But the reason why it has those features is that the market filters/optimizes in a way that solves some problems and gets trapped by others. Have you been exposed to social choice theory? if you at least know what I'm talking about, Elster's book "Sour Grapes" is v good on this
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Replying to @QuasLacrimas
I know bits and pieces, but haven’t studied it in any detail. Not sure what it has to do with whether the market can be considered an agent.
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Replying to @mr_scientism
you've prolly read "evolution of cooperation," right? so you know that non-sentient processes can be analyzed as if they were following strategies even if they are not literally following strategies?
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Replying to @QuasLacrimas @mr_scientism
What are the limiting qualifiers on that analysis (is it in your grapes... I have it on my Kindle but haven't cracked it open)
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Replying to @fides_et_cancri @mr_scientism
well, i don't know if we know what limits there are yet... still more in the phase of getting clear on what the limits might be so that we can distinguish conceptual limits from empirical hypotheses (which can be tested etc)
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Replying to @QuasLacrimas @mr_scientism
I'm intensely distrustful of that model in that case. There's no logical reason to not just axiomatically accept agency ala http://Mr.Land
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Replying to @fides_et_cancri @mr_scientism
what does that mean "to automatically accept agency"
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As in the model must presume from the get go that it is an agency driven process for sake of discussion without any analogic qualifiers
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Replying to @fides_et_cancri @mr_scientism
no, it must just assume that processes which fail to correspond to the strategy an agent would choose are weeded out But this question shows that Sour Grapes would really interest you, I'm guessing
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Basically, imperfect approximations of agency are imperfect in that they fall short of a very clear standard of rationality (in ways agents normally wouldn't). But agency itself falls short of the same standards (even in everyday situations).
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