BO: and 5) all human cooperation reduces the time cost of returns on acquisition – loss aversion. 6) Ergo we are not wealthier than cavemen, we have made everything cheaper in cost of time.
Source date (UTC): 2021-10-15 15:14:04 UTC
Original post: https://twitter.com/i/web/status/1449030823060115493
Reply addressees: @EPoe187
Replying to: https://twitter.com/i/web/status/1449030552900800528
IN REPLY TO:
Unknown author
@EPoe187 BO:Yes. LAWS:1) on oppy cost as ‘full accounting’, 2) individual oppy cost is a proxy for group equilibration, 3) all human behavior is reducible (expressible) in terms of acquisition – loss aversion, 4) Cog biases compensate for uncertainty in favor of acquisition-loss aversion.
Original post: https://x.com/i/web/status/1449030552900800528
Leave a Reply