Re: Work or Pay Systems | <– Date –> <– Thread –> |
From: Brian Bartholomew (bbstat.ufl.edu) | |
Date: Thu, 31 Jul 2008 23:06:37 -0700 (PDT) |
> while markets (talking classical economics here), to function well > assume buyers and sellers do not know each other over time (because > familiarity breeds preferences, and other sorts of"inefficiencies" > in pricing mechanisms). Wait a minute. That would seem to suggest that everyone participates in those Nigerian money transfer schemes they get as spam. The terms are fantastic, and the parties know nothing about each other. > communities are predicated on long-term relationships (what happens > when people expect to know each other over time) The game theories have the "nicest" results when all parties believe the game will go on forever. I buy certain brands at the grocery because I have a history of satisfaction with those brands. I'm not saying I have a human social relationship with Nabisco, but they have given me reason to believe their next box of crackers will taste as I expect. That familiarity and those preferences produce efficiency while shopping. Brian
- Re: Work or Pay Systems, (continued)
- Re: Work or Pay Systems Tim Mensch, July 31 2008
- Re: Work or Pay Systems Joanie Connors, July 31 2008
- Re: Work or Pay Systems Racheli Gai, July 31 2008
- Re: Work or Pay Systems Raines Cohen, July 31 2008
- Re: Work or Pay Systems Brian Bartholomew, July 31 2008
- Re: Work or Pay Systems Sharon Villines, August 1 2008
- Re: Work or Pay Systems Tim Mensch, August 1 2008
- Re: Work or Pay Systems Brian Bartholomew, August 3 2008
- Re: Work or Pay Systems Sharon Villines, August 3 2008
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