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> Pareto efficiency exists. > Information symmetry exists. > People are rational actors. Programmers? Aren't they the falsehoods an ideal theoretical economi
by segfaultbuserr 8y ago
> Pareto efficiency exists.
> Information symmetry exists.
> People are rational actors.
Programmers? Aren't they the falsehoods an ideal theoretical economic model believes about the economy?
- whatshisface 8y agoPerhaps you could call them, "common misconceptions about economics," but even then it seems a bit subjective. Now that the falsehoods meme has moved past business logic details, I'm waiting for "falsehoods programmers believe about the Republican/Democrat party platform." ;)
- qubex 8y agoInformation symmetry most definitely does exist insofar as there are situations one can contrive where both parties are equally informed. Therefore it cannot be ruled out tout court by fiat.
- dragonwriter 8y agoNo, economic models don't have beliefs. People, including programmers, have beliefs, which may include the belief that reality conforms to a particular economic model.