Preferences, marginal demand, and risk/benefit analyses. - TopicsExpress



          

Preferences, marginal demand, and risk/benefit analyses. #Praxdog The dogs uneasiness for that tire to be in the water and away from him was almost palpable. So, not unlike humans, he devised a plan to satisfy his preference to have the tire in his possession in the near future. He also decided it was worth it to take a few risks to retrieve the tire from the pool. To achieve his ends, he had at least a couple observable hurdles. 1. His fear, (stemming from the limited information _he_ had about the pool and water in general probably) 2. He was operating on an uncertain future (he didnt know if his actions would lead to the economic or psychological profit of actually gaining the tire). So, not only did he enter the water with limited information (not knowing its depth or what other risks that action might entail), he had to submerge his entire face and use whatever faculties he had available to him to drag the tire up and out of the pool successfully. Brave dog. Very entrepreneurial of him. He could have just taken the easy way out, and used the political means -- begging his master to do it for him. Clearly hes a an austro-anarchist #praxdog. #Agorist
Posted on: Wed, 17 Sep 2014 16:35:16 +0000

Trending Topics



Recently Viewed Topics




© 2015