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First, existing structures are evolved organisms built by people trying to satisfy their social goals.
Book Review: Seeing Like a State
slatestarcodex.com
Ask Jeeves launched in 1997, and the idea was that you’d type a natural-language query into the box, and the valet would come back with an answer. (Jeeves is named for P.G. Wodehouse’s famous character, a near-omniscient man with a “feudal spirit.” Disclosure: my cat is also named for this character.) It was popular until Google Search entered the scene — an engine with a better ability to crawl the web, among its other strengths.
The Ask Jeeves-Ification of Online Search
Elizabeth Lopatto
The rationale: Investors will buy a series of one-month Treasury bills instead of a bond that matures years from now if they think that will produce a better return. If this pushes the longer-dated bond’s yield too high, buyers will emerge so that the yield settles around a consensus for what rates will average over the bond’s lifespan.
Wall Street’s Latest Obsession Is an Unknowable Number
wsj.com
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