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The Most Important Scarce Resource is Legitimacy
The Most Important Scarce Resource is Legitimacy
Legitimacy is a pattern of higher-order acceptance. An outcome in some social context is legitimate if the people in that social context broadly accept and play their part in enacting that outcome, and each individual person does so because they expect everyone else to do the same.
Legitimacy by brute force: someone convinces everyone that they are powerful enough to impose their will and resisting them will be very hard. This drives most people to submit because each person expects that everyone else will be too scared to resist as well. Legitimacy by continuity: if something was legitimate at time T, it is by default legitimate at time T+1. Legitimacy by fairness: something can become legitimate because it satisfies an intuitive notion of fairness. See also: my post on credible neutrality, though note that this is not the only kind of fairness. Legitimacy by process: if a process is legitimate, the outputs of that process gain legitimacy (eg. laws passed by democracies are sometimes described in this way). Legitimacy by performance: if the outputs of a process lead to results that satisfy people, then that process can gain legitimacy (eg. successful dictatorships are sometimes described in this way). Legitimacy by participation: if people participate in choosing an outcome, they are more likely to consider it legitimate. This is similar to fairness, but not quite: it rests on a psychological desire to be consistent with your previous actions.
Application-layer projects that support public goods in the community should get the support of the community, and this is a big deal. The example of DAI shows that this support really matters!
But this goes far beyond just Ethereum itself. NFTs are one example of a large pool of capital that depends on concepts of legitimacy. The NFT industry could be a significant boon to artists, charities and other public goods providers far beyond our own virtual corner of the world, but this outcome is not predetermined; it depends on active coordination and support
And blockchains are full of coordination games
·vitalik.ca·
The Most Important Scarce Resource is Legitimacy
Tobi Lütke: Calm Progress #152
Tobi Lütke: Calm Progress #152
Celebrated entrepreneur and Shopify co-founder and CEO Tobi Lütke discusses how Shopify endured through the COVID-10 pandemic, why he’s so optimistic about the future, the differences between founders and CEOs, how his job has changed as Shopify has grown over the years, how to fight bureaucracy, how he thinks about innovation in a large company, and how he manages to keep his head when everyone else is losing theirs, among other topics.
when you dig into the nuances of what the most important thing is, it’s usually not the current tactic, but it’s actually the overall strategy. And the North Star is the thing that you need to protect
I actually think, even concepts like roadmaps and generally, plans are actually overrated. The best possible roadmap is have a very clear guide view of what matters to your merchant, have a super strong model of your own capabilities as a company. And then we run the function of deciding what is the very best thing you can work on. Every moment, you have teams ready to pick the next task instead of everyone of doggedly working off a thing that, of course, gets interrupted by reality.
In every company, there’s a founding story. Everyone gets this clear sense that, hey, the reason why we have this job, the reason why we’re on this mission, the reason why we’re doing this thing is because at some point someone took the first step, wrote the first line of code. That story is imbued in the company
·fs.blog·
Tobi Lütke: Calm Progress #152
[The Knowledge Project Ep. #151] Alan Mulally: The Power Of Working Together - Farnam Street
[The Knowledge Project Ep. #151] Alan Mulally: The Power Of Working Together - Farnam Street
Shane: Alan, let’s just dive right in. You’ve served your family, Boeing, Ford, and communities around the world in such a positive way over the years. How did you end up with this formation of leadership, and can you share your service journey with us? Alan: Absolutely. Well, first of all, it’s a pleasure to …
it’s nice to be important but it’s more important to be nice
By Working Together with others you can make the most positive contribution to the most people
The idea of an integrated life is that you decide what’s really important to you, and be honest with yourself, and also you’re looking at your calendar near and longer term, and are you paying attention to the things that you really believe are important in your life to serve?
the lesson learned out of that, that I’ve learned over the years, and you have too, is you think about it, you look at it from every possible angle, and at the end of the day you decide, but the most important thing is that when you say it and you start to act on it, you really need to think about how you feel about it.
we only receive, or we only really want feedback when we feel safe, and we only offer real feedback when we feel safe
if you look up the definition of authenticity, three circles again, it’s the alignment of who you are and what you do between your beliefs, values, and behaviors.
