Skip to content

Comment on Understanding is a poor substitute for convexity (2012)

Comments

“By definition chance cannot lead to long term gains (it would no longer be chance)“

If this was modified to “chance alone” then it might be correct. The way it’s worded now makes it sound like chance cannot contribute to long term gains, which is clearly false. Evolution depends on chance (generation of diversity) followed by a selection process and clearly that works pretty well.

Yes. Chance + opportunism can lead to plenty of long term gains.

AboutSource Built by g1lg1l

Hackerly is an independent reader for Hacker News, built on the public HN API. Not affiliated with Y Combinator.