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Not sure about the whole sensible-topic thing, but: I think the reason why our parents opinion is unpopular is because people usually account for diminishing m

by fwn 8y ago

Not sure about the whole sensible-topic thing, but: I think the reason why our parents opinion is unpopular is because people usually account for diminishing marginal returns by acknowledging that the loss of utility one person experiences paying 1 is greater than the summed up loss of utility of two people paying 0.5 each, even if all three people are equal. I think you're right in making clear that not paying what you owe doesn't need to be ones fault and can happen through inability, bad luck, etc. Reputation, however, doesn't imply fault. Bad luck is evenly distributed and inability should be reflected in reputation to work as intended. Regarding the policies you list: I think enforcing some responsibility regarding loans is a good thing, but: The idea that there's a central, state run individualized debt database does not sound like a particularly great idea (thinking of system resilience, surveillance and potential leakage).

markvdb 8y ago
Thank you for your comment. "I think the reason why our parents opinion is unpopular is because people usually account for diminishing marginal returns by acknowledging that the loss of utility one person experiences paying 1 is greater than the summed up loss of utility of two people paying 0.5 each, even if all three people are equal." This sounds like an interesting comment, but I'm not sure I understand you 100% right. Could you please elaborate? "Reputation, however, doesn't imply fault. Bad luck is evenly distributed and inability should be reflected in reputation to work as intended." Totally agree. "The idea that there's a central, state run individualized debt database does not sound like a particularly great idea (thinking of system resilience, surveillance and potential leakage)." You certainly have a point there. Of course, then the question becomes how to better reconcile system resilience, protection from surveillance and leakage. Any suggestions?

by fwn 8y ago

markvdb 8y ago

Thank you for your comment. "I think the reason why our parents opinion is unpopular is because people usually account for diminishing marginal returns by acknowledging that the loss of utility one person experiences paying 1 is greater than the summed up loss of utility of two people paying 0.5 each, even if all three people are equal." This sounds like an interesting comment, but I'm not sure I understand you 100% right. Could you please elaborate? "Reputation, however, doesn't imply fault. Bad luck is evenly distributed and inability should be reflected in reputation to work as intended." Totally agree. "The idea that there's a central, state run individualized debt database does not sound like a particularly great idea (thinking of system resilience, surveillance and potential leakage)." You certainly have a point there. Of course, then the question becomes how to better reconcile system resilience, protection from surveillance and leakage. Any suggestions?