Re:Hotels turn to robots and room cleanings every 4 days to ...
by TeMPOraL on Thursday December 22, 2022 @11:18AM
(#34094954)
> But if you’re not as wealthy, saving money might be more valuable to you than having a room cleaned daily, or having a really nice tv, or a great mattress, etc.
And perhaps saving money might be even more valuable to you than <what you wrote above, but every "or" being progressively replaced with an "and">!
> Regulation involves a group of people picking one point on a trade off curve for everyone. Branding and reputation systems allow for multiple different spots on that reputation curve.
Yes, but that "one point on a trade off curve for everyone" works as a backstop against inevitable slide downwards. If globalization of trade and e-commerce taught us anything, reputation systems are trivially gamed, most branding exists primarily to fool people who still think it means something into spending more for less.
Even without talking about potential fraud, market competition naturally turns into race to the bottom. Regulation is what sets that bottom higher than "absolute worst possible before the market segment self-destructs".
And perhaps saving money might be even more valuable to you than <what you wrote above, but every "or" being progressively replaced with an "and">!
> Regulation involves a group of people picking one point on a trade off curve for everyone. Branding and reputation systems allow for multiple different spots on that reputation curve.
Yes, but that "one point on a trade off curve for everyone" works as a backstop against inevitable slide downwards. If globalization of trade and e-commerce taught us anything, reputation systems are trivially gamed, most branding exists primarily to fool people who still think it means something into spending more for less.
Even without talking about potential fraud, market competition naturally turns into race to the bottom. Regulation is what sets that bottom higher than "absolute worst possible before the market segment self-destructs".