Convex payoffs — small downside, large upside — are not just a financial concept. They describe a class of decisions that are structurally different from the ones most people make most of the time. What follows from applying this lens to how we organize collective life?
The internet was never designed for truth. It was designed for transmission. What happens to knowledge, identity, and trust when the default state of the network is indistinguishable noise?
Game theory has a clean answer to "what is the optimal move." The harder question is what you are optimizing for — and whether you have correctly identified the game.