[Link] Why don't people like markets?

GLaDOS

An interesting piece with speculation on possible reasons for why people seem to be biased against markets. To summarize:

Market processes are not visible. For instance, when a government taxes its citizens and offers a subsidy to some producers, what is seen is the money taken and the money received. What is unseen is the amount of production that would occur in the absence of such transfers.
Markets are intrinsically probabilistic and therefore marked with uncertainty, like other living organisms, we are loss-averse and try to minimise uncertainty
Humans may be motivated to place their trust in processes that are (or at least seem to be) driven by agents rather than impersonal factors.

The last point reminded me of speculation from the recent LessWrong article Conspiracy Theories as Agency Fictions:

Do all theories of legitimacy also perhaps rest on the same cognitive failings that conspiracy theories do? The difference between a shadowy cabal we need to get rid of and an institution worthy of respect may be just some bad luck.

Before thinking about these points and debating them I strongly recommend you read the full article.

An interesting piece with speculation on possible reasons for why people seem to be biased against markets. To summarize:

Market processes are not visible. For instance, when a government taxes its citizens and offers a subsidy to some producers, what is seen is the money taken and the money received. What is unseen is the amount of production that would occur in the absence of such transfers.
Markets are intrinsically probabilistic and therefore marked with uncertainty, like other living organisms, we are loss-averse and try to minimise uncertainty
Humans may be motivated to place their trust in processes that are (or at least seem to be) driven by agents rather than impersonal factors.

The last point reminded me of speculation from the recent LessWrong article Conspiracy Theories as Agency Fictions:

Do all theories of legitimacy also perhaps rest on the same cognitive failings that conspiracy theories do? The difference between a shadowy cabal we need to get rid of and an institution worthy of respect may be just some bad luck.

Before thinking about these points and debating them I strongly recommend you read the full article.

Downvoting this as too political

O.o

Downvoting your comment.

I think you need to reread this article. It doesn't go as far as you seem to think it does. I very much dobut many people on LessWrong are mindkilled by talking about markets. I mean seriously we talk economics and cognitive bias with potential political implications all the time. Indeed it would be impossible to do otherwise.

I'm not saying that I think Overcoming Bias should be apolitical, or even that we should adopt Wikipedia's ideal of the Neutral Point of View. But try to resist getting in those good, solid digs if you can possibly avoid it. If your topic legitimately relates to attempts to ban evolution in school curricula, then go ahead and talk about it—but don't blame it explicitly on the whole Republican Party; some of your readers may be Republicans, and they may feel that the problem is a few rogues, not the entire party. As with Wikipedia's NPOV, it doesn't matter whether (you think) the Republican Party really is at fault. It's just better for the spiritual growth of the community to discuss the issue without invoking color politics.

(Now that I've been named as a co-moderator, I guess I'd better include a disclaimer: This article is my personal opinion, not a statement of official Overcoming Bias policy. This will always be the case unless explicitly specified otherwise.)

Looking at some of the comments citing politics as the mindkiller and comparing it to the article Eliezer wrote, this norm has clearly mutated beyond reason. It has now been applied to everything from biology, sociology, sexuality and even recently to religion.

There needs to be some counter push to this norm creep.

I wouldn't have thought this to be a mindkilling subject, but I am seeing evidence of it.

3Will_Newsome14y

Biology, sociology, sexuality, and religion are near-completely dominated by political thinking, especially religion which is basically the same thing as politics. (E.g., I have serious doubts about the standard Darwinian account of complex adaptations, but I can't talk about those doubts for the same reasons I can't talk about my opinions on climate science.) Given what I've seen of your comments I'd have thought this would be obvious to you. LessWrong doesn't seem to recognize it. I don't care whether anti-politics norms are praised or demonized, but I do wish they were applied reflectively and consistently in any case.

2Nornagest14y

The fact that "Politics is the Mind-Killer" doesn't call for a blanket ban on political discussion doesn't mean that a community norm against nonessential political discussion is necessarily a bad idea. Now, I would say that roystgnr's jumping the gun a bit here -- the OP's tied pretty closely to heuristics and biases research, and avoids explicit color politics -- but I'd rather we engage the norm on its own terms rather than in terms of its relation to Eliezer's post. After all, we're hardly bound to take Eliezer's word as gospel.

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[Link] Why don't people like markets?

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[Link] Why don't people like markets?

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