Hacker News
new
|
past
|
comments
|
ask
|
show
|
jobs
|
submit
login
JackFr
81 days ago
|
parent
|
context
|
favorite
| on:
The paradoxical efficient market hypothesis (2024)
> they both find trades entertaining or have a cultural preference for doing business with each other
That is value. It is any benefit they capture which they would not otherwise.
AnthonyMouse
78 days ago
[–]
That's value from doing any transaction, not value from the thing you bought. They'd get the same value if they were trading seashells or shiny rocks.
Guidelines
|
FAQ
|
Lists
|
API
|
Security
|
Legal
|
Apply to YC
|
Contact
Search:
That is value. It is any benefit they capture which they would not otherwise.