7 ms·
That's decently accurate. We're all doing what's in our best interest, in the role that we play in that time. In general - I want to give people who don't know
by Alex_MJ 12y ago
That's decently accurate. We're all doing what's in our best interest, in the role that we play in that time.
In general - I want to give people who don't know me personally (and especially people trying to sell me anything) less power to catch my attention and pull at my impulses, not more.
- Tloewald 12y agoThere's a ton of evidence we aren't doing what's in our best interest at minimum a significant minority of the time. In any event, the claim of economics isn't that people act in their best interest, but that they try to maximize happiness* -- whatever that is (it's rather recursively defined -- happiness is produced by voluntary transactions, which in turn are voluntary because both parties believe that the exchange will make them happier). * or whatever it is makes transactions pareto optimal. Meanwhile, behavioral economists have shown humans aren't even great at pursuing happiness; perhaps they have reached their high water mark, but they're certainly not completely wrong.