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

    • I don't know how it works now but my late parents had little money when they were retired (just state pension and they rented their flat) and they used to take their cat to the Blue Cross (In Victoria if I remember correctly) where treatment was free for those who could'nt afford a private vet. I sincerely hope similar is available still because for many elderly their pet is their main source of comfort and company.  
    • In a couple of places locally, I have come across this. I am fairly sure that they attempt to do the bill in their head. If you just say , “no, I think it’s x” they start again and get to an agreeable number, or find a calculator. I don’t think it’s a malicious attempt to swindle people. Just not great arithmetic.
    • There are excellent charities like the Greenwich Wildlife Network who will help if you report any concerns with local wildlife. Foxes are wonderful creatures who had been forced into our town and cities and are just doing their best to survive, we should take care of them when we can. 
    • Like I thought… prob like that for most of the day.. especially after people had walked their dogs, with friends, relatives  kids… 
Home
Events
Sign In

Sign In



Or sign in with one of these services

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