Comment by OtherShrezzing
1 day ago
It’s a fundamental principle of modern economics that humans are assumed to act in their own economic interests - for which they need to know how and where to be economically productive.
1 day ago
It’s a fundamental principle of modern economics that humans are assumed to act in their own economic interests - for which they need to know how and where to be economically productive.
humans are assumed to act, and some activities may generate consequences, to which a human may react somehow.
certainly there is a "survivor bias" but the rationality, long-term viability, and "economic benefit" of those activities and reactions is an open question. any judgement of "economic benefit" is arbitrary and often made in aggregate after the fact.
if humans knew how to create "economic benefit" in some fundamental and true way, game theory and most regulatory infrastructure would not exist, and i'm saying that as an anarchist.