·fs.blog·
[The Knowledge Project Ep. #151] Alan Mulally: The Power Of Working Together - Farnam Street
Neuro-symbolic AI - Wikipedia
Neuro-symbolic AI - Wikipedia
Neuro-symbolic AI integrates neural and symbolic AI architectures to address complementary strengths and weaknesses of each, providing a robust AI capable of reasoning, learning, and cognitive modeling. As argued by Valiant[1] and many others,[2] the effective construction of rich computational cognitive models demands the combination of sound symbolic reasoning and efficient machine learning models. Gary Marcus, argues that: "We cannot construct rich cognitive models in an adequate, automated way without the triumvirate of hybrid architecture, rich prior knowledge, and sophisticated techniques for reasoning."[3]. Further, "To build a robust, knowledge-driven approach to AI we must have the machinery of symbol-manipulation in our toolkit. Too much of useful knowledge is abstract to make do without tools that represent and manipulate abstraction, and to date, the only machinery that we know of that can manipulate such abstract knowledge reliably is the apparatus of symbol-manipulation
·en.wikipedia.org·
Neuro-symbolic AI - Wikipedia
Slow Growth - Software Makers & Society
Slow Growth - Software Makers & Society
The last decades saw young, technology-enabled companies beat huge, traditional enterprises across all market sectors. We saw these companies create whole new business categories out of (apparent) thin air. The phenomenon was so remarkable, a whole new category for how fast companies can grow was created: hypergrowth.
Research10 has gone far into making tangible those aspects of company culture that are shared by high-performing organisations. Often these companies operate in small, cross-functional teams with end-to-end ownership, highly autonomous in their daily operations, but also highly aligned to shared and understood business goals. The generative type of organisational culture as outlined by Westrum11 provides a broad but actionable description of the types of corporate culture we should be striving for.
High performing organisations are obsessively disciplined about their metrics, usually choosing a specific one – a ‘North Star Metric’12 – to track overall business performance. Teams then break this metric down to its smallest components in detailed KPI trees13
·slow-growth.com·
Slow Growth - Software Makers & Society
Category theory - Wikipedia
Category theory - Wikipedia
Category theory is a general theory of mathematical structures and their relations that was introduced by Samuel Eilenberg and Saunders Mac Lane in the middle of the 20th century in their foundational work on algebraic topology. Nowadays, category theory is used in almost all areas of mathematics, and in some areas of computer science. In particular, many constructions of new mathematical objects from previous ones, that appear similarly in several contexts are conveniently expressed and unified in terms of categories. Examples include quotient spaces, direct products, completion, and duality.
·en.wikipedia.org·
Category theory - Wikipedia
Applied category theory - Wikipedia
Applied category theory - Wikipedia
Applied category theory is an academic discipline in which methods from category theory are used to study other fields[1][2][3] including but not limited to computer science,[4][5] physics (in particular quantum mechanics[6][7][8][9]), natural language processing,[10][11][12] control theory,[13][14] probability theory and causality. The application of category theory in these domains can take different forms. In some cases the formalization of the domain into the language of category theory is the goal, the idea here being that this would elucidate the important structure and properties of the domain. In other cases the formalization is used to leverage the power of abstraction in order to prove new results about the field
·en.wikipedia.org·
Applied category theory - Wikipedia
Limerence - Wikipedia
Limerence - Wikipedia
Tennov estimates, based on both questionnaire and interview data, that the average limerent reaction duration, from the moment of initiation until a feeling of neutrality is reached, is approximately three years. The extremes may be as brief as a few weeks or as long as several decades. When limerence is brief, maximum intensity may not have been attained. According to David Sack, M.D., limerence lasts longer than romantic love, but is shorter than a healthy, committed partnership
·en.wikipedia.org·
Limerence - Wikipedia
Attachment theory - Wikipedia
Attachment theory - Wikipedia
Infant behaviours in the Strange Situation Protocol coded as disorganized/disoriented include overt displays of fear; contradictory behaviours or affects occurring simultaneously or sequentially; stereotypic, asymmetric, misdirected or jerky movements; or freezing and apparent dissociation. Lyons-Ruth has urged, however, that it should be more widely "recognized that 52% of disorganized infants continue to approach the caregiver, seek comfort, and cease their distress without clear ambivalent or avoidant behavior
·en.wikipedia.org·
Attachment theory - Wikipedia
Limerence - Wikipedia
Limerence - Wikipedia
Limerence is a state of mind which results from romantic or non-romantic feelings for another person, and typically includes intrusive, melancholic thoughts and/or tragic concerns for the object of one's affection as well as a desire to form or maintain a relationship with the object of love and to have one's feelings reciprocated. Limerence can also be defined as an involuntary state of intense desire.
