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The correctness of that conjecture depends on what you're averaging over. For example, racism and sexism. Those apparently can persist in the workplace, on av
by xapata 6y ago
The correctness of that conjecture depends on what you're averaging over. For example, racism and sexism. Those apparently can persist in the workplace, on average, despite the drag on profits. However, I'd agree that for the average topic, the market does a pretty good job of optimizing behavior.
- clairity 6y agothat's more of a frame of reference issue though. in cases like racism/sexism, available profits on average do accrue to the people wielding power for that purpose, whether it's good for profits overall.