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by falcor84 25 days ago
Well, for better or worse, markets are becoming increasingly dominated by "non-biological utility maximizers" - mostly hft bots, but now also llm-based reasoning agents.
2 comments

Actually there’s a literature on whether llms have the standard cognitive biases, via cultural inheritance….
They're not necessarily maximising utility, just the number on the screen.
The utility monster has decided that numbers are more useful than products usable by humans.
"Ahkchually the paperclip maximizer isn't maximizing [human] utility, just a dumb metric" isn't a particularly useful observation to make in the context of the world being gradually consumed by an army of nanobots.
I'm thinking of an earlier time when computers ran on "facts and logic" and you could probably stop the machine by giving it a logical conundrum. Vibes-based systems are a lot more resistant to this, but can still be distracted.