Vladimir_Nesov comments on Mandating Information Disclosure vs. Banning Deceptive Contract Terms - Less Wrong

21 Post author: David_J_Balan 20 December 2009 08:55PM

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Comment author: magfrump 21 December 2009 02:27:32AM 1 point [-]

my P(advertisers are aware they are exploiting people) is very high, and my Expected Value of people not being exploited is similarly high.

My Expected Value of not being paternalistic is relatively low, especially since the FTC has some knowledge specialty, so their being founded could be taken as a mutually beneficial contract with average people to help the average people avoid exploitation.

Comment author: Vladimir_Nesov 21 December 2009 02:44:21AM 0 points [-]

my P(advertisers are aware they are exploiting people) is very high, and my Expected Value of people not being exploited is similarly high.

My P(obfuscatory terminology helps) begs to differ.