Facebook

Article

Facebook is a recurring platform in the Astral Codex Ten archive, appearing 7 times across 7 issues between September 17, 2021 and June 27, 2025. The archive places it in contexts such as “people were able to go on Facebook and the comment sections of their favorite blogs”; “Please RSVP on Facebook if possible!”; “follow them on Facebook”. It most often appears alongside Scott, Spain, ACX.

Metadata

  • Category: Platform
  • Mention count: 7
  • Issue count: 7
  • First seen: September 17, 2021
  • Last seen: June 27, 2025

Appears In

Source Context

Recovered passages from the original issue text. When the raw archive preserved outbound links inside the source passage, they are listed directly under the quote.

September 17, 2021 · Original source
At the same moment, hundreds of thousands of people were marching through the streets of Israel. The apparent trigger was a 25-year-old video editor named Daphni Leef who couldn't afford an apartment near her job. She started a Facebook page saying people should protest the cost of living, one thing led to another, and soon 300,000 people were marching through the streets of Israel and Leef was a national hero.
Gurri argues all of this was connected, and all of it was a sharp break from what came before. These movements were essentially leaderless. Some had charismatic spokespeople, like Daphni Leef in Israel or Tahrir-Square-Facebook-page-admin Wael Ghonim in Egypt, but these people were at best the trigger that caused a viral movement to coalesce out of nothing. When Martin Luther King marched on Washington, he built an alliance of various civil rights groups, unions, churches, and other large organizations who could turn out their members. He planned the agenda, got funding, ran through an official program of speakers, met with politicians, told them the legislation they wanted, then went home. The protests of 2011 were nothing like that. They were just a bunch of people who read about protests on Twitter and decided to show up.
With the beginning of the Internet at the turn of the 21st century, bloggers and social media influencers short-circuited the established hierarchy. America's crimes and failures in Vietnam had percolated slowly and inconsistently through word of mouth, with most people content to believe whatever sanitized version the nightly news told them. But when America had crimes and failures in Iraq, leaked photos of torture in Abu Ghraib spread instantly across the Internet; there was no opportunity for elites in government and media to come to an agreement on how much of it they were going to share or what the narrative should be. The scientific equivalent (Gurri argues) was Climategate, where hackers leaked the emails of top climate scientists and everyone got to see exactly how the sausage got made and decide for themselves whether they trusted it or not. And then there was the 2008 market crash. For the first time, people were able to go on Facebook and the comment sections of their favorite blogs and talk about how everyone involved in finance and government was a crook who needed to be hung from a lamppost. The discussion had a momentum of its own, and people who wouldn't have dared think a heretical thought if they'd been listening to Walter Cronkite found themselves adding to the avalanche.
August 26, 2022 · Original source
BAGHDAD, IRAQ Contact: MA, tofiahmed117[at]gmail[dot]com, Discord: WolframSigma#1532, Telegram Time: Friday, September 2, 11:00 AM Location: Grinders Coffeeshop Coordinates: 8H568FG6+73 Event link(s): LessWrong JERUSALEM, ISRAEL Contact: Zvi Schreiber, zvi[at]zvi[dot]net, WhatsApp +972 54 569 1100 Time: Wednesday, October 19, 6:00 PM Location: Malcha technology park garden Coordinates: 8G3QP5XP+PP Event link(s): LessWrong REHOVOT, ISRAEL Contact: David Manheim, David[at]alter[dot]org[dot]il Time: Sunday, September 11, 8:00 PM Location: Outside porch of Aroma Coffee, הרצל 218, רחובות Coordinates: 8G3PWR25+MP Event link(s): LessWrong, Facebook event Notes: Please RSVP on Facebook so we can give updates if needed TEL AVIV, ISRAEL Contact: Adam & inbar M, projectscentrum[at]gmail[dot]com, inbar192[at]gmail[dot]com, Whatsapp +46762791415 (Adam) Time: Sunday, September 4, 7:00 PM Location: Hamenia industrial loft at Beit Alfa 7 (רחוב בית אלפא 7). Look for a door with ACX sign. Two floors up. Coordinates: 8G4P3Q8Q+85 Event link(s): LessWrong Group info: We've just made a Facebook group and are planning to organize monthly meetings going forward Notes: For questions contact Adam on email or WhatsApp. Feel free to bring a snack or a bottle of white wine. AMMAN, JORDAN Contact: Daniel, dnledvs[at]gmail[dot]com Time: Tuesday, September 20, 6:30 PM Location: Rustic, Jabal al Weibdeh Coordinates: 8G3QXW49+WG Event link(s): LessWrong Notes: We're hoping to grow the group, so feel free to come even if you've only read a few posts! +1s are also welcome. CAPE TOWN, SOUTH AFRICA Contact: Mark Chimes, chimes[dot]mark[at]gmail[dot]com, WhatsApp 0826568573 Time: Saturday, September 17, 11:00 AM Location: Truth Coffee Roasting, 36 Buitenkant St, Cape Town City Centre - we'll put a sign on the table Coordinates: 4FRW3CFF+3M Event link(s): LessWrong Group info: We met up pre-Covid and pre-ACX as an SSC group. Now we're getting back in the swing of things. We eat lunch and chat about philosophy, politics, and sometimes SSC/ACX blog posts. Notes: We're planning on having another meetup on the 8th October if you can't make the first. DAR ES SALAAM, TANZANIA Contact: Arno, arnorohwedder[at]gmail[dot]com, +255763998637 Time: Thursday, September 29, 7:30 PM Location: The Deck, Masaki Coordinates: 6G5X776J+X6 Event link(s): LessWrong Notes: Seeing if there are any interested people in Dar, look forward to meeting, if you are coming please send me a whatsapp. DUBAI, UAE Contact: RS, xyxyxz[at]gmail[dot]com, +971552726281 (WhatsApp) Time: Friday, September 30, 7:30 PM Location: Starbucks, Garhoud Coordinates: 7HQQ68VR+94 Event link(s): LessWrong Group info: Met once before Notes: Please RSVP on LessWrong, or message me on WhatsApp
