slightlyoff@toot.cafe ("Alex Russell") wrote:
Folks, if you think I'm calling developers "stupid" by pointing out an information asymmetry and a market failure, then you literally don't understand what information asymmetries *do*.
In a broken market, pricing is wrong not because buyers are stupid, but because they have less information and nobody is stepping in to correct that gap.
So, even if you think can't happen, you should acknowledge that *I* (and most of modern economics) think that happens *all the time*.