3 ms·
> because each party values the thing they are receiving more than the thing they are giving away. We're not disagreeing. I think I could have been imprecise
by dnautics 6y ago
> because each party values the thing they are receiving more than the thing they are giving away.
We're not disagreeing. I think I could have been imprecise. It seems a lot of arguments made by economists who should know better quietly use models which which effectively ignore the "most basic assumption" or average it out, which is a nonsensical operation.