So what if I don't create myself? It doesn't follow that once created I don't have free will.Ok but since you don't create yourself, even the actions that are caused by this impulse are ultimately caused by something you have not created. I don't argue against compatibilist free will but against libertarian free will. The concept of libertarian free will, whether articulated or just felt, is the principal driving force of individualism because it ascribes to the individual ultimate control (and responsibility) for his actions. — litewave
Well, actually, the individual does have a very large degree of control over his actions. What he doesn't have as much control over is his pool of possible choices. But within that pool of possible choices, he does have control. In practice, this means that he has control over virtually all his actions.The concept of libertarian free will, whether articulated or just felt, is the principal driving force of individualism because it ascribes to the individual ultimate control (and responsibility) for his actions. — litewave
:s Maybe that "impulse" is just who I am. I am part of the causal chain afterall. Determinism and free will are not incompatible.But you can't freely create that impulse - or even if you can, you need another impulse to create it, etc. — litewave
I see, yeah, at the time I left there was basically no "urgent care", except running to the pharmacy and figuring it out yourself with the pharmacist, or calling the ambulance, or waiting like 2 weeks for an appointment.Many hospitals in the US have walk-in urgent care clinics. "Urgent care" is a couple of steps below emergency room care; however, since it is in the hospital a patient can be diverted from urgent to ER care easily. — Bitter Crank
In the UK it was all free, and the private ones were just exorbitantly expensive, and really not affordable, nor worth it.All that helps avoid the higher charge and maybe longer wait to see a doctor in clinic. — Bitter Crank
Generally, I do go for just any doctor anyways, I'm personally not very fussy about doctors :PBut the U of Minnesota medical service offers same day clinic appointments with a doctor -- probably not the doctor you want to see, but... can't have everything. — Bitter Crank
Riiight, well apart from the nonsense you're speaking with regards to free will, I pretty much agree with everything else about helping the unlucky ones who cannot help themselves as you say.You see, it all boils down to the illusion and golden calf of (especially) the Western civilization - libertarian free will. By significantly separating the individual from the rest of reality, we get the illusion that the individual is in some sense ultimately independent and in control of his physical or mental actions. On the other hand, this separation "unleashes" the individual - it enables the individual to be active and creative and thus create wealth. So we need the market system that unleashes individuals but we also need a system of redistribution of wealth in order to help the unlucky ones.
Helping the unlucky ones is a moral imperative that some believe comes from God, but I think it can also be explained by a naturally evolved feeling of empathy. This feeling evolved - that is, was selected for - because it was useful for the survival and reproduction of beings, in that it facilitates social bonds and cooperation and, more generally, the ability of mental integration/synthesis. Without helping the unlucky ones the social system becomes strained and fragmented and eventually even the lucky ones lose. — litewave
It's not really luck, you just need to be concerned about these things and spend a long time thinking about them and working on them.You need the right ideas or insights to occur to you - luck. — litewave
Well, if you put it that way, you need to be lucky to even be born :s . But now you're exaggerating the notion as if the decisions you take don't play a role at all.Of course, but I didn't even think about that. Even in an uncorrupted market economy you need to be lucky in order to get wealth. And it is morally not ok for the unlucky to die in the streets while the lucky enjoy lavish lifestyles. — litewave
Those aren't really matters of luck, apart from, to a certain extent, education. But you can largely educate yourself - that's what you have to do in fact. That's a decision you can take provided you have access to a library.You need to get the education or training and have the ability to absorb it - luck. You need to have the impulse and ability to adopt the right mindset - luck. You need to have the impulse to exercise and the ability/energy to persevere in it - luck. — litewave
Right, but then such utopian critiques certainly incorporate some dystopian features themselves.I don't expect that my design for a utopian economy in a utopian society will ever exist, not even remotely, because the conditions required to establish a de novo utopian economy will never exist.
I don't like regimentation either, whether it is within a large corporation or small group. Utopian systems have hidden regimentation built in -- everyone would have to conform, whatever the shape of the utopia. Universal peace and contentment has the same problem: the only way to keep it going is for everyone to be in a strait-jacket of peace and contentment regimentation.
