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#marketforlemons — Public Fediverse posts

Live and recent posts from across the Fediverse tagged #marketforlemons, aggregated by home.social.

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  1. @zachleat @davatron5000

    If only the broken SPA merely flashed instead of stuck. That would be a reasonable and balanced technical design with prorities straight!

    more like Flash Of Great HTML Before Broken Single Page App.

    or... Flash Of Styled Content (FOSC) for short 🤓

    Ref fosstodon.org/@krinkle/1098075

  2. @zachleat @davatron5000

    If only the broken SPA merely flashed instead of stuck. That would be a reasonable and balanced technical design with prorities straight!

    more like Flash Of Great HTML Before Broken Single Page App.

    or... Flash Of Styled Content (FOSC) for short 🤓

    Ref fosstodon.org/@krinkle/1098075

    #FOSC #LostDecade #MarketForLemons #PWA #php #11ty

  3. @zachleat @davatron5000

    If only the broken SPA merely flashed instead of stuck. That would be a reasonable and balanced technical design with prorities straight!

    more like Flash Of Great HTML Before Broken Single Page App.

    or... Flash Of Styled Content (FOSC) for short 🤓

    Ref fosstodon.org/@krinkle/1098075

    #FOSC #LostDecade #MarketForLemons #PWA #php #11ty

  4. @zachleat @davatron5000

    If only the broken SPA merely flashed instead of stuck. That would be a reasonable and balanced technical design with prorities straight!

    more like Flash Of Great HTML Before Broken Single Page App.

    or... Flash Of Styled Content (FOSC) for short 🤓

    Ref fosstodon.org/@krinkle/1098075

    #FOSC #LostDecade #MarketForLemons #PWA #php #11ty

  5. CW: Long thread/7

    Carbon offsets have not worked: they have been plagued by absolutely foreseeable problems that have not lessened, despite repeated attempts to mitigate them.

    For starters, carbon offsets are a classic #MarketForLemons. The cheapest way to make a carbon offset is to promise not to emit carbon you were never going to emit anyway.

    7/

  6. CW: Long thread/7

    Carbon offsets have not worked: they have been plagued by absolutely foreseeable problems that have not lessened, despite repeated attempts to mitigate them.

    For starters, carbon offsets are a classic #MarketForLemons. The cheapest way to make a carbon offset is to promise not to emit carbon you were never going to emit anyway.

    7/

  7. CW: Long thread/7

    Carbon offsets have not worked: they have been plagued by absolutely foreseeable problems that have not lessened, despite repeated attempts to mitigate them.

    For starters, carbon offsets are a classic #MarketForLemons. The cheapest way to make a carbon offset is to promise not to emit carbon you were never going to emit anyway.

    7/

  8. CW: Long thread/7

    Carbon offsets have not worked: they have been plagued by absolutely foreseeable problems that have not lessened, despite repeated attempts to mitigate them.

    For starters, carbon offsets are a classic #MarketForLemons. The cheapest way to make a carbon offset is to promise not to emit carbon you were never going to emit anyway.

    7/

  9. CW: Long thread/11

    They taught a generation that resistance is futile, that anything you do to make a better future is a scam, and you're a sucker for falling for it. They planted nihilism with every tree.

    That scam never ended. Today, we're sold #CarbonOffsets, a modern #PapalIndulgence. We are told that if we pay the finance sector, they can absolve us for our climate sins. Carbon offsets are a scam, a #MarketForLemons.

    11/

  10. CW: Long thread/11

    They taught a generation that resistance is futile, that anything you do to make a better future is a scam, and you're a sucker for falling for it. They planted nihilism with every tree.

    That scam never ended. Today, we're sold #CarbonOffsets, a modern #PapalIndulgence. We are told that if we pay the finance sector, they can absolve us for our climate sins. Carbon offsets are a scam, a #MarketForLemons.

    11/

  11. CW: Long thread/11

    They taught a generation that resistance is futile, that anything you do to make a better future is a scam, and you're a sucker for falling for it. They planted nihilism with every tree.

