Not sure how much I agree with this, but it's an interesting thread. Maybe I'm just happy_merchant.jpg, but I strongly prefer objective contracts to subjective / actively think subjective are bad / think that "but they were good" is propaganda that cherry picks scenarios & facts https://twitter.com/PereGrimmer/status/1298291421968052224 …
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7/ Valid point. If you trust the legal enforcement system, you can do deals with people that you don't trust. (Though I would still disaggregate 'no data to justify positive trust' vs 'actively distrust').https://twitter.com/ZacharyW_Clark/status/1298316352315224064 …
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8/ eh...no, I don't like this I mean maybe, sure, a little bit at the margins, but if I do a deal with the understanding of price X, and he has asymmetric knowledge of what risks exist and how much they cost (from multiple previous runs), onus is on himhttps://twitter.com/ded_ruckus/status/1298323082231201792 …
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9/ Sawyer knows what his blade loss rate is. He can either expose that to me and say "plus $500 per ruined blade, and you can minimize that by not giving me trees that might have steel in them", or he can bake it into the price, based on typical rateshttps://twitter.com/ded_ruckus/status/1298323964662435840 …
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10/ For someone to say "I will do task X, for flat fee Y", and then, half way through it, say "oh, my tool broke, and I'm going to lose money on this job unless you hand me $500" is BS. Fee just increased while the work didn't change. THIS IS EXACTLY WHAT CONTRACTS PREVENT
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I agree with you. OTOH, it's worth noting that this may be like your take on libertarianism, in that for the 5% HUN/SSC folks, this would work. For the normies, there is an expectation (warranted or not) of "honor" in the deal. It's fucking foolish, of course...
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...but most things normie are foolish on their face, and we still have to deal with them at some level. So I think the formalized/objective contract view is always going to have some conflict with informal/subjective "honor" deals.
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Programming taught me how underspecified most people's mental models are. Both false consensus and false disagreement are common. Until you have a structured way of making the implicit explicit, you literally have no way of knowing that. Contracts are a good tool for that.
Thanks. Twitter will use this to make your timeline better. UndoUndo
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