From: Matt Gingell (mjg223@is7.nyu.edu)
Date: Mon Jul 31 2000 - 17:39:15 MDT
On Mon, 31 Jul 2000, Eliezer S. Yudkowsky wrote:
>mjg223 wrote:
>>
>> 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.
Yeah - throw in some spoiled caviar, call in some VC, and you've got a
whole business model going. Free market to the rescue again!
-matt
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