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>And there are people who want to live in the woods without interacting with people, with 0 use of $100. And people who don't like cookies at all, etc, Whether
by learc83 6y ago
>And there are people who want to live in the woods without interacting with people, with 0 use of $100. And people who don't like cookies at all, etc,
Whether you're talking about utilitarianism or microeconomics, your utility function has to take those things into account.
If you use a statistical average model to distribute resources you'd end up with a very unhappy population.
Did you never do the experiment in school where you randomly distribute candy, calculate the class average utility score, then allow people to trade and calculate it again?
It's always much higher after trading. Trade creating value is one of the central tenets of economics, and it's based on the concept of utility heterogeneity.
- croon 6y agoWe never did, no. But could you ever do that trading if one kid in class had 95% of all the candy from the off-set? I was not advocating nor (intentionally) suggesting utilitarianism meant everything identical for everyone.
- marcosdumay 6y ago> But could you ever do that trading if one kid in class had 95% of all the candy from the off-set? Hum... Yes. That's still in economics 101. Everybody will still be better off after the trade. Also, it's very likely (but still dependent of the candy distribution) that everybody will prefer to trade with that one kid instead of everybody else.