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I disagree. My paying someone else to do something that I don't care to is simple arbitrage: I value both having a new outlet for charging my car and the time I
by OkayPhysicist 3y ago
I disagree. My paying someone else to do something that I don't care to is simple arbitrage: I value both having a new outlet for charging my car and the time I'd spend installing one more than the electrician values the time they'd spend installing it.
I don't have to pretend to be an idiot for this transaction to be efficient. Learned helplessness is a manipulation technique used to fudge the numbers when the value gap is very small: by adding the good feeling of helping someone in need to the mark's side, you create an efficiency where none existed.