BRISBANE, AUSTRALIA Contact: Jarred Filmer, jarred[dot]filmer[at]gmail[dot]com Time: Saturday, September 10, 7:00 PM Location: 52 McCaul Street Taringa (house) Coordinates: 5R4JFXXQ+P8 Event link(s): LessWrong, Facebook event Group info: We used to meet once a month years ago, but now just meet whenever there's a Meetups Everywhere :) Notes: Snacks will be provided but dinner will not be, would recommend eating before you come CANBERRA, AUSTRALIA Contact: Andy Bachler, Andy[dot]Bachler[at]gmail[dot]com Time: Wednesday, August 31, 5:30 PM Location: Badger & Co pub at ANU. Central location, parking free after 5pm, might be loud, sorry! Coordinates: 4RPFP4FC+34 Event link(s): LessWrong, Eventbrite Notes: Parking area just to the north of the pub, over the river, is free after 5pm! GOLD COAST (SOUTH), AUSTRALIA Contact: Lerancan, lerancan[at]gmail[dot]com Time: Sunday, September 11, 2:00 PM Location: A picnic table, Wyberba Street Reserve, Tugun Coordinates: 5R3MVF5W+555 Event link(s): LessWrong Notes: Email me in case of bad weather/you can't find me/you can't make that time etc. MELBOURNE, AUSTRALIA Contact: Ryan, xgravityx[at]hotmail[dot]com Time: Friday, September 2, 6:00 PM Location: Beer Deluxe Federation Square Coordinates: 4RJ65XM9+3Q Event link(s): LessWrong, Facebook event Group info: We're officially the Less Wrong Melbourne social meetup group, though our members include the broader rationalist community. We meet once a month for casual discussion (and beers for those so inclined). Please join our Facebook group to see the meeting invite; there you will see a WhatsApp group link - please join that group too to ensure timely updates in case of changes (Facebook notifications don't work reliably for this). Notes: Please RSVP to the meeting invite on the Facebook group so that I can make an appropriate booking. PERTH, AUSTRALIA Contact: Madge, madgech[at]gmail[dot]com Time: Sunday, September 25, 2:00 PM Location: Russell Square, Northbridge, corner of Shenton and Aberdeen St. There will be some sort of ACX meetup sign. Coordinates: 4PWQ3V34+W6 Event link(s): LessWrong, Facebook event Group info: I run one meetup per year, if someone else wants to take over please do Notes: Please RSVP on LessWrong or Facebook SYDNEY, AUSTRALIA Contact: Eliot, Redeliot[at]gmail[dot]com Time: Thursday, September 15, 6:00 PM Location: City of Sydney rsl, lvl 2 in the fishbowl Coordinates: 4RRH46F4+983 Event link(s): LessWrong, Meetup.com Group info: We meet monthly WOLLONGONG, AUSTRALIA Contact: Jason, jason[dot]bowkettblogs[at]gmail[dot]com Time: Saturday, September 3, 12:00 PM Location: UOW Library Coordinates: 4RQGHVVH+69 Event link(s): LessWrong CHENGDU, CHINA Contact: Alex, acx[dot]chengdu[at]gmail[dot]com Time: Thursday, September 15, 7:00 PM Location: Chef Wenwu Hot & Spicy Jianghu Food (Yulin store)/文武大厨·热辣江湖菜(玉林店). I (a foreigner) will be wearing a green shirt. Coordinates: 8P26J3C5+462 Event link(s): LessWrong Notes: Please RSVP at the above email address, I will give you my Wechat contact if you're interested in attending. Open to time/date/location changes, so let me know if the proposed event doesn't work for you! Can be a bilingual event; all welcome. 有双语交流的可能性。如果想来的话,请提前发给我个电子邮件。 HONG KONG Contact: Nathan, nathan[at]xevarion[dot]org Time: Saturday, September 10, 1:00 PM Location: The Catalyst, 2 Po Yan Street, Sheung Wan. Big wooden door. Coordinates: 862M74PW+6XP Event link(s): LessWrong BANGALORE, INDIA Contact: Nihal, propwash[at]duck[dot]com, Discord: propwash#4648 Time: Sunday, September 18, 4:00 PM Location: Matteo Coffea, Church Street Coordinates: 7J4VXJF4+PR Event link(s): LessWrong Group info: We're the longest active group in Asia — we've been meeting monthly for the last 4 years, discussing ACX posts, LW content with a diverse and friendly group of people. Check our website for more info. Notes: Please RSVP on LessWrong to help me be better prepared. HYDERABAD, INDIA Contact: Vatsal, vmehra[at]pm[dot]me, Whatsapp: +919944430856 (username: Vim) Time: Sunday, September 11, 5:00 PM Location: The Weekend Cafe, Plot No D, 3, Vikrampuri Colony, beside vac's bakery, Vikrampuri Colony, Lane, Secunderabad, Telangana, 500015, India Coordinates: 7J9WFF4X+5P Event link(s): LessWrong Group info: Our rationality meetup group has been around for about 3 months and we discuss articles and exercises (eg. CFAR handbook) that can help us improve epistemic and instrumental rationality. MUMBAI, INDIA Contact: PB, e2y94n1nv[at]relay[dot]firefox[dot]com Time: Sunday, October 9, 4:00 PM Location: Jamjar Diner, Versova Coordinates: 7JFJ4RM6+5W Event link(s): LessWrong Notes: Please RSVP on LessWrong or via email so I can plan activities accordingly. NEW DELHI, INDIA Contact: Suryansh Tyagi, suryanshtyagiphone[at]gmail[dot]com, WhatsApp/phone +919997299972 Time: Sunday, September 11, 5:00 PM Location: Select CityWalk Mall, Saket. Where inside the mall depends on the number of people interested. Coordinates: 7JWVG6H9+8H Event link(s): LessWrong Notes: Please either send me an email or message me on WhatsApp if you want to attend. Any suggestions/changes are welcome. UDAIPUR, RAJASTHAN, INDIA Contact: Shailendra Paliwal, acx-meetup-2022[at]shailendra[dot]me Time: Saturday, September 10, 7:00 PM Location: We'll be at Doodh Talai near Pichola Lake and I'll be wearing a gray t-shirt carrying a sign ACX Meetup Coordinates: 7JPMHM9M+HG Event link(s): LessWrong Notes: Please RSVP on LessWrong so that I can plan ahead UBUD, BALI, INDONESIA Contact: William Ubud, Napaproject[at]gmail[dot]com Time: Tuesday, August 30, 6:00 PM Location: PARQ Ubud Coordinates: 6P3QG789+F7 Event link(s): LessWrong TOKYO, JAPAN Contact: Harold Godsoe, hgodsoe[at]gmail[dot]com Time: Saturday, October 8, 10:00 AM Location: Near Nakameguro station - RSVP for details Coordinates: 8Q7XJPV2+QFP