Re:Alchian–Allen effect
by shitgoose on Tuesday November 13, 2018 @01:43PM
(#18443555)
"Theorems live inside theories" - sorry, didn't get that.
axioms:
* given same price, consumer goes for higher grade product.
* as relative price difference decreases, some consumers start going for higher grade product.
* rules of arithmetic.
in any case, it seems that we have appreciation for different things. you prefer detailed verbosity, i prefer a simple idea that can be easily understood.
great and profound ideas are not necessarily complex, many of them are quite simple. let's keep them that way.
axioms: * given same price, consumer goes for higher grade product. * as relative price difference decreases, some consumers start going for higher grade product. * rules of arithmetic.
in any case, it seems that we have appreciation for different things. you prefer detailed verbosity, i prefer a simple idea that can be easily understood.
great and profound ideas are not necessarily complex, many of them are quite simple. let's keep them that way.