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You think your interests overlap. They have been carefully presented this way to extract maximum value from you over the long term.
by wolco 8y ago
You think your interests overlap. They have been carefully presented this way to extract maximum value from you over the long term.
- mindcrime 8y agoIf a transaction weren't in my interest, I wouldn't engage in it. And value isn't being extracted when parties engage in voluntary trade, it's being created. Note that this is not to say that I (or anybody else) engages in strict, robot-like, mathematical optimization of all transactions to ensure that our best interest is served down to the .00000000000001th place. We, as human beings, employ satisficing[1] for a lot of our decision making. But the fact that I buy from Amazon when I could save 50 cents by buying from Walmart instead, or that I tolerate Amazon showing me a few ads when I'm shopping, is neither here nor there. [1]: https://en.wikipedia.org/wiki/Satisficing https://en.wikipedia.org/wiki/Satisficing
- dhimes 8y agoIf a transaction weren't in my interest, I wouldn't engage in it. This is a fallacy. People often engage in transactions that aren't in their interest- believing in the moment that they are. Or said another way, there's a difference between long-term interest and short term interest, and people often don't see their long-term interest clearly. Or said still a different way, there's a big difference between happiness and pleasure, and people sometimes engage in pleasure in detriment to their happiness (roughly from the Dalai Lama). I'm not talking about the 10^(-14). I'm talking about real decisions where there is an information asymmetry. And meth.