> For a practical example, take a market for transplant organs: I'm an
> average guy with failing liver - a new one would be of great value to
> me - and I can beg, borrow, and, steal perhaps $1,000,000 to
> literally save my life. You, on the other hand, are a fantastically
> wealthy industrialist, worth more billions than you can conceivably
> spend the interest on, and you happen to like eating human liver,
> cooked, whipped, and spread on crackers. Since $10,000,000 is worth
> nothing to you, you easily out bid me.
The obvious solution is to sell the failing liver to the industrialist
and use the proceeds to buy yourself a new liver.
-- firstname.lastname@example.org Eliezer S. Yudkowsky http://singinst.org/singinst.html
This archive was generated by hypermail 2b29 : Mon Oct 02 2000 - 17:35:26 MDT