So why bother talking about utopian schemes in the first place? It's a way of highlighting the dystopian features of reality. — Bitter Crank
Tolkien would definitely have been familiar with Chesterton - he was part of the Inklings, including C.S. Lewis and Owen Barfield, all who were influenced by these Christian thinkers. In fact, for C.S. Lewis, Chesterton's book The Everlasting Man played a central role in his own conversion. He also called it the best book of popular apologetics. Ironic that his own book Mere Christianity is now better known.I don't know whether Tolkien was familiar with Chesterton and Belloc -- two of the English Catholic promoters of distributivism. — Bitter Crank
I agree with that. That's largely due to the existence of an octopus formed largely of the financial industry. Hedge fund managers, board of directors of multinationals, CEOs, etc. They form part of a class of people I detest, which is the hierarchy climbing "politician" who cannot actually do anything practical, but has a nice smile and is willing to get into bed with whoever it takes to rise to the top. These people don't actually do anything productive, they merely appropriate what others do, while being servile to those higher than them. That's what the whole field of managers, etc. are doing.huge, regimented, military-industrial multinational complexity, — Bitter Crank
Sounds interesting. Lenin had an interesting life.I have been reading a biography of Lenin: The Man, The Dictator, and the Master of Terror by Victor Sebestyen, and at least under the Tzars, Siberian exile wasn't always that bad. Lenin lived modestly with his wife in a small but adequate cabin, was free to go hiking and hunting (he never succeeding in bagging any game), could correspond -- as long as what he had to say got past the Okhrana censors, and so on. Lenin happened to land in one of the pleasant circles of hell. Jews, for instance, were sent to places far to the north, near the Arctic Circle, where exile tended to start at wretched and go downhill to fatal. — Bitter Crank
Oh yes, I had quite a few encounters with the NHS. When I first got there it was still okay, it was quite good, excellent, and entirely free. But over the years it degraded a lot...You lived in England... don't know whether you ever availed yourself of the National Health Service... I just read This Is Going To Hurt, an account of young doctor Kay's experience there. He praises the quality of care delivered, but working in the service was something of a nightmare. He's very sarcastic about the stupidity of both patients and institution, so it's quite enjoyable. — Bitter Crank
Creating small value on a very large scale, or creating high value on a small scale, or creating high value on a very large scale. So the most important factors are value-creation and scale. Production and distribution.So what is the most important factor in getting wealth? — litewave
That's important, but not enough. You have to work smart, not necessarily hard. One can take a hammer to cut a tree for example, and hammer at the tree the whole day and still not cut it. While someone else takes a saw and cuts the tree. And yet another may find an even more efficient way to cut it.Willingness to work hard? — litewave
Assuming that you have no underlying health problems, then moral education and psychological training can help. Adopting the right mindset can help. Exercise, fitness, etc. All these things. You really have to build a life around it.For that you need to have sufficient mental or physical energy - and how do you create that? — litewave
There is always a certain element of givenness, and gift in any sort of achievement. Wealth can be a gift from God for some, and a curse for others, who don't have the level of moral development required to handle it.Even that seems to be a matter of luck, in the final analysis. — litewave
I disagree.You're missing the point. Value, in economic terms, is ill-conceived. — creativesoul
Yeah, and have very difficult lives, sure.We could do without almost all of what capitalism has afforded us. — creativesoul
I think that quite the contrary, services are generally getting better and more easily available. Just look even 10 years ago. Public services on the other hand seem to be getting worse.In fact, it's not hard to make a case that the quality of goods and services has suffered horribly at the hands of those looking to 'add value'... — creativesoul
To a certain extent. That's true, for example, if you're born in some African tribe in the middle of nowhere. But on the other hand if you're born in the West, even if you're born poor (unless you're born like extremely poor), you can definitely still contribute to wealth creation and even become rich.The problem is that much of wealth creation and distribution is based on luck. — litewave
Demand is generally created, it doesn't pre-exist the supply so to speak.have the conditions to provide that for which there is high demand. — litewave
