Jump to content

Recommended Posts

..well I think he's provided some reasonable ones there. You don't think people come together spontaneously as individuals and do good, ethichal, fun, even political things EVER Strafer? Really? Bizzare challenge - Tollepuddle martyrs, numerous civil rights movements, acid house parties, the EDF Curry Club.....I could go on, and on, and on....

Sorry. Maybe I wasn't clear


The examples provided are things that people do together. In pretty much any society at some point. And all of them with plenty of non-individual power structures dictating what people could or couldn't do


I thought that some people were pushing for a world where their idea of libertarianism actually had taken root, and most obstacles to individual freedoms were removed an we could see how individuality was a beacon for the rest of us.


But I suspect such a society can't exist for the reasons H states

Well, LondonMix, if you call yourself a Libertarian but only want a few bits of it, I think Libertarians would be right to question your badge. ;-)


I think it's fair to say that all the illustrations provided by DaveR work on social levels of less than 200 no?


Amateur dramatics, Tolpuddle Martyrs ( 6 ), WI.


These people didn't build roads, power stations or cross channel ferries - they just had a laugh (or got imprisoned) with their mates.


Protest, or Football fan bases, are not an organised force for creation, and don't count in this assessment. Any pillock can camp outside St. Paul's cathedral, but when it comes to buying sandwiches they get locked down in teepee debates about who is paying.


These are not sensible illustrations of collective action. There aren't any example of libertarianism resulting in anything but arse.

Humans are loss averse, meaning the emotional intensity of a loss is greater than that of a commensurate gain.


This has a huge impact on society/economics, for example it can explain some of the irrational consumption decisions we make and help explain the difference between the consumption decisions of the rich and poor.


Any politician from local to national trying to effect change, or reform an institution can expect those who perceive a potential loss to shout the loudest.


Both sides in a dispute will value the concessions they have made as greater than those of their opponents, as their opponents concessions are their gains. This can look bizarre to the outside world who are not looking at the situation with the same bias.


The list of situations it impacts is a lengthy one.


Loss aversion is then, apart from anything else, a conservative force on society. Those who are more loss averse will be more socially conservative as the potential downsides will loom larger. They will fail to see the same value in what they get in return for the pain of taxation or regulation and none of this has anything to do with morality.

Daniel Kahneman and Amos Tversky came up with Prospect Theoery in the late seventies, loss aversion was a key part of this. It replaced the utility theory of money as a way of modelling our decision making and won Kahneman the Noble Prize for Economics in 2002. So sorely tempted though I am to claim it was all my idea, I'm afraid not.


I came across the ideas reading Kahneman's book Thinking, Fast and Slow which I can't recommend highly enough.

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • Latest Discussions

    • Sorry Sue - me again. This has been on my mind all day, it's a big bug bear of mine. If you don't mind - please can you private message me some of these shops so I can cross reference / add to my AVOID list.  Thanks in advance. Let's make sure this doesn't happen this Christmas, particularly as we head into sales season. Even more problematic in my experience.
    • Pity you didn't quote what you are referring to, Mal. I didn't see the previous post, and my mind is boggling 😮
    • The Cherry Tree was absolutely excellent for a while when a youngish couple ran it and brought in a really good chef. It was them who renamed it The Cherry Tree. They were really turning it around. The chef did fantastic Scotch eggs, and one of the best roasts I've ever had. If memory serves the then owner,  for some reason known only to himself, took a dislike to them and what they were doing and sacked them all. And yes we weren't expecting a top class  meal last Christmas, and we left it too late to book anywhere else, but we weren't expecting it for a hundred pounds EACH to be quite as terrible as it was. Stupid us. Not sure why you are confused by my post, Jazzer? Did I misremember? Now it's got even more confusing because my posts have been merged and your confused emoji is shown at the bottom of the second one instead of the first 🤣
    • Hear hear. Very well said. Thank you and all the best for the year ahead 
Home
Events
Sign In

Sign In



Or sign in with one of these services

Search
×
    Search In
×
×
  • Create New...