AI as a selective information shock: Hayek's 1945 insight predicts where AI complements vs substitutes
robleclerc · x · 2026-10-29
A paper on AI and venture capital theorizes AI as a selective information shock: it can substitute for proximity in codifiable, data-rich activities, but is more likely to complement human judgment, trust, and relational action when ventures are novel and relevant data are sparse.
Robleclerc pairs this with Hayek's 1945 "The Use of Knowledge in Society": nearly every individual possesses unique information whose beneficial use requires decisions be left to them. His takeaway: many jobs will work this way—the necessary data is only accessible directly from reality, which is where humans retain an advantage over AI.
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