·en.wikipedia.org·
Limerence - Wikipedia
Symbiosis - Wikipedia
Symbiosis - Wikipedia
Symbiosis (from Greek συμβίωσις, symbíōsis, "living together", from σύν, sýn, "together", and βίωσις, bíōsis, "living")[2] is any type of a close and long-term biological interaction between two different biological organisms, be it mutualistic, commensalistic, or parasitic. The organisms, each termed a symbiont, must be of different species. In 1879, Heinrich Anton de Bary defined it as "the living together of unlike organisms". The term was subject to a century-long debate about whether it should specifically denote mutualism, as in lichens. Biologists have now abandoned that restriction
·en.wikipedia.org·
Symbiosis - Wikipedia
Stages of Adult Development | Levinson, Vaillant & Neugarten's Theories - Video & Lesson Transcript | Study.com
Stages of Adult Development | Levinson, Vaillant & Neugarten's Theories - Video & Lesson Transcript | Study.com
Explore adult development theory in psychology and sociology. Learn about Levinson's, Vaillant's, Neugarten's, and Kegan's theories of adult...
Adult development theory is described as stages of growth where individuals begin viewing the world from a more multidimensional perspective and acquire a more complex understanding of themselves and others.
Developing an Identity - individuals establish their independence and begin to define themselves as a separate entity from their family by defining one's values and beliefs Development of Intimacy - individuals develop intimate relationships where they make lifelong commitments to another person and define themselves within their relationship Career Consolidation - individual's identity is defined through the social context of one's career Generativity - individuals take on mentorship roles within the community and become more altruistic Becoming Keeper of the Meaning - individuals perceive their knowledge and expertise contributing to society and become more aware of a broader social scope in passing down knowledge and traditions Achieving Integrity - individuals find acceptance in their existence and their place in the universe
·study.com·
Stages of Adult Development | Levinson, Vaillant & Neugarten's Theories - Video & Lesson Transcript | Study.com
Arm Yourself With Specific Knowledge
Arm Yourself With Specific Knowledge
Do you want to talk a little bit about the skills that you need, in particular specific knowledge, accountability, leverage and judgment. So, the first tweet in this area is “Arm yourself with specific knowledge accountability and leverage.” And I’ll throw in judgment as well. I don’t think you covered that in that particular tweet. More
So, specific knowledge is found much more by pursuing your innate talents, your genuine curiosity, and your passion. It’s not by going to school for whatever is the hottest job, it’s not for going into whatever field investors say is the hottest.
·nav.al·
Arm Yourself With Specific Knowledge
The Principles of Deep Learning Theory
The Principles of Deep Learning Theory
This book develops an effective theory approach to understanding deep neural networks of practical relevance. Beginning from a first-principles component-level picture of networks, we explain how...
·arxiv.org·
The Principles of Deep Learning Theory
How to Think for Yourself
How to Think for Yourself
Independent-mindedness seems to be more a matter of nature than nurture. Which means if you pick the wrong type of work, you're going to be unhappy. If you're naturally independent-minded, you're going to find it frustrating to be a middle manager. And if you're naturally conventional-minded, you're going to be sailing into a headwind if you try to do original research.