Sure health is definitely needed, and a certain degree of intelligence helps too (though you don't necessarily need to be super smart, just not dumb). Talent? Not so much. Suitable environment? To a certain extent, once again. If you're born in extreme poverty in Africa, then yes, it would be extremely difficult and unlikely for you to become rich, even if you wanted to.Conditions such as talent, health, intelligence, and suitable environment. — litewave
My computer knows what you wrote, but I cannot mention it because Baden will whip me if I do. Suffice to say that "fair" trials of the "ruthless" entrepreneur in the heart of Siberia are something long-gone :D .not deleted, never written. — Bitter Crank
Sometimes phrases shapeshift too... Well, suffice to say that I wouldn't much like living in such a regimented economy. I much prefer as much economic freedom as possible, much like Tolkien's Shire. Which is why I prefer distributism. Everyone should be free to produce as they wish, and then seek to sell their produce. Why? Because, at least for me, a significant portion of my enjoyment of life comes from the useful work I freely choose to do for other people in the economy. I can't much imagine life without this, it would be quite grim.No, they won't grow at all because outside of Council Coordination, you will find no supplies, space, energy, markets, or anything else. Those who persist in trying to subvert council coordination will not be looked upon kindly. — Bitter Crank
I agree, quite obviously.There is no excuse for not creating one which provides everyone with an opportunity to live a comfortable life. — creativesoul
Right, it's really adding very little value, hence why the low pay. You may value conversations, but how much value does it add to you? Probably not much. You could do without.You framed the job in terms of adding no value. Bullshit. I value the conversation. — creativesoul
Because you talked about the central importance of consistency - ie checking out that Aristotle uses the term with the same definition/meaning throughout. That's irrelevant.Then why did you say that what I said was crap? That was a senseless insult. — Metaphysician Undercover
That's a strawman. To understand the genesis of the term means exactly to understand the process through which Aristotle went to come up with the term.Attempting to understand "the genesis of the terms" is pointless if what one is interested in is the meaning which Aristotle gave the terms. Why would you look at all the different usage in the time around Aristotle, if what you are interested in what Aristotle meant by those words? Why would someone look at how you and various other people use a word if what they are interested in is what I mean when I use that word. So really, what you said is what is crap. — Metaphysician Undercover
Sorry, but this is crap. The key point isn't consistency, but the fact that these terms originated through an effort to understand different aspects of reality. If you go back to the process, you will understand the genesis of the terms, and so you will understand that they make sense and refer to real aspects of the world.Aristotelian terms like "matter", "form", "potential", and "actual", are developed through volumes of consistent usage. The key point here is consistency. So as one reads the usage in different books of Aristotle, in different fields of study, the meaning of the terms starts to come through, from these various applications of the same terminology. — Metaphysician Undercover
:s Why not? I just greatly helped an important economic player to spread his goods and services and value through society. And it's $5 billion worth of goods. Maybe those are much needed medicines, etc.No. — Sapientia
Sure, but assembly line workers are not all that is required to run the factory.Workers on an assembly line generally get paid without respect to the value of the part they are adding. They are all doing essentially the same task. — Bitter Crank
Why?In a socialist economy, marketing and advertising are less important. — Bitter Crank
Sure, but you still have to let people know "Yo, we have a new car here guys". You still need to secure big contracts with other businesses, etc.Where production for need, rather than production for profit prevails, whipping up enthusiasm for new cars, new can openers, new whatever, would not be practiced. — Bitter Crank
:s - I think this is a huge mistake. From my experience, no product, no matter how good it is and how needed it is can do without sales effort. Sales effort is the ABSOLUTE key ingredient in business, without this even the greatest product will fail. Most businesses fail for precisely this reason in fact. Neglect of the importance of sales. Sales don't come to you - you have to go out there and get them.Products for which there is a clear need do not require a lot of sales efforts. — Bitter Crank
