Trade is only valuable if you have non-infinite time and different abilities than the entity you trade with.
- Trade is only valuable if you have non-infinite time and different abilities than the entity you trade with.
- These are trivially, obviously true in real world situations, so we never noticed that "trade is good" is downstream of these assumptions.
- But for LLMs these assumptions don't obviously hold.
- LLMs have infinite patience.
- Agents that use the same model also have precisely the same capabilities.
- This calculus does change if agents start storing individual state.
- One LLM, just by dint of experience, could start storing useful state that gives it a comparative advantage.
- That comparative advantage could then compound over time.
- But there'd have to be state.