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realitygrill comments on Open Thread June 2010, Part 3 - Less Wrong
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There could be indirect consequences of the decision in question, resulting from counter-intuitive effects on the existing economic process, on lives of other people not directly involved in the decision. The relevant question is about estimate of those indirect consequences. However imprecise economic indicators are, you can't just replace them with presumption of total lack of consequences, and only consider the obvious.
I didn't ignore the indirect consequences:
To the extent that the indirect effects go beyond this, standard mainstream metrics in economics don't measure them, because they are essentially independent of how well off others have become as a result of these rental decisions.
Well, maybe there are no such consequences (which is not obvious to me), but that's what I meant.