But schools generally ignore independent-mindedness, except to the extent they try to suppress it
It matters a lot who you surround yourself with
Another place where the independent- and conventional-minded are thrown together is in successful startups. The founders and early employees are almost always independent-minded
In my experience, independent-mindedness and curiosity predict one another perfectly. Everyone I know who's independent-minded is deeply curious, and everyone I know who's conventional-minded isn't
·paulgraham.com·
How to Think for Yourself
Open banking - Wikipedia
Open banking - Wikipedia
Open banking is a financial services term within financial technology. It refers to:[1] The use of open APIs that enable third-party developers to build applications and services around the financial institution.[2][3] Greater financial transparency options for account holders, ranging from open data to private data. The use of open source technology to achieve the above
·en.wikipedia.org·
Open banking - Wikipedia
Before the Startup
Before the Startup
It's not surprising that after being trained for their whole lives to play such games, young founders' first impulse on starting a startup is to try to figure out the tricks for winning at this new game. Since fundraising appears to be the measure of success for startups (another classic noob mistake), they always want to know what the tricks are for convincing investors. We tell them the best way to convince investors is to make a startup that's actually doing well, meaning growing fast, and then simply tell investors so. Then they want to know what the tricks are for growing fast. And we have to tell them the best way to do that is simply to make something people want.
·paulgraham.com·
Before the Startup
Bessel's correction - Wikipedia
Bessel's correction - Wikipedia
In statistics, Bessel's correction is the use of n − 1 instead of n in the formula for the sample variance and sample standard deviation,[1] where n is the number of observations in a sample. This method corrects the bias in the estimation of the population variance. It also partially corrects the bias in the estimation of the population standard deviation. However, the correction often increases the mean squared error in these estimations. This technique is named after Friedrich Bessel.
·en.wikipedia.org·
Bessel's correction - Wikipedia
Transference - Wikipedia
Transference - Wikipedia
It is common for people to transfer feelings about their parents to their partners or children (that is, cross-generational entanglements). Another example of transference would be a person mistrusting somebody who resembles an ex-spouse in manners, voice, or external appearance, or being overly compliant to someone who resembles a childhood friend.
It usually concerns feelings from a primary relationship during childhood. At times, this transference can be considered inappropriate
·en.wikipedia.org·
Transference - Wikipedia
Turing completeness - Wikipedia
Turing completeness - Wikipedia
In computability theory, a system of data-manipulation rules (such as a computer's instruction set, a programming language, or a cellular automaton) is said to be Turing-complete or computationally universal if it can be used to simulate any Turing machine (devised by English mathematician and computer scientist Alan Turing). This means that this system is able to recognize or decide other data-manipulation rule sets. Turing completeness is used as a way to express the power of such a data-manipulation rule set. Virtually all programming languages today are Turing-complete.
·en.wikipedia.org·
Turing completeness - Wikipedia
Oxytocin Increases Generosity in Humans
Oxytocin Increases Generosity in Humans
Human beings routinely help strangers at costs to themselves. Sometimes the help offered is generous—offering more than the other expects. The proximate mechanisms supporting generosity are not well-understood, but several lines of research suggest ...
Human beings routinely help strangers at costs to themselves. Sometimes the help offered is generous—offering more than the other expects. The proximate mechanisms supporting generosity are not well-understood, but several lines of research suggest a role for empathy. In this study, participants were infused with 40 IU oxytocin (OT) or placebo and engaged in a blinded, one-shot decision on how to split a sum of money with a stranger that could be rejected. Those on OT were 80% more generous than those given a placebo. OT had no effect on a unilateral monetary transfer task dissociating generosity from altruism. OT and altruism together predicted almost half the interpersonal variation in generosity. Notably, OT had twofold larger impact on generosity compared to altruism. This indicates that generosity is associated with both altruism as well as an emotional identification with another person.
