Stuart_Armstrong comments on "All natural food" as an constrained optimisation problem - Less Wrong

10 Post author: Stuart_Armstrong 28 July 2014 05:57PM

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Comment author: Stuart_Armstrong 29 July 2014 09:18:19AM *  1 point [-]

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.