‘Working memory’ is strongly associated with consciousness: not because ‘that is a place where the light of consciousness shines brightly’, but because the inhibitory effort required to keep tight control of internal events creates the kind of intense, corralled activation that is associated with the appearance of consciousness.#
Institutions in economics are commonly modeled as repeated games, and strategies in repeated games are modeled as algorithms. Algorithms are explicit sequences of instructions that map from an input to an output. But in a world of open-ended affordances, Goodhart’s law implies no finite-length algorithm can maintain cooperation in large . . .