Yeah, I would agree with some of the other principles, but not here. Usually, companies find out that a large share of their revenue comes from relatively few customers (unless they are something like retail supermarkets). In my case last year, 80% of my revenue came from like 15% of clients. In the case of big factories it's the same. A single big contract will account for a large share of the revenue. The key person who secures that contract is absolutely important to the functioning of the business. So yeah, there may be a sales team, but those salesmen are all going out to try to secure contracts. They work relatively independently apart from the overall product strategy.I would imagine distribution would be handled by a work group much like the one that made the cars in the first place. Distribution and sale completion are important, but in a socialist economy, maximizing sales isn't the point, so the rewards for this work group would be determined by the work group themselves. — Bitter Crank
If I secure a $5 billion dollar contract for any producer, do I deserve, say, $20 million bonus?No, I've considered the facts, and I remain unable to conceive of a situation like that I described. Even Superman wouldn't deserve such a high percentage, let alone someone of a much lesser stature. That's insane. — Sapientia
>:OAnd making a whip of cords, he stood back and did nothing. They all remained in the temple, with the sheep and oxen. The coins remained in the money-changers and the tables stayed exactly where they were. Business carried on as usual,
with no disturbances. — Trump 2:15
And making a whip of cords, he stood back and whipped them screaming "Faster, work faster you scoundrels!" They all remained in the temple, with the sheep and oxen. The coins started flowing like tremendous rivers of gold and the money-changers and their tables stayed exactly where they were. Business was tremendous that day. — Trump 2:15
Because he's rich. People who are rich and successful are often despised by those who are jealous of them and their success.Why is Phillip Green so despised? — Sapientia
No, I am simply suggesting that deciding how much value someone has provided isn't a matter of common sense, it's something that has to be carefully analysed to determine.I don't need to do that. Someone with greater expertise can do that. And I don't need to rely on gut feeling and prejudice. Anyone with common sense can, from observation, rightly conclude that a building has collapsed. But you'd need an expert to assess with due precision what exactly caused the building to collapse. Are you suggesting that you do not possess this common sense? — Sapientia
Why is it only possible in a selfish and greedy framework? There are millions of people who want to watch him play and who love him.Then you must think that he has earned that amount. How is that possible? It's only possible within a selfish and greedy framework. — Sapientia
Right, well I am against private banking pretty much anyway. Providing money at super high-interest rates isn't providing value to anyone.And making a whip of cords, he drove them all out of the temple, with the sheep and oxen. And he poured out the coins of the money-changers and overturned their tables.
It's not as simple as that. If you don't give those idiots you mention something to watch - games - circus as the Romans said, then they will cause problems through society. Romans invented the notion of bread and circus to control the masses, and they were right. If those people don't have that outlet, they will cause other, much more serious damage to society. Indeed, if we close such outlets, we will lose a lot more lives than we save by increasing pay to paramedics.I have thought about that. Here are my thoughts: a footballer is considered valuable insofar as you enjoy watching, or making money out of, men or women playing a game which involves kicking around a ball on a field whilst lots of people stare at this on a screen or in the stands and moronically cheer, jeer, chant, and gesticulate. This is nowhere near as valuable as protecting the public and saving lives. — Sapientia
Well right, no - of course not, because, to begin with, not every worker adds as much value as the next.How much would workers get if they owned the factory and profit wasn't an issue. It might work out something like this:
A factory employing 500 workers turns out 100 cars a day. The cars market value is $8,000 each, or $800,000. How much should each factory worker be paid, per day? $1,600? No. — Bitter Crank
What about costs with marketing and advertising, probably the single most important aspect of business?- the cost of obtaining the daily supply of raw materials and parts (steel, aluminum, rubber, plastic, copper, upholstery, engines, glass, motors, fans, pumps, fasteners, etc. or 20% of retail) approximately $160,000
- the cost of daily operating the factory (electricity, water, gas, etc.) approximately $5,000 (a guess)
- preparing for the cost of replacing worn out tools and plant (approximately 1%) $8,000
- contributions to the cost of operating society (roads, railroads, schools, hospitals, services, etc. 20% of expected income) $160,000
- cash reserve to pay for supplies, unexpected or unbudgeted costs (accidents, supply price spikes, income shortfalls, cash purchases; 5%) $40,000 — Bitter Crank
