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This is a nice story and makes rational sense. But the world is rarely rational, and I doubt that price signals behave any where near as logically or predictabl
by simon_000666 5y ago
This is a nice story and makes rational sense. But the world is rarely rational, and I doubt that price signals behave any where near as logically or predictably as the author implies during the article. It reminded me of the classic ‘beer distribution game’ referenced in Peter Senge’s - The fifth discipline of how delayed feedback loops in supply chains can amplify or mute signals traveling back through layers of producers due to lack of shared context and understanding.