anchoring effect – The Skeptic’s Dictionary – Skepdic.com

The implication of arbitrary coherence is that it calls into question one of the basic assumptions of a free market and free trade. If we can be manipulated to value things in arbitrary ways, the alleged benefits of a free market are called into question. If values aren’t simply matters of supply and demand evaluated by rational creatures who know what they want and need and how much they are willing to pay for it or charge for it, then it is the manipulators who stand to benefit from free trade.

Source: anchoring effect – The Skeptic’s Dictionary – Skepdic.com

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Towards a Mass Flourishing

But while I will avoid dwelling too much on the what and when, I will unabashedly advocate for a particular answer to how. Thanks to virtuous cycles already gaining in power, I believe almost all effective responses to the problems and opportunities of the coming decades will emerge out of the hacker ethos, despite its apparent peripheral role today. The credentialist ethos of extensive planning and scripting towards deterministic futures will play a minor supporting role at best. Those who adopt a Promethean mindset and break smart will play an expanding role in shaping the future. Those who adopt a pastoral mindset and retreat towards tradition will play a diminishing role, in the shrinking number of economic sectors where credentialism is still the more appropriate model.

Source: Towards a Mass Flourishing