Good ideas and conversation. No ads, no tracking. Login or Take a Tour!
I think your conclusion is based on the incorrect assumption underlying most economics, namely that people (a) have sufficient information to make a rational decision, and (b) then make a rational decision.
I am pretty sure that these important and interesting considerations have received a fair amount of attention. Thinking, Fast and Slow includes many examples, such as the Allais paradox.
In any case, I don't see any connection to the idea that business is hostile to consumers. Both sides have limited information, and both sides occasionally make decisions that are not in their best interests.
–
johnnyFive · 3034 days ago · link ·
I'm not saying it's connected, but I'm saying I disagree with your statement that
- It's the customer's interest that drives business behavior.
–
–
johnnyFive · 3032 days ago · link ·
- and serving customer interests brings profit.
Except where it doesn't....