Fun statistical trick: Suppose Trianglestan has a population of 10. The poorest Trianglestani makes $1/year, the richest makes $10.
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@St_Rev something has changed just not the incomes -
@soapjackal Some labels got moved around. You can "solve" a Rubik's cube like that, but. -
@St_Rev Educational Institutions Value is related to Expected Utility one would receive from attending -
@soapjackal Note that in this toy example, nobody's income changed. No economic effect at all, just a category boundary got moved. -
@soapjackal Similar phenomena can be seen in mortality/morbidity statistics when defns shift, cf. recent drop in w. female life expectancy.
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@St_Rev trianglestan, trianglestan implemented a miracle plan to put status goods in everyone's hands effects unplanned, trianglestan -
@sarahdoingthing@St_Rev Pundit man, Pundit man. Pundit man hates Trianglestan They have a fight, politics wins Pundit man. -
@Spivonomist@sarahdoingthing <accordion solo> <fire> -
@St_Rev@Spivonomist@sarahdoingthing Use median, not average. -
@NorskHaus@Spivonomist@sarahdoingthing In this case, median = average.
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@St_Rev more marginal students getting college degrees sounds pretty horrible to me - End of conversation
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@St_Rev "inequality" is one of those topics where you have to spend 99% of time making sure you know what you're talking/thinking about -
@simplic10 You clearly don't HAVE to, if you're selling eyeballs and books. -
@St_Rev@simplic10 ergo inequality in and of itself is irrelevant -
@degermonik@St_Rev think that is mostly right. There are a couple senses in wc inequality per see arguably bad. -
@degermonik@St_Rev (1) relative status matters as well as absolute wealth. Sucks to be only guy on the block without a nice bbq. -
@degermonik@St_Rev (2) greater relative wealth gives ppl ability to "mess with" the relatively poorer (lawsuits, compete for good n'hoods) -
@degermonik@St_Rev OTOH (1) is basically envy and arguably ppl should just be less envious, not reify their envy in policy -
@simplic10@St_Rev I've noticed most economists don't seem to care that much about positional goods as part of solving welfare problems
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. Banned in Sweden. SubGenius, Zhuangist, white-hat troll. Defrocked mathematician. Brain problems.