Hacker News new | ask | show | jobs
by mwint 1083 days ago
Relevant: Bits About Money, The optimal amount of fraud is non-zero: https://www.bitsaboutmoney.com/archive/optimal-amount-of-fra...
2 comments

The title doesn’t generalize to “the optimal illegal ad spend at sanctioned websites and countries is non-zero”.

They’re running EU ads on household-name Russian government propaganda sites in the middle of a war. Manual curation of a block list should’ve caught that!

Is there a block list of every Russian propaganda site in existence? Who maintains such a list? Or should Google have to manually review every website every day to check if it is part of that set?
They're some of the biggest ones, and easily discernable by the most cursory glances. Are you trying to say that their efforts will catch more hidden ones but not the obvious ones? If they can't even get the easy ones, why do you think they get any of them?
Relevant that this is an opinion piece, not a study.
It's not an opinion piece or a study, it's a pretty straightforward application of the law of diminishing returns. It doesn't matter if you're talking about fraud or uptime or test scores, the cost of a 100% success rate is almost never worth the extra effort it takes to get there.
The law of diminishing returns is not natural law - it is just an observation of something that happens in practice but not always. E.g., people often choose to spend time and treasure treating an incurable cancer or send the Coast Guard to search for five people in a submersible.

Patio11's soundbite as often shared puts the cart before the horse.

He says that the "optimal amount of fraud is non-zero" as if allowing some fraud is necessary for society to function. But what he actually means is that since not all fraud is prosecuted and prevented, allowing some fraud is just the price we pay for actually getting things done.

Take the analogy of food processing. It is accepted that some small percentage of ground coffee will be insect or rodent remains and their feces. It's not like making ground coffee requires animal remains and feces.

I read Patio11's soundbite to mean that ground coffee requires animal remains and feces.

You keep calling it a soundbite—did you actually read the article, or just the title? It doesn't sound like you actually disagree with him.

> The law of diminishing returns is not natural law - it is just an observation of something that happens in practice but not always. E.g., people often choose to spend time and treasure treating an incurable cancer or send the Coast Guard to search for five people in a submersible.

Most of the time we choose to value human life at approximately infinity (especially our own lives!). When one side of the equation is near-infinite, it makes sense to keep going long after the curve has begun to flatten, but that doesn't prove that returns don't diminish, just that the value of the goal is extremely high.

Diminishing returns isn't a natural law in its own right, but it's the direct result of natural laws. It has its parallels in half lives, in the inverse square law, and in basic probability theory. While the probability of something is high, it's easy to find and eliminate because random chance is on your side. When it becomes lower, random chance starts to work against you.

> don’t disagree with him

You should (re)read my comparison of Patio11’s framing of our acceptance some amount of fraud with our acceptance of some amount of animal remains in coffee. It couldn’t be more obvious that I don’t agree with his framing.

Also, Patio11 himself says this quote ended up on the cutting room floor and treats it as a catchy sound bite in his article. Which is to say I did read the article and not just the headline…

Do you think the tradeoffs discussed in that article are unproven?
The tradeoffs are not unproven but the soundbite suggests that the tradeoffs are a necessary precondition. That's the crux of my issue with the soundbite.
So the tradeoffs are proven, but not necessary?
The trade offs happen but they aren’t the reason to say “the optimal amount of fraud is non zero”.

The correct framing is “since we accept some fraud, the optimal amount of fraud must be non-zero”.

As written, it sounds like society can only function if there is some amount of fraud.

I gave this analogy to a sibling comment of yours. Maybe it will help clarify my point. We accept some adulteration (let’s say it is 2% for conversation sake) in coffee. That’s not the same as “the optimal purity of coffee is 98%”. The optimal purity of coffee is 100% but since we can’t guarantee that some not-coffee stuff has mixed in with coffee, we live with 98%.

This is somewhat pedantic. With this logic, you could say that the purpose of a car is to get somewhere, and therefore the optimal speed is c.

But that would be a completely useless thing to say, because we can’t get your Camry to c. There is a whole system of tradeoffs that we all know exists.

Google could easily lower ”bad things” to 0 by shutting down tomorrow. The government could easily eliminate racism by nuking everyone. None of those are interesting or intellectually stimulating discussions.

“Optimal” is different than “perfect”. Everyone else here is talking about it from a system view.