3 ms·
>If greed is the primary mechanism for increased costs, then why do costs ever go down? Greedy people lose their influence and ability to call the shots as a r
by hollerith 3y ago
>If greed is the primary mechanism for increased costs, then why do costs ever go down?
Greedy people lose their influence and ability to call the shots as a result of popular outrage, which in turn is a result of comments on HN and other forums complaining about greed :)
- renewiltord 3y agoThat's actually already a better framework because it now explains price variation not with greed but with political and market dynamics. You posit some greedy people and posit that whether price goes up or down is no longer due to their greed but due to their market power. It is better because it is falsifiable. I think if you took this pattern of modeling and used a modern LLM as a Socratic teacher you would rederive a model of pricing that is more closely aligned with reality. Ultimately, this is all very well-trod ground coming from the tradition of Popper and friends.
- hollerith 3y agoI was being sarcastic.
- renewiltord 3y agoI know :)