[ExI] Inflation graph

[Mirco Romanato]

Il 30/11/2013 09:53, Anders Sandberg ha scritto:
> On 2013-11-30 00:36, Kelly Anderson wrote:
>> On Fri, Nov 29, 2013 at 12:18 PM, John Clark <johnkclark at gmail.com
>> <mailto:johnkclark at gmail.com>> wrote:
>>
>>
>>     So your theory can't make good predictions. A theory that can't
>>     make good predictions is as useless as a sack full of dead rats in
>>     a tampon factory.
>>
>>
>> Isn't that pretty much the entire field of Economics? If you could
>> predict it, someone would make money off of that prediction, forcing
>> the prediction to not come true.
> 
> That is a bit of a misunderstanding: it only applies to efficient
> financial markets. Economics also predicts that if you lower the price
> of your lemonade, more people will tend to buy it.

Technically, it just tell there will not be a decrease of buying (it
could be the same OR more).

If at price X I sell all the lemonade the market actors want, I could
halve the price but I would not sell more lemonade.

Mirco