Re: [OT] (was): Robust Algorithms
From: David Longley (David_at_longley.demon.co.uk)
Date: 12/16/04
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Date: Thu, 16 Dec 2004 11:21:32 +0000
In article <41c14720.59338130@news.east.earthlink.net>, David James
Polewka <joseywales@outlaw.nospam> writes
>"=?iso-8859-1?q?J=F3n?= Fairbairn" <jon.fairbairn@cl.cam.ac.uk> wrote:
>
>>Ralph Hartley <hartley@aic.nrl.navy.mil> writes:
>>
>>> David James Polewka wrote:
>>>
>>> > That's right! The number of people who believe something
>>> > has nothing to do with whether it is true or false! Never has,
>>> > and never will!
>>>
>>> Many people disagree with that!
>>
>>Actually, there's an instance where it does: money. If
>>enough people believe that the dollar is worth less, it's
>>worth less. ;-)
>
>Any more? How about an exhaustive listing!?!
>
>
>=========================
> "Endeavor to persevere"
>=========================
Even in the above case, it isn't what people *believe* that determines
the "value" of the dollar, it's what's *done* with "it". The fact that
these behaviours (e.g trading) need not even be done by *people* shows
that a) it has nothing to do with "belief" and b) that it doesn't matter
how *many* agents are involved. It comes down to subtleties to do with
the *rates* of behaviours and their controlling contingencies.
"Mentalistic" economics provides no more support than the original
"mentalistic" psychology which began this exchange. It's just another
egregious example of the same problem - "mentalism" and intensional
opacity.
-- David Longley http://www.longley.demon.co.uk/Frag.htm
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