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I'm not buying or selling here, but you need to draw the distinction between a system designed to optimize extremes, and one that optimizes the median. If you d
by jessedhillon 9y ago
I'm not buying or selling here, but you need to draw the distinction between a system designed to optimize extremes, and one that optimizes the median. If you don't, then you're basically comparing minimum wage to average housing prices, i.e. incomparables. It's up to you to argue which is the better one to optimize, but if you just assume that everyone is on board with median maximization, you're going to be talking past a lot of people.