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I don't necessarily agree with the idea, but there is an economic theory that essentially states that the market is always right given that it has perfect infor
by j_baker 17y ago
I don't necessarily agree with the idea, but there is an economic theory that essentially states that the market is always right given that it has perfect information. You can agree or disagree with that theory, but I don't think what they're saying is necessarily absurd.
- zck 17y agoEven if you hold that theory, there's an implicit limit as t->infinity. Certainly if a new keyboard that's objectively better was introduced today, by tomorrow it wouldn't have >50% marketshare.