Stuart_Armstrong comments on "All natural food" as an constrained optimisation problem - Less Wrong
You are viewing a comment permalink. View the original post to see all comments and the full post content.
You are viewing a comment permalink. View the original post to see all comments and the full post content.
Comments (64)
Ps: and even if true, there's an un priced externality there...
I don't understand why it's an externality given that nothing is stopping the supplier from providing information about the food.
You're right, "externalities" is incorrect. It's more about information and ignorance. The point being that there are hidden factors meaning we can't just compare demand, supply and prices without adjusting for it.
Then why do the suppliers are intent on lobbying that they have to provide the least amount of information that's possible?
It's a bad thing, but still not an externality.