β² 1264 βΌ Rational Self Interest (lemmy.world) submitted 2 years ago by anna_ql@lemmy.world to c/comicstrips@lemmy.world 205 comments fedilink hide all child comments https://existentialcomics.com/comic/364
[+] DeepGradientAscent@programming.dev 40 points 2 years ago* (last edited 2 years ago) (2 children) [removed by mod] permalink fedilink source hideshow 4 child comments replies: [β] roscoe@lemmy.dbzer0.com 33 points 2 years ago (1 child) One of the problems with economic theory in general is assuming rational actors. permalink fedilink source parent hideshow 2 child comments replies: [β] Wogi@lemmy.world 19 points 2 years ago (1 child) I was told by my first economics professor that if I could solve that problem, and eliminate the assumption of rationality, I'd be the richest man on earth over night. It's a problem, they know it's a problem, they just don't have a better answer. permalink fedilink source parent hideshow 2 child comments replies: [β] roscoe@lemmy.dbzer0.com 14 points 2 years ago* (2 children) You can't even assume everyone can agree on the same definition of rational. If a business owner is a sadist they might value treating their employees like dirt more than the money they'd make if the business ran more efficiently. For a dickhead, rational self interest could mean forgoing profit to cause misery. permalink fedilink source parent hideshow 4 child comments replies: [β] Wogi@lemmy.world 10 points 2 years ago Rational in the economics sense just means that people do things for a reason. We're not acting randomly, we believe that when we put money towards a thing that we are receiving something of value for it. Any more specific than that and we're not talking about rationality in the economics sense any more. Rationality does not mean correct. Just with cause. permalink fedilink source parent [β] MonkeMischief@lemmy.today 9 points 2 years ago (1 child) ...they might value treating their employees like dirt more than the money they'd make it the business ran more efficiently. This sounds like the metric for hiring middle-management if anything. permalink fedilink source parent hideshow 2 child comments replies: [β] roscoe@lemmy.dbzer0.com 10 points 2 years ago It would certainly help explain middle management's obsession with return-to-office policies in the face of all the evidence that WFH increases productivity. permalink fedilink source parent [β] RememberTheApollo_@lemmy.world 6 points 2 years ago Add greed and self-interest to that list. Those leaders and owners like CEOs are beholden to investors and shareholders, and if they demand a return on their investment or the C-suite wants a raise, the workforce will be one of the places the value is extracted from. permalink fedilink source parent
[β] roscoe@lemmy.dbzer0.com 33 points 2 years ago (1 child) One of the problems with economic theory in general is assuming rational actors. permalink fedilink source parent hideshow 2 child comments replies: [β] Wogi@lemmy.world 19 points 2 years ago (1 child) I was told by my first economics professor that if I could solve that problem, and eliminate the assumption of rationality, I'd be the richest man on earth over night. It's a problem, they know it's a problem, they just don't have a better answer. permalink fedilink source parent hideshow 2 child comments replies: [β] roscoe@lemmy.dbzer0.com 14 points 2 years ago* (2 children) You can't even assume everyone can agree on the same definition of rational. If a business owner is a sadist they might value treating their employees like dirt more than the money they'd make if the business ran more efficiently. For a dickhead, rational self interest could mean forgoing profit to cause misery. permalink fedilink source parent hideshow 4 child comments replies: [β] Wogi@lemmy.world 10 points 2 years ago Rational in the economics sense just means that people do things for a reason. We're not acting randomly, we believe that when we put money towards a thing that we are receiving something of value for it. Any more specific than that and we're not talking about rationality in the economics sense any more. Rationality does not mean correct. Just with cause. permalink fedilink source parent [β] MonkeMischief@lemmy.today 9 points 2 years ago (1 child) ...they might value treating their employees like dirt more than the money they'd make it the business ran more efficiently. This sounds like the metric for hiring middle-management if anything. permalink fedilink source parent hideshow 2 child comments replies: [β] roscoe@lemmy.dbzer0.com 10 points 2 years ago It would certainly help explain middle management's obsession with return-to-office policies in the face of all the evidence that WFH increases productivity. permalink fedilink source parent
