You don’t need to have different preferences to make mutually beneficial trades. Human preferences tend to be roughly unbounded but sublinear—more of the same good isn’t as important to us. So if I have a lot of money and you have a lot of ripe oranges, we can both benefit greatly by trading even if we both have the same love of oranges and money.
You don’t need to have different preferences to make mutually beneficial trades. Human preferences tend to be roughly unbounded but sublinear—more of the same good isn’t as important to us. So if I have a lot of money and you have a lot of ripe oranges, we can both benefit greatly by trading even if we both have the same love of oranges and money.
Yes, I know.