A collection of market failures1 in science.2 If I’m missing your favorite market failure, please let me know. Contents Information Asymmetries Knowledge monopolies Mathwashing Replication Crises Poor Credit Assignment Scooping and duplicate work Author lists and contributions Citation pile-ons Public Goods Organizational inflexibility Bureaucratic Bottlenecks Taxes Administrative Burden Institutional Fees Course Teaching Requirements Small Market for Research Tools Switching Costs Graduate...| milan.cvitkovic.net
The past few days have seen a back-and-forth between Scott Alexander and Gary Marcus on the topic of AI scaling (post1, post2, post3, post4). Specifically, the debate is whether scaled-up language models in the style of GPT-3 will eventually become general intelligences, or whether we will hit some fundamental limits....| jacobbuckman.com