So the cars sell by themselves right? :sWithout having to earn a profit for stockholders or highly paid executives, workers in this factory would earn $106.76 per hour. $427,000 after expenses / (500 workers x 8 hours) = $106.75 per hour. — Bitter Crank
Well, too few of their cars will certainly be sold if all they bother to do is produce them :s ...Maybe too few of their cars are sold, or aluminum and rubber become much more expensive. — Bitter Crank
Because you need to show that you have a framework that can scientifically and mathematically determine how X needs to be rewarded, otherwise how will you determine it? By your gut feeling & prejudice?I don't understand why you think that that's necessary. — Sapientia
I don't see why that's too much for the professional footballer. You've done no analysis of the value he provides in the economy, so...What I can tell you is that, for example, £615,000-per-week for being a professional footballer is too much, and part of that amount should be redistributed. Why do you need a number? £300,000-per-week, 60%-per-week, it doesn't matter for the purpose of this discussion. It's just for arguments sake. Can't you use your imagination? — Sapientia
So I want you to think about the value that footballer produces - for his employers, for the spectators, etc. I want you to consider the number of people affected by his work too.Another example. Suppose I am an engineer and independent contractor working on ship engines. I specialise in a particularly new class of ships that many world transportation companies are acquiring. There are very few people who specialise in this ship. Something goes wrong in one of those ships, and it no longer functions to transport the goods. My client moves $6,000,000 worth of goods each day using that ship (maybe those are much needed medicines, which save lives). So if he doesn't get me to fix it, then he (and all of society which depends on those goods) will lose $6,000,000/day. Is it fair that I am paid $600,000 for 10 hours of work? — Agustino
I haven't played it down, I've assessed how much value they provide individually.You've played down the role of paramedics. — Sapientia
Who said he's not as valuable? Have you done any analysis of his impact to determine that? :sIf professional football is not as valuable as the emergency services, as I would maintain, then why doesn't the pay reflect that? — Sapientia
Right - money is only valuable qua commodity because of the value we agree to accord to it in governing our economic transactions.It is, according to Marx's analysis in Das Kapital, the universal mirror or equivalent that keeps company with all other ordinary commodities. It is in fact no more than a commodity itself, because it is a representation of the exchange value of the ordinary commodity. It is both the means of exchange and the measure of value. But it is not the same as an ordinary commodity, because it is primarily considered in light of its exchange value rather than its use value, or, put differently, in light of its quantitative dimension rather than its qualitative dimension. — Sapientia
Ok, so if you agree, then I presume that you're fine with doing this analysis for a footballer, or for any particular case you think is unfair, to determine their value right? Then from that we can see if they are earning a fair amount or not.Yes, the gist of it at least. These are the finer details that can be worked on and a resolution found. — Sapientia
Marx may have been right, but in a different way than you think."Marxism is finished. It might conceivably have had some relevance to a world of factories and food riots, coal miners and chimney sweeps, widespread misery and massed working classes. But it certainly has no bearing on the increasingly classless, socially mobile, postindustrial Western societies of the present. It is the creed of those who are too stubborn, fearful or deluded to accept that the world has changed for good, in both senses of the term".
Right? Wrong. (That's covered in the first chapter). — Sapientia
In some cases in the industrial revolution sure. But not so much right now in the West. That, however, is still largely the case in developing countries.Marx would say it is false that the wealthiest have created the wealth, since in fact they have created the wealth with the assistance of several workers. — ivans
Another example. Suppose I am an engineer and independent contractor working on ship engines. I specialise in a particularly new class of ships that many world transportation companies are acquiring. There are very few people who specialise in this ship. Something goes wrong in one of those ships, and it no longer functions to transport the goods. My client moves $6,000,000 worth of goods each day using that ship (maybe those are much needed medicines, which save lives). So if he doesn't get me to fix it, then he (and all of society which depends on those goods) will lose $6,000,000/day. Is it fair that I am paid $600,000 for 10 hours of work? — Agustino
Well, if everyone had the same ability, then everyone would be starting the same businesses, and nobody would be rich :PHey Agustino...
