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Actions should be judged by their consequences. Size of the resource collected impacts the impact of the consequence.
by MiroF 6y ago
Actions should be judged by their consequences. Size of the resource collected impacts the impact of the consequence.
- sooheon 6y ago> Actions should be judged by their consequences I agree, we just have different perspectives on which consequences are relevant, and on which timescales. Optimizing for "size of resource collected" at time 0 affects the system and each agent's incentives within that system, usually leading to the kind of adversarial loophole-chasing/closing we see with income tax and tax havens. Optimizing for economically sound incentives will lead to higher "impact" (by my definition, reduction of externalities, inefficiency, and inequality) in the long run for a dynamic system, imho.