"Measuring Value" by @NickSzabo4
http://szabo.best.vwh.net/measuringvalue.html …
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Replying to @nouswaves
"In business in general, and accounting in particular, it is common to use cost as a proxy measure for value." Very interesting reason why.
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Seems to be analogous to human "costly" signalling: http://en.wikipedia.org/wiki/Signalling_theory#Costly_signalling_in_hunting …
7:35 AM - 22 Nov 2014
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