That's the problem. Not everyone is fully informed and not everyone knows what is in their best interests.
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In counseling, we often do values work. We try to find out what someone REALLY values aside from what they temporarily desirous. Desires come and go. They are fleeting, but value is like a compass and keeps you in the right direction despite zig zags and switches.
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That would depend, I think, on whether or not there are power disparities between the two parties.
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Power disparities are hot. According to romance novels and porn, people really like power disparities.
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you could have an agreement where one party is making a really bad decision (by the standards of their own values) and the other is knowingly taking advantage of this fully informed doesn’t imply fully capable of making a good decision
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or maybe everyone is fully capable of making their own decisions, some just decide to blame their actions on their supposed inability. and those that believe them are complicit in that lie.
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I'm not fully informed about anything, do you think i'm omniscient?
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Yet when things go south between the parties, there's often a 'victim' claiming 'i was abused or exploited' nonetheless. And it becomes one's word against another: as there's no formal proof of a 'voluntary & informed' arrangement.
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fully informed isn't possible if it resists error correction, it is exploitative
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Especially in a clueless (http://users.ox.ac.uk/~mert2255/papers/cluelessness.pdf …) universe, full information about the outcomes is probably computationally hard (many trivial problems in game theory have only NP-complete solutions), and agents are running on bounded rationality.
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The observation is valid but not sound.
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