Thanks for picking that up!

Two quick thoughts in response:

  1. It’s not because there are many wrong ways of doing something (or answering a question), and indeed that we can say one way is more wrong than another, that there must be a single right way.
  2. The assumption that there must exist a single optimum answer to an allocation question rests on a strict, stable equivalence between multiple uses of the resources. That is not true for a single individual, with ill-defined and fuzzy preferences, and by extension not true for a whole bunch of individuals.

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Accidental behavioural economist in search of wisdom. Uses insights from (behavioural) economics in organization development. On Twitter as @koenfucius

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