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Topic	Politics Containment Topic 234: Epsteins;Gate
LordoftheMorons 08/12/19 5:08:35 PM #242:	ChaosTonyV4 posted... Capitalisms goal is to improve society incidentally in the pursuit of profit, and if the profit isnt obscene it wont happen. There is nothing wrong with this system. Im not trying to be mean, but how the fuck do you believe this? You're focusing on profit conditional on success. What matters as far as incentives are concerned are expected profits (also all else being equal I would prefer to have less risk, so I'll probably take a guaranteed 10% profit over like an average 11% profit where I get nothing 90% of the time). If we again assume that I have a 1% success chance of getting a safe, effective drug, but I only expect to make back 50 times my investment if I succeed, why would I do the research? I'd expect to, on average, lose half of my money. --- Congrats to Advokaiser for winning the CBX Guru Challenge! <cite>LordoftheMorons posted [p:925978393] in Politics C... [t:77929321]...</cite> <quote>ChaosTonyV4 posted... </cite> <quote>Capitalisms goal is to improve society incidentally in the pursuit of profit, and if the profit isnt obscene it wont happen. There is nothing wrong with this system. Im not trying to be mean, but how the fuck do you believe this?</quote>You're focusing on profit conditional on success. What matters as far as incentives are concerned are expected profits (also all else being equal I would prefer to have less risk, so I'll probably take a guaranteed 10% profit over like an average 11% profit where I get nothing 90% of the time). If we again assume that I have a 1% success chance of getting a safe, effective drug, but I only expect to make back 50 times my investment if I succeed, why would I do the research? I'd expect to, on average, lose half of my money. --- Congrats to Advokaiser for winning the CBX Guru Challenge!</quote> ... Copied to Clipboard!
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