Earlier quoted context omitted.
> patio11’s post “The optimal amount of fraud is non zero”. Thanks, I just skimmed this post. It seems to me that "optimal" is substituting for "cost effective". The optimal amount of fraud is always zero, it's just not cost effective given the existence of people willing to go to lengths to commit fraud. > Can YouTube squeeze more money from ads by doing this? The third option is that this would incentivize a portio…
Cost effective in a way. A more precise thing to say might be that the Nash equilibrium of the system contains a non zero amount of fraud. Or that fraud is an evolutionarily stable strategy within the environment.
I like this take on it.