Event link(s): LessWrong, Meetup.com Notes: ACX Tokyo meets monthly since Sept 2021. Our meetups are in English, so far. To join in, feel free to get in touch in any of the many ways to do so (email, Meetup.com). It's useful to be in contact before coming to an event, to help with that first leap of faith. KUALA LUMPUR, MALAYSIA Contact: Yi-Yang, yi[dot]yang[dot]chua[at]gmail[dot]com, LessWrong profile Time: Saturday, September 17, 2:00 PM Location: I'll be in Lisette's Bangsar, which is a 5-minute walk from Bangsar LRT. I'll be wearing a pale green t-shirt and carrying an ACX sign. Coordinates: 6PM34MHH+VW Event link(s): LessWrong AUCKLAND, NEW ZEALAND Contact: Jonathan De Wet, jonpdw[at]gmail[dot]com Time: Saturday, September 3, 6:30 PM Location: 32 Stanley Ave Milford, Auckland Coordinates: 4VMP6QH4+86 Event link(s): LessWrong, Facebook event Notes: It’s a dinner party! Please RSVP on FB so I know how much food to make DUNEDIN, NEW ZEALAND Contact: Gavin, bisga673[at]student[dot]otago[dot]ac[dot]nz Time: Saturday, September 3, 3:00 PM Location: Picnic tables outside of St. David's lecture theatre on Otago University campus. I'll make a sign with ACX meetup. Coordinates: 4V6G4GP7+GM5 Event link(s): LessWrong Notes: There is no Dunedin group as far as I'm aware of, but I'd be keen to meet other likeminded people and organise group hangouts occasionally. WELLINGTON, NEW ZEALAND Contact: Ben W, benwve[at]gmail[dot]com Time: Tuesday, September 27, 5:30 PM Location: Rutherford House, Bunny Street, Wellington. Room MZ05, which is on the mezzanine floor Coordinates: 4VCPPQCH+FGC Event link(s): LessWrong Notes: We're running the event this time in partnership with Effective Altruism Wellington LAPU LAPU, CEBU, PHILIPPINES Contact: Dave, tokkolizard[at]tutanota[dot]com Time: Sunday, September 4, 2:00 PM Location: Starbucks in Mactan Newtown, there will be a sign with ACX MEETUP on it. Coordinates: 7Q268257+4F Event link(s): LessWrong Notes: Please RSVP by mail so I know if I need to set up a bigger meeting place SINGAPORE Contact: Jonathan Ng, jonathan[dot]ng1[at]gmail[dot]com, Telegram @derpy Time: Tuesday, September 6, 6:30 PM Location: Tanjong Pagar MRT gantry, I'll be wearing the dark blue EA Global 2022 jumper Coordinates: 6PH57RGW+J8 Event link(s): LessWrong
CALGARY, AB Contact: David Piepgrass, qwertie256[at]gmail[dot]com Time: Saturday, September 10, 2:00 PM Location: Marlborough Mall food court Coordinates: 9538324C+CH9 Event link(s): LessWrong Group info: It's small! EDMONTON, AB Contact: JS, ⁨ta1hynp09[at]relay[dot]firefox[dot]com Time: Thursday, October 13, 6:30 PM Location: Polar Park Brewing Company - we will have a sign. Coordinates: 9558GG82+GG Event link(s): LessWrong Group info: LessWrong VANCOUVER, BC Contact: Tom Ash and Dirk Haupt, events[at]philosofiles[dot]com Time: Saturday, September 10, 1:00 PM Location: Dude Chilling (aka Guelph) Park, near the intersection of Main, Broadway & Kingsway. We'll be just west of the garden - look for Tom in a neon yellow shirt. Coordinates: 84XR7W73+PG Event link(s): LessWrong, Facebook event Group info: For future events, join the following: For rationalism, this Facebook group, for effective altruism, this Facebook group for both, Meetup.com Notes: ?? We'll have a sushi lunch for everyone who comes (fish or vegan). This is not at all necessary, but posting on the Facebook event to say you will or won't want this will help estimate numbers. RSVPing there will help boost attendance too. VICTORIA, BC Contact: Sarah McManus, sarahmcmanusbc[at]gmail[dot]com, Twitter @SarahAMcManus Time: Friday, September 23, 7:00 PM Location: Snowy Village, 4071 Shelbourne St #2a, Victoria, BC V8N 5Y1 - It's a small cafe, I'll be at a table with an ACX MEETUP sign on it Coordinates: 84WRFMG9+H3 Event link(s): LessWrong, Facebook event HALIFAX, NS Contact: Conor Barnes (ideopunk), conorbarnes93[at]gmail[dot]com Time: Sunday, September 25, 1:00 PM Location: Seven Bays Cafe (2017 Gottingen Street) Coordinates: 87PRMC29+9C Event link(s): LessWrong Notes: Join us at Seven Bayes KITCHENER-WATERLOO, ON Contact: Jenn, hi[at]jenn[dot]site Time: Sunday, September 25, 1:00 PM Location: Goudie's Lane, besides 8 Queen St N, Kitchener. I'll be wearing white boots and at one of the picnic tables if it's not raining, or further back in the parking area if it is. There will be some sort of ACX MEETUP sign. Coordinates: 86MXFG26+5CV Event link(s): LessWrong Group info: We have a new regular meetup group! We meet up every other Thursday. Events are posted on LessWrong, and we also have a website. Notes: Please RSVP on LessWrong if possible, but show up anyways if you weren't able to! Generally, past meetups everywhere events have attracted 8-15 people. OTTAWA, ON Contact: Tess Walsh, rationalottawa[at]gmail[dot]com Time: Friday, September 16, 6:00 PM Location: We are meeting at the Atelier d'innovation sociale, located at 95 Clegg St, K1S1C5. Specifically in the Lounge area, there will be numerous signs for ACX MEETUP where needed. Coordinates: 87Q6C84F+PM4 Event link(s): LessWrong, Facebook event Group info: We meet weekly on Friday evenings, and that allows us enough opportunity to try out a huge variety of different types of events — probably some that you, yes you, would enjoy! Here are our Facebook, LessWrong, and Discord (where the action really is) Notes: I always appreciate RSVP's in any form! It helps me set expectations/plan the best meetup I can! You can also contact me, Tess Walsh, with any questions whatsoever at rationalottawa@gmail.com TORONTO, ON Contact: Sean Aubin, seanaubin[at]gmail[dot]com Time: Sunday, September 18, 3:00 PM Location: Located at the picnic tables located in The Bentway, which is the sheltered area underneath the Gardiner Expressway. Coordinates: 87M2JHPR+X5W Event link(s): LessWrong Group info: Currently meeting monthly with ambitions to meet bi-monthly. Notes: Please RSVP on LessWrong so I know how many people to anticipate.