How does the fact that not everyone has the same ability factor into your notion that everyone has the same opportunity to become wealthy via starting a business? — creativesoul
Well, I'm saying that so far you haven't used mathematics and science to determine what fairness is in this economic context. The reason for that is that you have not even explained what, economically speaking, constitutes value, and how fairness is to be calculated or arrived at. So you're effectively engaged, at the moment, in a non-scientific polemic. You haven't shown a mathematical way to determine how much X should get paid, and how this should relate to his activity.(And I hope that you're not trying to contrast your position from mine by suggesting that I would not likewise utilise mathematics to determine fair pay - although I'm not sure what role you imagine that science could play here). — Sapientia
My productive question is that I'd like you to clarify for yourself and for the rest of us how fairness can be mathematically assessed by laying down a framework for determining what each person should get paid based on the value they provide.Now, given that I've already addressed - although perhaps not answered to your satisfaction - the issues that you raise here, do you have any productive questions to ask or points to raise? — Sapientia
Right, an outline is what I'm looking for. It would also be useful if you analyse a particular case to show how it would work.I told you that I'm not an expert, that I'm not best equipped to give you the finer details which you seek, that I can only give you a rough outline, and that I don't think that it's necessary to go into every little detail or present a fully formed plan in order to discuss and debate the essentials. — Sapientia
How have you determined this? That's the science and mathematics I'm interested in. Otherwise, it's just a polemic.indicate excess or undervaluation — Sapientia
Oh? You made a list of the reasons why I've decided to work as self-employed? X-) That's kind of you.https://en.wikipedia.org/wiki/Workplace_aggression
https://en.wikipedia.org/wiki/Social_undermining
https://en.wikipedia.org/wiki/Abusive_supervision
https://en.wikipedia.org/wiki/Workplace_deviance
https://en.wikipedia.org/wiki/Machiavellianism_in_the_workplace
https://en.wikipedia.org/wiki/Organizational_retaliatory_behavior
https://en.wikipedia.org/wiki/Workplace_harassment
https://en.wikipedia.org/wiki/Workplace_bullying — schopenhauer1
Hah! Interesting. I thought the Augustinian one was the strongest, though I've always favored Aristotle over Plato :PI liked the Neo-Platonic proof the most. Though I've always favored Plato over Aristotle anyway so that might just be a bias of mine. — darthbarracuda
I don't think it's a foundation cause it's not a basic idea, we can go beyond that and ask why it is wrong? And we have to reach some notion of harm, or to show how each doesn't get what they deserve (so first we'd need to determine what each SHOULD get, and then see if they do or don't). That would be the basic idea.It's not dogma. It's just that at some point you hit upon a foundation. We each have our foundations. You're no different to me in that regard. The problem is that I recognise a foundation when I see it, and act accordingly, wheras you keep pressing. — Sapientia
Yes, obviously poverty and inequality can be temptations for immoral behaviour. That's what statistics show. But that kind of inequality has nothing to do with 1% owning 99% and the others owning just 1%. It has to do with whether the 99% have their basic needs met.However you're still going to be hostile to the ideas that inequality and poverty contribute to these temptations and their relationship can be understood statistically, I bet. — fdrake
Yes, obviously.Some kind of moral education initiative, would you say the success of the initiative could be measured by how the crime rate per capita behaves over the next few years? — fdrake
More or less, however, you have to be careful as people always have free will, so it's impossible to get everyone to be moral.Also whether and how many of those people who were instructed in the initiative committed crimes? — fdrake
Hmmm let me rephrase. I do see a role for statistics in illustrating what situations may act as temptations for immoral behaviour, however not contributing to that immorality.Do you see a role for statistics in finding problem areas in the organisation of a society that contribute to people making immoral decisions? — fdrake
Haha, I think he means the constellation behind, formed by the stars, not the lion pic :PWTF have you been taking man? "I'll have what he had"...not! — Janus
No, because I don't have enough time, and good enough results can be achieved by other means. But understanding what those means are involves understanding the root of the problem. In this case, the root is moral - so the moral aspect has to be addressed first.And do you propose to interview every member of a society in order to analyse its aggregate properties? — fdrake
Sorry, but I honestly do fail to see your reasons. To me it seems like a dogma.If you don't stop this nonsense, I'm just going to ignore it. I'm growing tired of repeating variations of the same point that you just don't seem to be getting. I have explained it. I have given you examples to work with. Please apply some common sense. I don't need to set out a stringent and fully formulated system for you to get yourself clued up about what I'm talking about.
