> What makes a person stupid? If I have a friend who squanders their money while I save and build up wealth, are they stupid?
By the definition of the article, they're likely "helpless" actually.
A stupid person, by the definition of the article, is somebody who manages to consistently destroy gains in most situations. They either hurt the opponent without any gain to themselves, or hurt the opponent while simultaneously hurting themselves.
I think the "colloquial" use of the word "stupid" lines up to the definition of "Helpless" in this article. "Helpless" people hurt themselves while the opponent typically takes advantage of them.
> Are slow readers stupid? What if they invent a product or start a business that makes them a lot of money?
That makes them either a Bandit (someone who is taking money from other people without giving much in return), or Intelligent (someone who manages to take money but do so in such a way to benefit the opponent).
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This "stupid" article is all about four different kinds of people:
1. Intelligent people -- Both sides of a transaction benefit.
2. Bandits -- They benefit, the opponent loses.
3. Helpless -- They tend to lose, while the opponent benefits.
4. Stupid -- Both sides lose, somehow.
The article suggests that most people are either a Bandit or are Helpless... and furthermore, that a good system needs to be designed to consider the effects of "Stupid" people who manage to screw both themselves AND opponents over.
By the definition of the article, they're likely "helpless" actually.
A stupid person, by the definition of the article, is somebody who manages to consistently destroy gains in most situations. They either hurt the opponent without any gain to themselves, or hurt the opponent while simultaneously hurting themselves.
I think the "colloquial" use of the word "stupid" lines up to the definition of "Helpless" in this article. "Helpless" people hurt themselves while the opponent typically takes advantage of them.
> Are slow readers stupid? What if they invent a product or start a business that makes them a lot of money?
That makes them either a Bandit (someone who is taking money from other people without giving much in return), or Intelligent (someone who manages to take money but do so in such a way to benefit the opponent).
---------------
This "stupid" article is all about four different kinds of people:
1. Intelligent people -- Both sides of a transaction benefit.
2. Bandits -- They benefit, the opponent loses.
3. Helpless -- They tend to lose, while the opponent benefits.
4. Stupid -- Both sides lose, somehow.
The article suggests that most people are either a Bandit or are Helpless... and furthermore, that a good system needs to be designed to consider the effects of "Stupid" people who manage to screw both themselves AND opponents over.