January 31, 2023 · Original source
This was a helpful reminder that Metaculus is a real organization, not just a site I go to sometimes to check the probabilities of things. The company is run remotely; catching nine of them in a room together was a happy coincidence. Although I think it still relies heavily on grants, Metaculus’ theoretical business model is to create forecasts on important topics for organizations that want them (“partners”) - so far including universities, tech companies, and charities. A typical example is this recent forecasting tournament on the spread of COVID in Virginia, run in partnership with the Virginia Department of Health and the University of Virginia Biocomplexity Institute (this year’s version here). The main bottleneck is interest from policy-makers, which they’re trying to solve both through product improvement and public education. In December, Metaculus’ Director of Nuclear Risk, Peter Scoblic, published an article in Foreign Affairs magazine about forecasting’s “struggle for legitimacy” in the foreign policy world. It’s paywalled, but quoting liberally: Organizational change is difficult under the best of circumstances and is close to impossible when powerful insiders actively resist it. National security experts with decades of experience and access to classified information see little reason for deferring to the upstart winners of forecasting tournaments, contests that allow the public to compete at putting realistic odds on future events. Perhaps they are concerned that as forecasters get better at geopolitical analysis, they will threaten the notion of expertise and the professional identities of those who supply it. But forecasting should be seen as a complement to expert analysis, not a substitute for it. The same situation obtains among the corps of foreign-policy columnists, think tank fellows, and former government officials who wield more influence for the confidence of their convictions than for the precision of their predictions. There is little incentive for such analysts to ask when they have been wrong and why—questions that top forecasters must constantly confront if they are to maintain their place in the accuracy hierarchy. Instead, the “thought leader” ecosystem insulates the careers of people who would have washed out of any geopolitical forecasting tournament. It concludes: All this suggests that to make forecasting a resource that policymakers use, the quality of both supply and demand needs to improve. The former requires giving subject-matter experts a role in producing forecasts—in formulating questions (because they know which indicators are most germane) and in vetting the rationales that inform forecasts (because they can gut-check causal claims and fact-check evidence). The latter requires making the national security establishment more numerate or at least more open to quantitative appraisals of the future. These are challenging tasks, but forecasting scholars are already testing methods for not only measuring the best forecasts but also judging the most persuasive rationales for those forecasts. For example: What story best conveys that there is a 10–15 percent chance of between one and three million people dying in the Ukraine war by the end of 2024? Where forecasters provide probability, subject-matter experts can provide plausibility, making well-calibrated quantitative future estimates more convincing and palatable to policymakers—and therefore making their decisions a little less wrong. And in national security, being a little less wrong can be a lot less dangerous. These are the kinds of questions Metaculus-the-organization is thinking about, and the kinds of problems it’s trying to solve. They’ve also got some exciting ideas for making their product more policy-relevant. For example, they’re working on causal modeling, where forecasters not only predict the chance of (eg) a Russian nuclear strike, but also all of the inputs into their decision. For example, there’s a 10% chance of a strike, which comes from a 15% chance if the war in Ukraine continues vs. a 5% chance if it doesn’t. And they think there’s a 50% chance the war will continue, which comes from a 60% chance if the US stops arms shipments and a 33% chance if it doesn’t - and so on. Policymakers can play around with the causal graph, investigate which factors make a strike more vs. less likely, and check how their preferred policy would affect things they care about. For more on the intersection of forecasting and policy, see this EA Forum post. To learn more about Metaculus, follow them on Twitter or Facebook. And here’s to many millions more predictions! Taking Stock Prediction market users really want stocks. “Stock” in this sense means an instrument that measures the status of a person, group, or idea. When their status goes up, the stock goes up. When their status goes down, the stock goes down. It feels like a natural way to bet on things like “I’m bearish on Elon Musk and think everyone else is overestimating him.” It’s hard to turn this vague idea into a real financial instrument. You could try tying it to their Twitter follower count, or Google search trends, or net worth, but none of these exactly track “status”. If Musk commits murder in broad daylight, his search volume will go up, his Twitter follower count will stay about the same, his net worth might not be affected, but his status will have gone way down. The current solution is to make no effort whatsoever to moor stocks to the real world and just hope they work out. This could work! It’s kind of like a Ponzi scheme or crypto token. Some big influencer endorses MoonCoin, and MoonCoin goes up, because MoonCoin has gained status, which means more people will want to buy it, because it’s even more likely that more people will want to buy it later. Crypto tokens keep a fig leaf of “and maybe in the cyberpunk future when all transactions everywhere have switched to crypto this will really pay off”, but over time that fig leaf became increasingly threadbare, and a fun low-stakes instrument like Manifold stocks might do fine without it. But the 0% to 100% prediction scale is a bad match for stocks. If Elon started at 50% in 2000, then when Tesla made it big he surely should have doubled. And that brings him up to 100% and leaves nowhere for him to go. Also, people who bet on Elon Musk in 2000 might be miffed that their prescient choice only doubled their money. Probably the solution is some kind of cardinal number. But which one, and at what scale? Again, the lesson from crypto is that maybe it doesn’t matter. Just start at 10 or something or something and see where it ends up. Manifold leadership isn’t totally resigned yet to having stocks be meaningless Ponzi schemes. If you have a better idea for how to run stocks, leave it in the comments here and they’ll probably see it. CFTC vs. PredictIt Update So far it’s not clear if this means indefinite normal operation, or if they’ll spend the extra time trying to wind existing markets down. The overall chance of them winning their lawsuit remains unchanged at around 25%. PredictIt has gotten some sympathetic news coverage, including from the Washington Post. In the process, the Post tried to get some clarity on what terms of the no-action letter PredictIt violated, apparently without success: @CFTC why they're shutting PredictIt down. They give no real answer, just as in the original withdrawal letter. Closest thing we have to an answer is that they don't want other prediction markets. But why? No sense here at all. washingtonpost.com/lifestyle/2023… ","username":"RichardHanania","name":"Richard Hanania","profile_image_url":"","date":"Tue Jan 24 18:12:59 +0000 2023","photos":[{"img_url":"https://pbs.substack.com/media/FnQbawZaYAAKRws.jpg","link_url":"https://t.co/zeKhe8sjnT","alt_text":null}],"quoted_tweet":{},"reply_count":0,"retweet_count":8,"like_count":39,"impression_count":0,"expanded_url":{},"video_url":null,"belowTheFold":true}" data-component-name="Twitter2ToDOM"> @StephenPiment I'm flat appalled the CFTC said \"you violated terms\", but won't tell anyone, @PredictIt included, which ones, and then has big enough balls to try to get the judge to dismiss PI's \"shotgun\" defense. Um, with no info what other case COULD they make?