CronoDAS comments on Three Parables of Microeconomics - LessWrong

25 Post author: jimrandomh 09 May 2014 06:18PM

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Comment author: CronoDAS 13 May 2014 04:27:53AM 6 points [-]

Re: second parable

Yeah, anything that disrupts trade can be bad for you. Alex would have the same problem if the wizard destroyed the only bridge between his land and Bertha's land.

Moral: Have a fallback plan?

Comment author: brazil84 16 May 2014 09:25:31PM 8 points [-]

Yeah, anything that disrupts trade can be bad for you.

Yes, and you can also drive yourself crazy worrying about trade disruptions. On survivalist blogs, you can read about people who spend countless hours and lots of money stocking up on canned goods; equipping mountain redoubts; and so on. I was reading about one guy who had a ranch with its own natural gas well so he could have heat and electricity after the big crash.

Moral: Have a fallback plan?

Perhaps this: Think about the risks you are facing in life and try to decide which are the biggest risks. Focus energy on preparing for and ameliorating the bigger risks.

Which is a bigger risk: (1) that you will develop cancer and die in the next 5 or 10 years? or (2) that you will be robbed and murdered by a band of nomadic savages after some great societal breakdown? So which should you put more energy into: Trying to exercise and watch what you eat; or surrounding your house with barbed wire and machine gun nests?