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Showing posts with the label Pareto optimality

Lead us not into temptation

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Let's say I have two friends, call them Bab and Jesiah. One day I contact Bab, and I say, "That guy Jesiah, he's taunting us on Twitter all the time. Here's what I suggest: I have hold of this new virus that can wipe things off the Internet. Remember [this is all just made up for this example, mind you] that terrible public bet you made a few years back? I can wipe out all evidence of that... if you take out Jesiah when he visits you next month." Now, in the kind of simplistic view found here , "without a doubt this [offer] is making its participants better off!" After all, I wouldn't have made the offer if I didn't prefer to make it. And Bab can turn the offer down, and be in the same situation he was in before I made it, or take the offer... in which case he must think it makes him better off. But the fact is that my offer is evil, and makes me worse off just by having made it, whether or not I "prefer" to do so. And while Ba...