3 ms·
Overfitted to what? If the whole point of economics in a moral sense is to get people more value, than what does the question of if person A will buy item 1 at
by Phiwise_ 4y ago
Overfitted to what? If the whole point of economics in a moral sense is to get people more value, than what does the question of if person A will buy item 1 at a higher price than person B for item 2 for better or worse reasons get the average person/company except for a distraction from their goal? Make item 1, sell it to person A, and go enjoy your more prosperity than you would have gotten for selling item 2 to person B. This proposal needs to be much more concrete to mean anything.
- nicoburns 4y agoOverfitted to the current legal context, market conditions, regulations, etc. A classic example would be a company which outcompetes its rivals by working around regulation that companies in that sector are subject to. That enables it to gain a competitive advantage within the system it's operating in, but is pessimisation rather than an optimisation when looking at the bigger picture and longer timescales.