Comment by fancyfredbot
13 hours ago
It's a pun on "efficient markets hypothesis".
The efficient markets hypothesis says the market prices incorporate all available information and there's no such thing as a cheap stock, so there's no easy money to be made by trading.
The math equivalent is presumably that all easy problems have been solved and all open problems should be very very hard. This has turned out not to be the case as LLMs have found simple counterexamples to long held conjectures.
They're the same thing; knowledge markets are markets.
Not really, the incentives for each are not binary values. There are bounties on the 10 millennium problems (that haven't been increased in 25 years), but there isn't much motivation beyond that. You get some street cred and your name in a prestigious journal. That's not-nothing but can't hold a candle to the potential fortunes of the market.
> There are bounties on the 10 millennium problems (that haven't been increased in 25 years) ...
Strictly speaking, if you constructively prove P=NP and the solver has reasonable time complexity, e.g. quadratic, it could make you incredibly rich. If you don't attract the wrong kind of attention from the world's intelligence agencies first...
i think you have no idea what you're saying...
> That's not-nothing but can't hold a candle to the potential fortunes of the market.
a market is where things are sold and bought. there are lots of markets which aren't as well capitalized as financial markets - your local farmer's market doesn't "hold a candle to the potential fortunes of the market" but it's still a market (and presumably the efficient market hypothesis still applies).