Tyler Cowen

You know, 100 questions of economics, how well does a human do on them?

They're hard, but it's like pointless.

So I would not be shocked if somebody's AI model in less than three years beat human experts on a regular basis.

Let's put it that way.

I feel like Kasparov, the first time he met Deep Blue, you know, there were two matches, and the first one, Kasparov won.

And I lived through that first match.

I feel like I'm sort of in the midst of the first match right now.

But I also remember the second match.

And in the final game, you know, Kasparov made that bonehead error in the Karakhan defense.

That, too, was a human bottleneck.

And he lost the whole match.

So we'll see what the rate of change is.

I think courage is a very scarce input in a lot of decisions.

And founders, they have courage to begin with, but they also need less courage to see through a big change in what the company will do.

So Facebook, now Meta, has made quite a few big changes in its history.

So Mark had a lot of courage to begin with.

But if Mark Zuckerberg says, we're going to do this, we're going to do that, it's pretty hard for everyone else to say no in a good way.

I really like that.

So it economizes on courage, having a founder, and you're selecting for courage.

Those would be two reasons.