[β] Wogi@lemmy.world 19 points 2 years ago (1 child) I was told by my first economics professor that if I could solve that problem, and eliminate the assumption of rationality, I'd be the richest man on earth over night. It's a problem, they know it's a problem, they just don't have a better answer. permalink fedilink source parent hideshow 2 child comments replies: [β] roscoe@lemmy.dbzer0.com 14 points 2 years ago* (2 children) You can't even assume everyone can agree on the same definition of rational. If a business owner is a sadist they might value treating their employees like dirt more than the money they'd make if the business ran more efficiently. For a dickhead, rational self interest could mean forgoing profit to cause misery. permalink fedilink source parent hideshow 4 child comments replies: [β] Wogi@lemmy.world 10 points 2 years ago Rational in the economics sense just means that people do things for a reason. We're not acting randomly, we believe that when we put money towards a thing that we are receiving something of value for it. Any more specific than that and we're not talking about rationality in the economics sense any more. Rationality does not mean correct. Just with cause. permalink fedilink source parent [β] MonkeMischief@lemmy.today 9 points 2 years ago (1 child) ...they might value treating their employees like dirt more than the money they'd make it the business ran more efficiently. This sounds like the metric for hiring middle-management if anything. permalink fedilink source parent hideshow 2 child comments replies: [β] roscoe@lemmy.dbzer0.com 10 points 2 years ago It would certainly help explain middle management's obsession with return-to-office policies in the face of all the evidence that WFH increases productivity. permalink fedilink source parent
[β] roscoe@lemmy.dbzer0.com 14 points 2 years ago* (2 children) You can't even assume everyone can agree on the same definition of rational. If a business owner is a sadist they might value treating their employees like dirt more than the money they'd make if the business ran more efficiently. For a dickhead, rational self interest could mean forgoing profit to cause misery. permalink fedilink source parent hideshow 4 child comments replies: [β] Wogi@lemmy.world 10 points 2 years ago Rational in the economics sense just means that people do things for a reason. We're not acting randomly, we believe that when we put money towards a thing that we are receiving something of value for it. Any more specific than that and we're not talking about rationality in the economics sense any more. Rationality does not mean correct. Just with cause. permalink fedilink source parent [β] MonkeMischief@lemmy.today 9 points 2 years ago (1 child) ...they might value treating their employees like dirt more than the money they'd make it the business ran more efficiently. This sounds like the metric for hiring middle-management if anything. permalink fedilink source parent hideshow 2 child comments replies: [β] roscoe@lemmy.dbzer0.com 10 points 2 years ago It would certainly help explain middle management's obsession with return-to-office policies in the face of all the evidence that WFH increases productivity. permalink fedilink source parent
[β] Wogi@lemmy.world 10 points 2 years ago Rational in the economics sense just means that people do things for a reason. We're not acting randomly, we believe that when we put money towards a thing that we are receiving something of value for it. Any more specific than that and we're not talking about rationality in the economics sense any more. Rationality does not mean correct. Just with cause. permalink fedilink source parent
[β] MonkeMischief@lemmy.today 9 points 2 years ago (1 child) ...they might value treating their employees like dirt more than the money they'd make it the business ran more efficiently. This sounds like the metric for hiring middle-management if anything. permalink fedilink source parent hideshow 2 child comments replies: [β] roscoe@lemmy.dbzer0.com 10 points 2 years ago It would certainly help explain middle management's obsession with return-to-office policies in the face of all the evidence that WFH increases productivity. permalink fedilink source parent
[β] roscoe@lemmy.dbzer0.com 10 points 2 years ago It would certainly help explain middle management's obsession with return-to-office policies in the face of all the evidence that WFH increases productivity. permalink fedilink source parent
[β] RememberTheApollo_@lemmy.world 6 points 2 years ago Add greed and self-interest to that list. Those leaders and owners like CEOs are beholden to investors and shareholders, and if they demand a return on their investment or the C-suite wants a raise, the workforce will be one of the places the value is extracted from. permalink fedilink source parent
