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The coastline paradox is actually a great example. You can never price in all externalities, but you sure as hell can improve your pricing of externalities fro
by RC_ITR 4y ago
The coastline paradox is actually a great example.
You can never price in all externalities, but you sure as hell can improve your pricing of externalities from what it is (in the same way a 1km resolution of coastline is better than a 100,000km resolution)