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>No, economically speaking these are equivalent constructs. I am willing to get paid $10k to get rid of cancer, and in no scenario I would be willing to pay $1
by freediver 7y ago
>No, economically speaking these are equivalent constructs.
I am willing to get paid $10k to get rid of cancer, and in no scenario I would be willing to pay $10k to get one. It is clearly an asymmetric construct economically.
- joshuamorton 7y agoYou're misunderstanding: 17000 is the marginal value of a search engine. 10k is not the marginal value if cancer. If you find the marginal value, then you should be willing to pay that price (but no more) to trade for the thing. People are willing to pay hundreds of thousands of dollars for cancer treatment, so 10k clearly isn't the marginal value.