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Actually it's unknown whether it's the rational thing to do. It is only rational given a narrowly defined self interested actor making the choice, but that act
by gress 12y ago
Actually it's unknown whether it's the rational thing to do. It is only rational given a narrowly defined self interested actor making the choice, but that actor cannot know whether they are participating in a tragedy of the commons situation and undermining the overall environment (of employable people) in which they must grow and function.
The fact that selfish actors can sometimes do more harm than good in the pursuit of their interests is the reason we have regulation.
- zAy0LfpBZLC8mAC 12y agoThanks for writing it down, I couldn't be bothered ;-) And not only could the particular actor destroy their own environment of empoyable people in the long term, they also through some bad luck could get into a position where they themselves end up in the role of the (un)employable people, which also might make it "long term rational" to hedge against that by supporting a different culture. So, yeah, I meant only that self-interested actor with a particularly short time horizon.