quite radicalized.
For a community like HN, which (rightly, IMO) places high value on rational and critical thought, it can seem strange that there could be a degree at which that sort of thinking is harmful. But there are a lot of examples where taken to an extreme, it can allow people to "rationalize" all sorts of actions. And the article goes into detail about some of the pitfalls this small group fell into.
pevey|1 year ago
It was a few years later that "behavioral economics" began to make inroads. The moniker of "behavioral economics" itself was to distinguish it from "real economics." Alas (for the establishment), behavioral economics proved very popular, and the genie was out of the bottle. It turns out mathematic equations are not all-powerful when it comes to describing certain phenomena, especially when it comes to individual or collective human behavior.
Collective blind faith in models built on dubious assumptions is what gave us the mortgage crisis.