    That scam never ended. Today, we're sold #CarbonOffsets, a modern #PapalIndulgence. We are told that if we pay the finance sector, they can absolve us for our climate sins. Carbon offsets are a scam, a #MarketForLemons.

    11/

  12. CW: Long thread/11

    They taught a generation that resistance is futile, that anything you do to make a better future is a scam, and you're a sucker for falling for it. They planted nihilism with every tree.

    That scam never ended. Today, we're sold #CarbonOffsets, a modern #PapalIndulgence. We are told that if we pay the finance sector, they can absolve us for our climate sins. Carbon offsets are a scam, a #MarketForLemons.

    11/

  13. @baldur Information asymmetries arise where one party to a transaction has more information than the other. Or, more often, each party has information unknown to the other, though in different areas.

    This means that a key assumption of free and competitive markets is violated: equal access to information. One party is advantaged over the other. In at least part. The topic has been a fairly hot area of research since the 1950s, notably by Kenneth Arrow and George Akerloff (#MarketForLemons).

    Information frictions affect both parties, and affect current awareness of long-term outcomes. The issue here is that neither side has a clear view of the ultimate benefit, or cost, of some decision.

    This is fundamental to the intersection of economics and technology, because all technologies, as means to some ends, have multiple dimensions:

    • Effects: positive and/or negative
    • Timeframe: short and/or long
    • Manifestation: high and/or low

    "Manifestation" is a term I'm using to indicate how apparent an outcome is, near-equivalent terms are "latent vs. manifest funtions" (#RobertKMerton), "overt vs. covert", or "cognizability". A manifest outcome is one clearly perceived, a non-manifest outcome is one poorly perceived. Or understood, communicated, detected, etc.

    #capitalism #InformationAsymmetry #InformationFriction

    5/

  14. @baldur Information asymmetries arise where one party to a transaction has more information than the other. Or, more often, each party has information unknown to the other, though in different areas.

    This means that a key assumption of free and competitive markets is violated: equal access to information. One party is advantaged over the other. In at least part. The topic has been a fairly hot area of research since the 1950s, notably by Kenneth Arrow and George Akerloff (#MarketForLemons).

    Information frictions affect both parties, and affect current awareness of long-term outcomes. The issue here is that neither side has a clear view of the ultimate benefit, or cost, of some decision.

    This is fundamental to the intersection of economics and technology, because all technologies, as means to some ends, have multiple dimensions:

    • Effects: positive and/or negative
    • Timeframe: short and/or long
    • Manifestation: high and/or low

    "Manifestation" is a term I'm using to indicate how apparent an outcome is, near-equivalent terms are "latent vs. manifest funtions" (#RobertKMerton), "overt vs. covert", or "cognizability". A manifest outcome is one clearly perceived, a non-manifest outcome is one poorly perceived. Or understood, communicated, detected, etc.

    #capitalism #InformationAsymmetry #InformationFriction

    5/

  15. Labour, markets, and complex information inflows at scale

    ...As a system scales, its capability to process complex informational inputs relative to smaller organisation decreases, due to the greater total informational load. That is, broadcast-mode systems are very good at transmitting complex signals, but they can generally only recieve simple, or at best, standardised, inputs. Executive attention and bandwidth are limited....

    old.reddit.com/r/dredmorbius/c

    #dreddit #economics #labour #complexity #information #systems #MarketForLemons #GreshamsLaw

  16. Labour, markets, and complex information inflows at scale

    ...As a system scales, its capability to process complex informational inputs relative to smaller organisation decreases, due to the greater total informational load. That is, broadcast-mode systems are very good at transmitting complex signals, but they can generally only recieve simple, or at best, standardised, inputs. Executive attention and bandwidth are limited....

    old.reddit.com/r/dredmorbius/c

    #dreddit #economics #labour #complexity #information #systems #MarketForLemons #GreshamsLaw