\n","username":"kmett","name":"Edward Kmett","profile_image_url":"","date":"Sun Nov 27 19:01:29 +0000 2022","photos":[],"quoted_tweet":{},"reply_count":0,"retweet_count":8,"like_count":21,"impression_count":0,"expanded_url":{"url":"https://www.bonus.com/news/cftc-predictit-hearings-coming/","image":"https://substack-post-media.s3.amazonaws.com/public/images/8d5a1d5e-49ee-4294-84cd-eb5a4259bbc3_1200x800.jpeg","title":"Hearings Coming Soon in PredictIt Lawsuit, CFTC Asks to Dismiss","description":"The CFTC is seeking to have the PredictIt lawsuit dismissed, while the plaintiffs want the case fast-tracked due to the shutdown deadline.","domain":"bonus.com"},"video_url":null,"belowTheFold":true}" data-component-name="Twitter2ToDOM"> I guess they’ll have to give some kind of explanation during the hearing, right? Related: Richard Hanania has an article on How To Legalize Prediction Markets. The actual advice isn’t very surprising, and mostly boils down to “write letters to the government officials in charge of this”, but like other people I learned something new from the details: In the United States, prediction markets are, with a few minor exceptions, against the law. If you don’t have a legal background, you might think that means that Congress at some point considered the issue, decided people shouldn’t be able to bet on real world events, and passed a law to that effect, which was then signed by the president. But this is not what happened. As with most things, Congress has never directly considered the matter. Rather, prediction markets are illegal due to the discretion of a government agency called the Commodity Futures Trading Commission (CFTC). Why does it have this right? And on what basis has it made prediction markets illegal? […] In 1936, Congress passed and FDR signed the Commodity Exchange Act. In 1974, Congress created the CFTC to enforce the original law, which has been amended on multiple occasions over the years. The CFTC has authority to regulate what are called “derivatives markets.” A derivatives contract derives its value from some kind of underlying asset or benchmark in the real world. The thing to understand about derivatives is that the baseline is that they’re legal. That’s why you can “bet” on the price of oil through a futures contract. The CFTC wasn’t created to ban derivative markets, but to regulate them, though this can involve prohibiting certain kinds of markets altogether. Current law includes the following provision on event contracts, [banning]: activity that is unlawful under any Federal or State law;
March 23, 2023 · Original source
An advertisement for the author’s hedge fund Michael Gibson’s memoir Paper Belt On Fire succeeds on all counts. The year was 2007. Gibson had just dropped out of Oxford (grad student, philosophy), and applied for a job with the CIA. His secret reason: when he was one year old, his father had admitted to his mother that he was a spy and might be in danger. Before he could tell her anything else, he was found dead, apparently of a heart attack. He thought maybe if he worked at the CIA, he would have access to more information about what happened. The CIA evaluated him (along with a telephone interview, an “IQ test, a personality test, a statement of values, [and] a set of essay questions”) and rejected him. Gibson got a job as an editorial assistant at a tech magazine and blogged on the side. Some of his blog posts came to the attention of Peter Thiel, who offered him a job at his hedge fund. Wasn’t it a bit bold to offer an Oxford philosopher a hedge fund job? Yes, the book mentions how brave and radical and unconventional Thiel’s hiring policies are about twice per paragraph. For example: The media consistently gets Peter wrong . . .The Atlantic’s George Packer wrote . . . that Peter’s hedge fund had the reputation of being a “Thiel cult” that was “staffed by young libertarian brains who were in awe of their boss, emulating his work habits, chess-playing, and aversion to sports.” Packer is a great writer, but in this he was dead wrong, as anyone actually working on the desk knew. Sure, Patrick “the Wolf Man” Wolff was technically a chess grandmaster, ranked higher than Peter, but hardly anyone else ever played. More importantly, the Wolf Man was a diehard Krugman Keynesian. Woersching was a lefty, too, an ardent fan of the egalitarian philosophy of John Rawls. And Josh, he was a dirt-road California Democrat who was a downhill ski junkie […] In truth, Peter didn’t hire just libertarians. He hired scapegoats who’d survived a mob. People who felt comfortable being a minority of one. Thiel in no way selects employees who agree with all of his controversial libertarian opinions. But, by total coincidence, Michael Gibson does agree with all of Peter Thiel’s controversial libertarian opinions. He writes about Cardwell’s Law; historian Donald Cardwell noted that no country remains on the cutting edge for long. During the early Renaissance, Italy was where it was at; a century later, it was Spain and Holland; later still, Britain and Germany, and now new discoveries and businesses come disproportionately from the United States. Why? Gibson and Thiel think that innovation is a rare and fragile plant, which thrives only in the hidden cracks between power structures. Established structures either stamp it out as a threat, or rent-seek off of it so hard that they bleed it dry. Wherever it succeeds, it has succeeded through weird quirks that prevent fat cats from parasitizing it to death. Hong Kong’s economic miracle was during the administration of John Cowperthwaite, an eccentric British libertarian who refused to collect economic statistics because he thought they would make it too easy for meddlers to extract value. America’s economic miracle happened because of a vast frontier - which not only provided freedom for westerners, but served as a BATNA for easterners, preventing their own institutions from sucking them too dry. Now the frontier has closed. New York City recently abandoned its attempt to build a light rail line to the airport: after reaching a $2.4 billion price tag and spending eight years in the planning phase, the government realized it wouldn't be able to overcome all the legal hurdles necessary to grant itself permission. The San Francisco Chronicle reported that it requires 87 permits, two to three years, and $500,000 to get permission to build houses in SF - and your plan might still get shot down because a planning commissioner thinks its glass windows are “a statement of class privilege”. The cracks have shut; the rare fragile plant has been shredded by a combine harvester. Gibson, like Thiel, is a believer in the Great Stagnation - the theory that we’re already reaping the consequences of our newly parasitic