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Old 09-11-2007, 04:40 PM
Jamougha Jamougha is offline
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Join Date: Oct 2005
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Default Re: The Tipping Point + Freakonomics re: crime

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Assuming that people have qualities like compassion, decency, solidarity, self-sacrifice, etc. is not treating them like idiots.

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why is it so hard for people to understand that care for other people's utility can simply and easily be factored into your own utility? you don't have to treat them separately.

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In principle it can, in practise it is not in normative economics, and creating mathematical models where it is is a massive challenge.

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no semantics arguments in OOT for me. (he said irrational behavior not incomplete models).

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His post implied 'irrational' in the economic sense, which typically means contrary to the concept of rationality presented in normative economics. If that was not his intention then I misunderstood, though I probably still disagree. [img]/images/graemlins/grin.gif[/img]
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