Re:The Right Not to Be Subjected to AI Profiling Based on Pu...
by fsckboy on Thursday June 06, 2024 @02:19PM
(#40600650)
Elon is correct.
So-called "induced demand" is just a dumbing down of the more fundamental notion of supply and demand, for people who aren't comfortable thinking about math, calculus, dynamic equilibria, etc. If you read the wikipedia article on it, you'll see they constantly describe it in terms of supply and demand. The term was originally "defined" in 1999 in a paper that was not written by economists. It's not an economics term.
in terms of transportation planning, a better way to think about it is, "misery distributes itself throughout the system".
So-called "induced demand" is just a dumbing down of the more fundamental notion of supply and demand, for people who aren't comfortable thinking about math, calculus, dynamic equilibria, etc. If you read the wikipedia article on it, you'll see they constantly describe it in terms of supply and demand. The term was originally "defined" in 1999 in a paper that was not written by economists. It's not an economics term.
in terms of transportation planning, a better way to think about it is, "misery distributes itself throughout the system".