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0 pointsaianus6y ago0 comments

> Okay but all else is not equal, and in the real world, it is never equal. These thought experiments do nothing to improve conditions in the real world, since they are based on flawed models of how people behave.

By that logic, nothing affects anything else and we should all give up trying to think or plan.

0 comments

cryptoz6y ago

I don't agree. We know that people are not 'rational actors' that maximize personal profit at every turn, and we should not base our economics around that known false idea.

I think it is wise to produce better models with new information - not to ignore everything or to knowingly use false models. People do not - and should not - act according to those 'rational' ideas of maximum profit.

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0 pointsaianus6y ago0 comments

By that logic, nothing affects anything else and we should all give up trying to think or plan.

0 comments

cryptoz6y ago

I don't agree. We know that people are not 'rational actors' that maximize personal profit at every turn, and we should not base our economics around that known false idea.

j / k navigate · click thread line to collapse