assuming the typical "spherical market in a vacuum where the agents are maximally rational non-biological utility maximizers"

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falcor84 an hour ago | parent [-]

Well, for better or worse, markets are becoming increasingly dominated by "non-biological utility maximizers" - mostly hft bots, but now also llm-based reasoning agents.

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dash2 21 minutes ago | parent | next [-]

Actually there’s a literature on whether llms have the standard cognitive biases, via cultural inheritance….

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HPsquared 29 minutes ago | parent | prev [-]

They're not necessarily maximising utility, just the number on the screen.

	▲	pixl97 5 minutes ago \| parent [-]
		The utility monster has decided that numbers are more useful than products usable by humans.