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@ Cory Doctorow
2025-02-24 10:50:50
In order to calculate the "just and reasonable profit," these experts make use of economic models. Even in normal economics, these models are the source of infinite mischief and suffering, built on assumptions that legitimize the most abusive conduct:
https://pluralistic.net/2023/04/03/all-models-are-wrong/#some-are-useful
But even by the low standards of normal economic models, the utility models are *really* bad. They rely on unique "risk premium" and "expected earnings" calculations that no one else in finance will touch.
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