This anecdote illustrates my intuition that Hanson is wrong in his (fun for him because it's contrarian?) claim that relatively undiversified entrepreunership is rational for the individual:
I intuitively favor what I think are the more conventional views that a level of diversification which excedes most forms of entrepreneurship is a more rational approach to wealth-building for individuals, even though high levels of (individually irrational) entrepreneurship is a more rational approach to wealth-building for a society.
This anecdote illustrates my intuition that Hanson is wrong in his (fun for him because it's contrarian?) claim that relatively undiversified entrepreunership is rational for the individual:
http://andrewsullivan.theat...
I intuitively favor what I think are the more conventional views that a level of diversification which excedes most forms of entrepreneurship is a more rational approach to wealth-building for individuals, even though high levels of (individually irrational) entrepreneurship is a more rational approach to wealth-building for a society.
A fun critique of Wolfram's book by someone who appears to be an expert on CA
http://www.cscs.umich.edu/~...