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Podcast: The Jim Rutt Show
Episode: EP 215 Cody Moser on Inequality and Innovation
Description: Jim talks with Cody Moser about the ideas and findings in his and Paul Smaldino's paper "Innovation-Facilitating Networks Create Inequality." They discuss transient diversity, group performance vs the agent level, taking an agent-based modeling approach, Derex & Boyd's group potion-mixing experiment, no free lunch theorem, random network structures, an inverse correlation between network connectivity & performance, effects of sharing intermediate results, Fisher's fundamental theorem of natural selection, measuring inequality with the Gini coefficient, higher performance in less equal networks, connected caveman networks, ring networks, Ashby's good regulator theorem, exploration vs exploitation, randomly allocating lifetime endowed academic chairs to 25-year-olds, institutional design, generative...