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A much more interesting article than the title alone alludes to (unrelated to code). See his definition of overoptimization: > My current working definition o
by DarkNova6 2y ago
A much more interesting article than the title alone alludes to (unrelated to code).
See his definition of overoptimization:
> My current working definition of overoptimization goes like this: overoptimization has occurred when the introduction of immense amounts of information into a human system produces conditions that allow for some players within that system to maximize their comparative advantage, without overtly breaking the rules, in a way that (intentional or not) creates meaningful negative social consequences. I want to argue that many human systems in the 2020s have become overoptimized in this way, and that the social ramifications are often bad
- pixl97 2y ago>without overtly breaking the rules Well, I'd add, and break the rules (Realpage). I'd say the modern system is closer to a perfect information system, but asymmetries in that system allow the players capable of raising the most capital to purchase any players that are undercapitalized. With the consolidation of players and the dependence on overcapitalization the remaining players in the market keep prices high via instantly communicated retail prices on websites. Lowering prices will most likely not gain long term customers, only short term customers feeding on the lower prices, and will likely lead to reduced profitability for that quarter.