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“Relating to society or social relations” For example, you probably don’t pick your spouse or decide to have kids based solely on their economic contributions

by bumby 4y ago

“Relating to society or social relations” For example, you probably don’t pick your spouse or decide to have kids based solely on their economic contributions to your life, but are rather trying to optimize across more dimensions, including social considerations.

eru 4y ago
Economics doesn't mind what preferences you have. Doesn't have to be about money.
- bumby 4y ago
  But maximizing economics does. That’s my point, we shouldn’t create a utility function based on just economics. We often do because it's easy and we're lazy.