reply on: Compressing Information for Other Humans and Self \ stacker news ~mostly

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25 sats \ 0 replies \ @elvismercury 11 Mar \ parent \ on: Compressing Information for Other Humans and Self mostly_harmless

It's a reminder that prices solve a problem of overwhelming complexity, but the statement of the problem being solved by prices has certain assumptions built into it.

Yes. Related: prices solve one problem of overwhelming complexity, but just because a problem is overwhelmingly complex does not mean it is solved by the naive application or prices. Or perhaps, even their non-naive application.