bramflakes comments on Rationality Quotes February 2014 - Less Wrong

5 [deleted] 02 February 2014 01:35PM

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Comment author: bramflakes 02 February 2014 07:36:01PM 5 points [-]

They aren't equivalent. Markets have very strong self-corrective behavior that either punish poor decisions, or reward someone else who fixes the result of the poor decision. Democracy punishes poor voter decisions extremely weakly if at all, and on much longer timescales. The behavior of individual voters can be generalized to the behavior of voters en masse.