Markets don't work for everything. Truth is one place where they fail.
There is a bigger market for lies than the truth, because lies are so much less constrained.
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When the truth is boring, lies can be exciting. When the truth contradicts your beliefs, lies can confirm them.
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Truth is for those who have learned the value of rigor and the seductive perils of self-deception. All others prefer a good story.
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One might argue that the scientific industry is one big market for truth.
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Paul how can we then Leapfrog Africa development with minimal government Transforming Urban Africa: UIDC 2017: http://mailchi.mp/30a975c316dc/niea134dt7-715997 …
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Is Twitter the biggest/deepest "most liquid" market for truth and lies?
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Don't overlook one of the biggest reasons for lying: to secure political power. Doing so can fill up your bank account. Literally.
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To a significant degree, politicians are incentivized to lie.
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Same could be said about public politics. Lies attract more voters than truth. Case in point: every single elections.
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Lies have more cognitive ease to be accepted, appeals to the unsuspecting mind and we buy lies like any good consumer
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