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And yet the distinction is semantically important. I hate it when economists phrase missed opportunities as losses.
by eximius 8y ago
And yet the distinction is semantically important. I hate it when economists phrase missed opportunities as losses.
- TremendousJudge 8y agothese are journalists, not economists
- jandrese 8y agoAlthough IMHO that particular terminology leads to poisonous thinking in Economics. People start obsessing about missed opportunities because they are a loss, like that guy stole your opportunity away because he got there first.