And for the umpteenth time, if you don't recognise it as unfair, then there's only so much that I can do. Stop looking outside of yourself for the answer. Gut feeling, conscience... call it what you will: it comes into play of necessity. — Sapientia
You still have to say how it does that, apart from saying it's unbalanced without explaining why imbalance is bad. You also have to define what a proportionate or fair distribution is in the first place. Or do we just have to go with Sappy's gut feeling? >:)And there is something in principle wrong with that. It violates a most ethical principle of fairness. — Sapientia
I don't think that's how it works. Rather we realised that what we're interested in isn't the motion of any one particular gas particle, but rather what the gas as a whole - all the particles - can do. So we didn't bother with all the extensive calculations, and found a simple way to approximate it. It goes back to the question of what are you interested in. That determines the tools and approach you'll take when solving the problem.One of the reasons statistical approaches to gas behaviour works was because it took something incredibly complicated with loads of variables - the individual trajectories of gas molecules; made a few simplifying assumptions like no particle interaction, then derived statistical properties based on the simplification. — fdrake
That is certainly true if you conceive of individuals in a fatalistic manner, and ignore the role free will plays. I may be born in a ghetto and still refuse to resort to stealing due to my moral values even if 99% of others in the ghetto steal. So the stats don't determine or influence what I choose to do, my moral character, as it is shaped by my free choices, determines that.I don't think it's particularly contentious to say that people and the systems they create through their interaction are far more complex than any gas. This is then an excellent motivation for using statistical summaries to get information about individuals in societies - what promotes and constrains their behaviour. — fdrake
It's because entrepreneurs work themselves in the business, so they know that they can do what it takes to make it successful. An investor doesn't work directly in the business, though they may provide advice, so they don't know whether the founder will actually do what it takes or knows what he has to do, or understands his industry well enough. So they need to factor their lack of knowledge in, that's why they resort to using stats. The entrepreneur doesn't have a lack of knowledge - he generally knows, quite well.Ignoring base rates about their own business or businesses they like is probably one of the distinguishing features of entrepreneurs and investors. — fdrake
That's an essential feature of successful entrepreneurs.They condition on their own exceptionalness and believe it with great vigour. — fdrake
No, of course, I'm going to bet on him coming from the place with high crime rate and high population vs the low crime rate and low population one. But that's because I don't have knowledge - it's my own ignorance of what is actually the case that forces me to resort to using statistics. If I actually knew what was the case, I wouldn't bother with stats. But I need to take a decision in the absence of knowledge - so then I'm concerned with stats and forms of hedging my risks.So you're quite happy to average over a poorly estimated distribution of an individual's success to calculate an expected return, but as far as betting on whether someone who just committed a crime is a member of a place with high crime rate and a high population or low crime rate with a low population... That's a no go. Riiiiiiight. — fdrake
Yeah, because the paramedic's employer certainly deserves the benefits of Mike's brownie business, he did a lot of work for it >:)False. The paramedic's employer must get additional funds from somewhere. I propose they be taken, in part, from your brownie business. — Sapientia
>:OI wasn't referring to your Sun sign; I knew what that was from the Astrology thread. In any case it's Janus, anus, schmanus...and so on...ad nauseum... — Janus
