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If Uber had solved the economic calculation problem their algorithm wouldn't need to change prices in response to increasing demand -- that's the very argument
by UncleEntity 9y ago
If Uber had solved the economic calculation problem their algorithm wouldn't need to change prices in response to increasing demand -- that's the very argument of ECP, that without information conveyed through prices it is impossible to efficiently allocate resources.
Let's say you have two uber customers at 1am on a Saturday night and one available car, A needs to get to work or they lose their minimum wage job and B is a young professional out drinking with friends who just got a text for a booty call. Which do you suppose is going to get the ride according to uber's "solution" to the economic calculation problem?
Though I would like the see the actual argument other that "some dude on twitter said".