tag:blogger.com,1999:blog-4824790768118172625.post874070968218131398..comments2023-08-24T18:26:14.508-07:00Comments on Pragmatarianism: Jeff Jarvis' Critique of the Pragmatarian ModelXerographicahttp://www.blogger.com/profile/14978832439622230018noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-4824790768118172625.post-2848344716419311652018-01-04T18:09:32.992-08:002018-01-04T18:09:32.992-08:00You might be right but I'd still like to see t...You might be right but I'd still like to see the idea actually tested. Xerographicahttps://www.blogger.com/profile/14978832439622230018noreply@blogger.comtag:blogger.com,1999:blog-4824790768118172625.post-77618600207133035472018-01-04T15:40:05.566-08:002018-01-04T15:40:05.566-08:00There are two blindingly obvious flaws in your the...There are two blindingly obvious flaws in your theory<br /><br />1. If you allocate your Kindle subscription, Amazon would not have it to grow their business.<br /><br />2. You are so hung up on ‘rating’ things that you lack even basic understanding of how the world works.<br /><br />Money is not used to rate things.<br /><br />Rating is an outcome. An effect of people buying and selling. Only after the fact can we know which goods and services are more highly rated by the community.<br /><br />The buying decision is based on ‘what is the most that thing ‘thing’ is worth to me now. While the selling decision is based on ‘what it cost me and the return I am looking for’.<br /><br />While each buyer has to decide how to allocate their money (ie rate one thing against another in their own mind), when it comes to private goods and services, they are doing so for their own utility. They could not care less about giving ‘signals’ to the rest of the community. Their aim is to get as much for it as they can. That is they want to pay the LEAST for any item in order to maximise THEIR TOTAL UTILITY.<br /><br />No one wants to Maximise their Spend in every item as that would Minimize their own Utility, by limiting the range of goods and services they can buy<br /><br />It is beyond comprehension that you don’t get this, sigh<br />Anonymousnoreply@blogger.com