society. The early 20th century gave us cars, airplanes, electricity, and penicillin; the early 21st has so far given us some truly excellent social media sites but not much else. Innovation in the world of bits - unbound by geography, comparatively hard to regulate or extort - has sort of continued; innovation in the world of atoms has ground to a halt. And Gibson, like Thiel, talks like a man on a mission. What is good in man thrives only in a few tiny cracks, easily found and destroyed. The last crack was closed within living memory, but its legend hasn’t completely died; the few people who managed to pick up a little of its lore are racing against time to open a new crack before it is entirely forgotten and their project is left to the vicissitudes of history. The cover of “Paper Belt On Fire” goes hard. And yes, the “money” part is a reference to Bitcoin. Gibson’s heart was originally in charter cities - asking some government to open a tiny controlled crack in a sliver of its territory, promising it more meat in the end if it lets its victims grow fat and healthy than if it strangled them in the cradle. But for whatever reason they thought the time wasn’t ripe (the right time, apparently, would be 2019). Instead, Thiel asked Gibson to work on what would become the Thiel Fellowship. He teamed up with Danielle Strachman, a dangerously-hippie-adjacent burnt-out former charter school principal. Their plan was simple: offer talented kids $100,000 to drop out of school and do something exciting in the real world (usually start a company). Paper Belt spends long pages on the hate they got. Larry Summers called it “the single most misdirected bit of philanthropy this decade”. Journalist Jacob Weisberg said anyone who accepted the Fellowship would “halt their intellectual development at the onset of adulthood, maintaining a narrow-minded focus on getting rich as young as possible and thereby avoid the siren lure of helping others or pursuing knowledge for its own sake” (this was before journalists decided that helping others was also evil). Others focused on how there was no way any of these young people would possibly succeed or make money - when the first batch of Thiel fellows failed to revolutionize the world within one year, journalist Vivek Wadhwa wrote Billionaire’s Failed Education Experiment Proves There’s No Shortcut To Success. In fact (slightly conflating the part with the Fellowship with its successor fund): The press . . . hated us. In a 2016 New York Times op-ed, science journalist and author Tom Clynes claimed that “radical innovation has yet to emerge” from anything related to the Thiel Fellowship, and that “the biggest hits have been the most pedestrian.” Antonio Garcia Martinez, the author of the Silicon Valley memoir Chaos Monkeys, spewed forth his bile for us on social media: “For fans of ironic stupidity, Silicon Valley is a never-ending feast”, he wrote on Facebook. He went on to explain, with great vulgarity, why our fund would fail by backing young dropouts. My favorite . . . has to be the challenge issued by Scott Galloway, a professor and bloviator in marketing from NYU’s business school . . . who told Business Insider that if he picked ten smart recent graduates from his alma mater, the University of California at Berkeley, they would outperform any ten dropouts we worked with on some dimension of success related to income or startup formation. Of course he wouldn’t have written the book if any of these people had been right. I can’t find a list of all Thiel fellows, but there are ~20 per year and it’s been running about 12 years, so maybe 200 - 250? At least eight have founded companies valued at over a billion dollars, and others have become impressive philanthropists, activists, and scientists. Pretty good success rate. Gibson argues it’s not about the money, it’s about the mission. We’ve told young people they can’t succeed without the stamp of approval from big institutions. In order to get that stamp, they sacrifice their childhood on the altar of doing things that look nice to admissions officials, then go deep into debt to pay ruinous tuitions. All to waste four years of their lives listening to some professor drone on about post-colonial gender relations in Harry Potter so they can satisfy their gen ed requirement so they can learn the stuff they want to learn so they can get hired by McKinsey so that one day they can be cool and important enough to make a difference in the world. Why not tell young people they can just make the difference right now, without doing any of that? It’s not about the money - but when your graduates are routinely founding billion dollar companies, you’d be crazy to keep it that way. After a few years, Gibson and Strachman noticed the billion-dollar-bill lying on the ground, left the Thiel Fellowship, and started a new VC fund, 1517 (named after the year Martin Luther did some institution-challenging of his own). Their business plan was to do roughly the same thing as the Thiel Fellowship - only this time, invest in the companies beforehand (the parting with Thiel seems to have been amicable; he invested $4 million). So Gibson adopted the life of a venture capitalist. He talks frankly about the difficulties. For example, in one case he found someone nobody else believed in, gave them enough money to keep going, and helped them start their company in exchange for them giving Gibson a certain stake. After the company succeeded, Gibson accuses bigger VC firm Sequoia Capital of convincing the founder to kick him out, and stealing his stake. He says that in the world of VCs it’s poison to sue founders for any reason, so nobody can enforce contracts, so if your founders defect to a different VC for more money, there’s nothing you can do (this is not legal advice). Also, “please give me millions of dollars so I can invest it in college dropouts” is a tough sale for everyone except Peter Thiel. Still, he got a bit of money and tried his best. He takes as his - would it be insensitive to say “role model”? - John Walker Lindh, the American who defected to the Taliban (and who he apparently looked like). Probably it depends on the angle or something. Lindh was the only American to find Osama bin Laden in the early 2000s - he went to lots of jihadi training camps in the process of learning how to jihad, and Osama happened to be at one of them. The lesson, Walker says, is that if you want to find people who are hard to find, you need to steep yourself in their culture, truly understand them, become one with them. Good founders are hard to find. But he and Strachman went to dozens of dingy college dorms, math competitions, group houses, and hackathons, looking for people with the right sort of talent. After pooh-poohing IQ (“Marilyn vos Savant is listed as having the highest recorded IQ, and what does she do? She writes a column for a Sunday supplement in the newspaper”) he lists some of his own preferred metrics for judging would-be Thiel fellows and founders: Polytropon - a famously untranslatable Greek word (“of-many-turns”? “always-has-a-trick-up-his-sleeve” “clever bastard”?) used to describe Odysseus. Edge control - willingness to constantly surf the boundary between order and disorder Crawl-walk-run - ability to scale from a tiny startup to a big company. …and several others, including “tensive brilliance” and “Friday night Dyson sphere”. He and Danielle searched the country for people with these qualities, annoying colleges (he was banned from MIT after showing up too often to