Re:The Guy I Almost Was (1998)
by RangerScience on Monday December 28, 2020 @01:45PM
(#25561892)
> The market
It is known that the FSP is holy, for it shall cure all our ails with nary a lift of our clicky fingers. /snark.
The market is us. We will adjust wages if people are behaving rationally - but people don't. The market isn't some external, independently existing force; it's observations about our collective actions. We're the market. It's weird (to me) every time that term is used that way.
> it isn't rational behavior
Of course not, people aren't rational, but even if they were, you'd still be (generally) incorrect. People coming to decisions that are against your expectations is much more commonly about your lack of visibility into other forces and information than it is about their cognitive processing.
It is known that the FSP is holy, for it shall cure all our ails with nary a lift of our clicky fingers. /snark.
The market is us. We will adjust wages if people are behaving rationally - but people don't. The market isn't some external, independently existing force; it's observations about our collective actions. We're the market. It's weird (to me) every time that term is used that way.
> it isn't rational behavior
Of course not, people aren't rational, but even if they were, you'd still be (generally) incorrect. People coming to decisions that are against your expectations is much more commonly about your lack of visibility into other forces and information than it is about their cognitive processing.