March 14th, 2021
- generalized inspiration thread
- have generally found fairness to be a kind of geocentric concept, ie one that sorta makes sense but is now known to be confused in an important way
- fairness goes along with zero-sum frame-fixed thinking, often, I think
- “justify / excuse” is parallel to “cling / flinch”
- I have a hunch that this article by Werner Erhard & Michael C. Jensen about integrity and expectations is very very relevant to the NNTD, and that in fact the descriptive nature of it may make it actually the closest rigorous thing to the NNTD in a particular direction.
- > We summarize our new positive theory of integrity that has no normative content, (positive as used here is from the discipline of economics – it does not mean something good or desirable, it means the way the world actually is and operates) and argue that there are large gains from putting integrity into finance – into both the theory and practice of finance. We define integrity as being whole and complete and unbroken. We argue that if finance scholars, teachers and practitioners take this approach to applications in finance there are huge gains to be achieved.