convince their students to drop out) and doing various stunts (on October 31 2017, the 500th anniversary of Luther’s theses, he nailed a list of anti-formal-education theses to the doors of the admin buildings of top colleges (“Our commercial printer had misunderstood our request and printed them on seven-foot-long scrolls. They were ridiculous . . . but it turned out for the best.”) At one point, he negotiated with a brilliant 21 year old who may have discovered a transformative diabetes therapeutic, but the hidebound conformist novelty-hating establishment refused to work with him just because he liked the Marvel Cinemat - okay, fine, he may have legally changed his name to “Tony Stark”. Still, Gibson saw past his eccentricities, helped him start his company, and gave him sage advice (he should introduce himself to other investors as “Anthony”). Skip through several more chapters of everyone hating Gibson and telling him he was wrong and refusing to give him money and cheating him out of the money he already had, and the payoff is Luminar. One of the dropouts they cultivated founded a beyond-cutting-edge lasers-for-self-driving-cars company which went public at $3 billion. 1517 made $200 million from the deal - it sounds like they had only ever raised about $25 million, so their investors must have octupled their money on that company alone. Everyone involved is now very rich, and Gibson considers his anti-education thesis on the way to being proven. The book ends with a newly-resourced Gibson continuing his quest to figure out whether and why the CIA killed his father, but it’s slow going. If any of you know a guy named Albert van Dam in Amsterdam, or how to convince Swiss banks to reveal secret account information, get in touch with him. II. A common pattern: I assert something. Everyone yells at me and tells me I’m wrong and stupid, sometimes in very colorful language. I wait, time proves me right, and I write an essay gloating educating people about this. The median comment is “of course this is true, nobody ever denied this was true, why are you wasting our time with something obvious?” I hate this and I try to avoid doing it to other people. This is too bad, because I’m tempted to say: obviously talented dropouts can start good companies. We’ve known this at least since Bill Gates dropped out of Harvard in 1975 to start Microsoft. But also, obviously they can. Brilliant and driven people can succeed whether they get a college education or not. If Bill Gates had stayed an extra two years at Harvard, he probably would have taken a few more advanced math classes not really related to programming software or running a company. So why should we even have as a hypothesis that he couldn’t start Microsoft successfully without doing that? Still, Gibson adequately proves that lots of people hated him and were sure he would fail. Either we should read this backwards - learn that there was once a time when pro-college messages were even stronger than now, so strong that people thought it was literally impossible to succeed without every single day of a four-year college application - or the critics were trying to get at something deeper they were bad at expressing. For example: what, exactly, is Gibson’s alternative to the education system? The back-of-book-blurb says Paper Belt On Fire is about “how higher education and other institutions must evolve to meet the dire challenges of tomorrow” - but evolve how? What exactly has been proven here? A few of the very brightest young people, hand-picked by an expert young-person-picker and given $100K, can become billionaires or make great discoveries without a college degree. What are the implications? Suppose you are an average college student with an average level of talent and motivation. Should you drop out and try to create a company for Peter Thiel? Based on how many average-talent people Thiel rejects, even he doesn’t think you should do that. And if you don’t have a good answer to this question - the one relevant to 99.9% of education system inmates - have you really launched a challenge to the educational system? Gibson doesn’t address this question, but I predict he would admit that, fine, he doesn’t have an alternative to the education system in the sense of “educate people this way rather than that way”. He just wants less formal education, and has proven this will work fine. True, he’s only proven it for a tiny subset of ultra-talented people. But “billionaire tech founder” is a hard job - if it wasn’t, more people would do it and reap the $1 billion reward. Proving that people can become billionaire tech founders without college degrees implicitly suggests they can be successful middle managers or budget analysts without college degrees. So the sort of companies that need middle managers and budget analysts should also consider hiring people without degrees, and the sorts of average-level-of-talent-and-motivation people who want these jobs should consider skipping college. Would this work? Probably. It worked in the early 1900s, when only 5-10% of Americans had college degrees but the country seemed about as dynamic and successful as it does now. It worked for people like George Washington, Abraham Lincoln, and Thomas Edison, none of whom went to college. It works in other countries - for example in the UK where young doctors skip undergrad and go straight to medical school, and whose patients get about the same outcomes as in the US. It works for people with impractical degrees like philosophy, who are constantly getting jobs in (and doing well in) fields that don’t require you to compare Locke vs. Leibniz’s perspective on a priori truths. So this would work if everyone agreed to do it at once, which they won’t. The way college gets you is adverse selection. Suppose that tomorrow, you - a smart and hard-working person who could easily get a college degree - decline to do so, because you appreciate Peter Thiel and Michael Gibson’s anti-institutional perspective. The pool of people without college degrees is now, to a first approximation: 200 million people who weren’t smart to get in, rich enough to afford it, or motivated enough to finish.
April 03, 2023 · Original source
Can attest to the sketchy ADD / medical cannabis companies being a thing. I clicked an ad on Facebook, filled out a form, and less than an hour later, *I* got called by *them*. I got my prescription on that same phone call.
April 10, 2023 · Original source
CHRISTCHURCH, NEW ZEALAND Contact: Gavin Contact Info: bisga673[at]student[dot]otago[dot]ac[dot]nz Time: May 5th, 05:00 PM Location:University of Canterbury Rātā (Engineering) 119 Meeting Room reserved. Coordinates: https://plus.codes/4V8JFHHM+CG Event Link:https://www.facebook.com/events/609894044396249/ Notes: I will have someone with a sign saying ACX inside Engineering core by the main entrance. Everyone is very welcome! You should come along!
BERKELEY, CALIFORNIA, USA Contact: Skyler Contact Info: skyler[at]rationalitymeetups[dot]org Time: Saturday, May 06th, 01:00 PM Location: Rose Garden Inn, a rationalist event space at 2740 Telegraph Ave. Come in through the front gate on Telegraph. Coordinates: https://plus.codes/849VVP5R+X5 Notes: The Bay rationality community has a mailing list (https://groups.google.com/g/bayarealesswrong) a Discord server (https://discord.gg/Yqus2bFhww) and a Facebook group (https://www.facebook.com/groups/566160007909175) There are dinner meetups every Thursday at 7 PM in the East Bay, and occasional meetups in SF and South Bay.
