Yeah, I am not enthused about that paragraph, honestly. I do still think it tracks, but it’s not great.
Like, in that section of a post, I am trying to make a conceptual jump from the simple economic model, to the lived experience of what it’s like to be an actor within that economic model (in the above example I should have said “buying a car in a market that is transitioning from a peach market to a lemons market”). Economic models generally do not cover the experience of what the algorithms that produce the outcome feel like from the inside, but in this case, it felt like an important jump to make.
I didn’t intend to communicate that thereby the classical lemons market model predicts that you should spend more resources trying to figure out which cars are peaches and lemons. Indeed, in the classical lemons market model one of the core assumptions is that there is no way for you to tell. I do cover the slightly adjusted case of there being a costly inspection you can perform to tell whether a car is a lemon or a peach a few paragraphs later.
IDK, maybe that paragraph is bad. I am not super attached to it. It was the result of specific user feedback of someone being like “man, you talk about all of this abstractly, but clearly a lot of the point of this post is to talk about the internal experience of being in one of those situations, and I feel like I need more pointers towards that”.
Yeah, I am not enthused about that paragraph, honestly. I do still think it tracks, but it’s not great.
Like, in that section of a post, I am trying to make a conceptual jump from the simple economic model, to the lived experience of what it’s like to be an actor within that economic model (in the above example I should have said “buying a car in a market that is transitioning from a peach market to a lemons market”). Economic models generally do not cover the experience of what the algorithms that produce the outcome feel like from the inside, but in this case, it felt like an important jump to make.
I didn’t intend to communicate that thereby the classical lemons market model predicts that you should spend more resources trying to figure out which cars are peaches and lemons. Indeed, in the classical lemons market model one of the core assumptions is that there is no way for you to tell. I do cover the slightly adjusted case of there being a costly inspection you can perform to tell whether a car is a lemon or a peach a few paragraphs later.
IDK, maybe that paragraph is bad. I am not super attached to it. It was the result of specific user feedback of someone being like “man, you talk about all of this abstractly, but clearly a lot of the point of this post is to talk about the internal experience of being in one of those situations, and I feel like I need more pointers towards that”.