Generosity may be part of the human repertoire to sustain cooperative relationships [19]. Several neural mechanisms likely support generosity. OT can induce dopamine release in ventromedial regions associated with reward [52] reinforcing generosity. A recent fMRI study of donations to charities [28], showed increased activation in the subgenual region of the cingulate cortex (Brodmann area 25) when making a charitable donation compared to receiving a monetary reward
·ncbi.nlm.nih.gov·
Oxytocin Increases Generosity in Humans
Anterior cingulate reflects susceptibility to framing... : NeuroReport
Anterior cingulate reflects susceptibility to framing... : NeuroReport
neral role in behavioral adjustments. We hypothesized, therefore, that the anterior cingulate cortex is also involved in the ‘framing effect’. Our hypothesis was tested by using a binary attractiveness judgment task (‘liking’ versus ‘nonliking’) during functional magnetic resonance imaging. We found that the framing-related anterior cingulate cortex activity predicted how strongly susceptible an individual was to a biased response. Our results support the hypothesis that paralimbic processes are crucial for predicting an individual's susceptibility to framing....
We hypothesized, therefore, that the anterior cingulate cortex is also involved in the ‘framing effect’. Our hypothesis was tested by using a binary attractiveness judgment task (‘liking’ versus ‘nonliking’) during functional magnetic resonance imaging. We found that the framing-related anterior cingulate cortex activity predicted how strongly susceptible an individual was to a biased response. Our results support the hypothesis that paralimbic processes are crucial for predicting an individual's susceptibility to framing.
·journals.lww.com·
Anterior cingulate reflects susceptibility to framing... : NeuroReport
Social Decision-Making: Insights from Game Theory and Neuroscience
Social Decision-Making: Insights from Game Theory and Neuroscience
By combining the models and tasks of Game Theory with modern psychological and neuroscientific methods, the neuroeconomic approach to the study of social decision-making has the potential to extend our knowledge of brain mechanisms involved in ...
Research has already begun to illustrate how social exchange can act directly on the brain's reward system, how affective factors play an important role in bargaining and competitive games, and how the ability to assess another's intentions is related to strategic play. These findings provide a fruitful starting point for improved models of social decision-making, informed by the formal mathematical approach of economics and constrained by known neural mechanisms.
·science.org·
Social Decision-Making: Insights from Game Theory and Neuroscience
Neuroeconomics - Wikipedia
Neuroeconomics - Wikipedia
Regarding the choice of sexual partner, research studies have been conducted on humans and on nonhuman primates. Notably, Cheney & Seyfarth 1990, Deaner et al. 2005, and Hayden et al. 2007 suggest a persistent willingness to accept fewer physical goods or higher prices in return for access to socially high-ranking individuals, including physically attractive individuals, whereas increasingly high rewards are demanded if asked to relate to low-ranking individuals
While most research on decision making tends to focus on individuals making choices outside of a social context, it is also important to consider decisions that involve social interactions. The types of behavior that decision theorists study are as diverse as altruism, cooperation, punishment, and retribution. One of the most frequently utilized tasks in social decision making is the prisoner's dilemma.
·en.wikipedia.org·
Neuroeconomics - Wikipedia
Neuroeconomics - Wikipedia
Neuroeconomics - Wikipedia
Neuroeconomics is an interdisciplinary field that seeks to explain human decision making, the ability to process multiple alternatives and to follow through on a plan of action. It studies how economic behavior can shape our understanding of the brain, and how neuroscientific discoveries can guide models of economics
·en.wikipedia.org·
Neuroeconomics - Wikipedia
Differentiable function - Wikipedia
Differentiable function - Wikipedia
In mathematics, a differentiable function of one real variable is a function whose derivative exists at each point in its domain. In other words, the graph of a differentiable function has a non-vertical tangent line at each interior point in its domain. A differentiable function is smooth (the function is locally well approximated as a linear function at each interior point) and does not contain any break, angle, or cusp.
·en.wikipedia.org·
Differentiable function - Wikipedia