In the autumn of 1998, a hedge fund called Long-Term Capital Management lost roughly $4.6 billion in about four months and had to be unwound by a consortium of banks assembled at the Federal Reserve's request, for fear its collapse would take the rest of Wall Street down with it. The fund's principals included two … Continue reading The Difference Between Being Tested and Being Watched
The Experiment Hanson Didn’t Know He Ran
In "Why Sheep Need Pigs in Sheepdog's Clothing," Robin Hanson asked three LLMs to score how much status, social skills, and judgment matter for influence across five domains. Judgment came back higher than his argument wanted. So he asked again. The second prompt told the models to focus on "who is selected or is influential … Continue reading The Experiment Hanson Didn’t Know He Ran
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