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"Think about it. How do you benefit from someone else spending your money for you?" What is convenient and rational for an agent from the perspective of that a
by RobertoG 11y ago
"Think about it. How do you benefit from someone else spending your money for you?"
What is convenient and rational for an agent from the perspective of that agent could be not the more convenient action if all the other agents in the “game” take the same action at the same time.
In a sense, this is the root of the separation between microeconomics and macroeconomics.
In other words, you can benefit from somebody thinking with a global perspective. Of course, finding the incentives for that is a hard problem.
- sillygeese 11y agoWhat is this I can't even.. But in case it helps, let's make this a bit more accurate: How do you benefit from someone forcefully taking your money from you and then spending it for you? (Hint: If you actually did benefit, they wouldn't have to take your money by force - you'd be happy to hand it over!)