OTTAWA, CANADA Contact: Tess Walsh Contact Info: rationalottawa[at]gmail[dot]com Time: Friday, May 12th, 06:00 PM Location: We'll be meeting in Commissioner's Park north of Dow's Lake, find us near the statue of The Man With Two Hats, there will be a large yellow sign that says ACX facing the statue. Coordinates: https://plus.codes/87Q697XV+4V Event Link: https://www.facebook.com/groups/rationalottawa/?ref=share_group_link
June 27, 2025 · Original source
Low single mother rate He summarizes that as a place of “economic connectedness” – where adults are connected to each other and to the broader community. A lack of those five elements are not bad per se, but they are correlated with a community where people are not interacting with each other as much as they are in communities where the metrics are reversed. Chetty frames it that kids are influenced by the other adults in the area they live in. But I have another hypothesis. Rather than: Other parents → Your kids Perhaps the causation runs from: Other parents → You → Your kids Maybe it’s not other parents' style of parenting that is influencing your kids (how?) but rather when you spend time around other parents their parenting style rubs off on you and how you parent your kids. Influence like that will not get picked up in Caplan’s adoption studies (which focus almost on how parent characteristics get passed on to genetic vs adopted children’s characteristics), but it is a potential signal that maybe parenting choices do matter. Maybe we were just looking at the wrong data. Pre-registered Genius Experiment We now have two data sets that don’t contradict directly, but do point to opposing conclusions. It would be great if we could test this with a pre-registered randomized control trial. That is not going to happen in our current culture. But enter Laszlo Polgár, who volunteered his own children as the test subjects. (Scott’s 2017 review of Polgar’s book here) Before his children were born Polgár publicly announced he would raise them to be geniuses. He initially considered training them to be genius artists, writers or mathematicians, but decided those fields were not objective enough. It would be too easy for critics to dismiss his future children’s achievements and “not genius” no matter what they accomplished in those fields. So he chose a field that was considered both “driven by intelligence” that had clear, objective measures: chess. Then he called his shot. By 1989 all three girls received their first “GM norms” (a GM norm is finishing a tournament with a elo score of at least 2600; 27 norms are needed to make grandmaster). Two went on to become grandmasters - the 3rd and 4th women to ever achieve that title. One ranked in the top 100 (all genders) at age 12 – she peaked at #8 in the world. The other became the top-rated woman in the world at age 15. Polgar showed that you could take kids, at least kids with “good enough genes”, and turn them into world champions through the right education methods. One might think this would be “case closed”, but even as the Polgar sisters were achieving these feats people were saying that these girls must have been “naturally gifted”. They clearly had bright parents, but does anyone think that if they had been adopted into a random middle class American household they would have still become chess geniuses? Or world class in anything at all? When Polgar was challenged on exactly that, he wanted to repeat the experiment by adopting a “black child” and doing it again. Unfortunately his wife talked him out of it. Even if he had adopted a child and turned him into a genius, that would just be one data point – it would not show up in Caplan’s adoption studies. It would be a case of the anecdote and the data disagreeing. Which do you choose to believe? Aristocratic Tutoring It would be great if we could find more examples of Polgar’s model. While I could not find any other “called shots”, one could go back and look at the childhoods of geniuses to see if there is anything to find. That is what Erik Hoel did in his series of posts on “Why we stopped making Einsteins” (post 1, post 2, post 3; Scott’s response). Hoel argues persuasively that, when biographies of their childhoods exist, the geniuses of the past were almost all given 1:1 tutoring. There must have been many aristocrats in the past that were given 1:1 tutoring who never amounted to world-class genius, and many world-class geniuses who got there without 1:1 tutoring, but it does seem to put the thumb on the scale. Benjamin Bloom would agree. Benjamin Bloom quantified Polgar’s hunch in 1984, just eight years after Polgar’s last daughter was born. He ran a RCT where some students were taught normally and others given 1:1 tutoring. He found that the average tutored child improved by two standard deviations over the control: “The average tutored student was above 98% of the students in the control class” and “about 90% of the tutored students ... attained the level reached by only the highest 20% [of the control]”. He called his finding the “Bloom’s 2 sigma problem” Why would this discovery of the secret sauce that could turn the average student into a genius be a problem? Because Bloom saw no way to scale it. Clearly we can’t give every kid in the world a personal 1:1 tutor. We had the solution that would revolutionize everything, but it was just too expensive. Where does that leave us? Caplan showed that, within the normal range, nothing you do in education or parenting matters. …But Chetty showed that how (or at least where) your kids are raised can matter. …Polgar showed that intense 1:1 tutoring from a young age can create world-class geniuses …And Bloom showed that 1:1 tutoring can work for almost everyone, improving performance, if not to world-class levels, still two standard deviations above the alternative. Caplan is still mostly right—if you hover in the complacent middle of American schooling. But Chetty hints that context nudges outcomes, Polgár proves that deliberate, early, personalised instruction can manufacture prodigies, and Bloom tells us it lifts the average child by two sigmas. Alpha’s claim is that software‑mediated, 5:1 tutoring narrows that two‑sigma gap for a price mere mortals can (barely) contemplate. Whether that vision survives contact with budgets, regulators, and human nature is the question for section seven. Part Seven: Scaling Weird A month into our experiment in Austin we were at a neighbor’s backyard pool party (a fringe benefit of moving to Austin: there were backyard pool parties in early November). I was in conversation with a couple that I had just been introduced to. He asked why we moved to Austin, “Was it for your job?” “No. Actually we moved for a school for the kids.” Their faces expressed a combination of confusion and shock. It wasn’t the first nor the last time. Everyone is confused at why we would move across the country to send our kids to a new school, “They don’t have good schools where you come from? How much does this school cost?” Those two questions frame Alpha’s biggest risks when it comes to scaling. Their biggest challenges going forward are not going to be pedagogical. They are going to be sociological and economic. The Economic Problem Alpha is much cheaper than a Victorian Governess, but it’s not cheap. As mentioned in this review more than a few times, Alpha’s flagship campus charges $40,000 a year— roughly 3-4× what the other top-tier private elementary schools in Austin ask. Yes, that figure is all‑in: every Chromebook, every afternoon workshop, even the spring junket to Poland to beta‑test the platform with Ukrainian refugees is baked into tuition. There are no gala auctions or booster fees waiting in tall grass. Still, $40k is a hard swallow when the local Christian school will take your child for eleven. Worse, the number almost certainly fails to cover costs. Recall that guides start at $60k, rise to $100k on promotion, and the five “head guides” each earn $150k. At the five‑to‑one student‑to‑teacher ratio Alpha runs, those salaries alone suck in half the revenue from a twenty‑kid cohort before you’ve paid the rent, the head of school, the company executives, the curriculum designers, the engineers that are building the 2-hour platform and AlphaRead, the workshop costs (or the trip to Ukraine) or the marketing expenses (MacKenzie has a very well produced podcast, and I see a lot of ads for the school on Facebook now that we live locally). Compared with aristocratic one‑to‑one tutoring, forty grand is a steal. But $40,000 is still Lamborghini kindergarten – and even at those prices it is still burning through Joe Liemandt’s cash pile. Alpha’s answer to eventually solving the economics seems to be two fold: (1) Get enough scale that the fixed costs (like the learning platform) become a rounding error on overall costs, and (2) pull out the “non-essentials” at many of the campuses to get the marginal cost well below $10,000 per student. Whether they will be successful is still in early innings. The homeschool product beta is limping along with 1x learning, and the Arizona Charter doesn’t open until autumn 2025. Whether Alpha retains its magic without $150,000/year guides with 5:1 teacher:student ratios and generous bribe incentives programs, remains to be seen. The Weirdness Problem When Bryan Caplan writes about the signaling theory of education, he lists three signals that schools send to employers: Our students are smart