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mdgrech23

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Coding might go the way of woodworking

4 points·by mdgrech23·2 maanden geleden·2 comments

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mdgrech23
·4 maanden geleden·discuss
I can't say I know the AI research community well but I'd imagine OpenAIs alignment w/ the military would not align w/ the the personal philosophy of many.
mdgrech23
·6 jaar geleden·discuss
Inelastic just means consumers aren't sensitive to price. The classical example is prescription drugs. Consumers are not price sensitive b/c they NEED those drugs. As such the seller can raise price and not see a drop off in sales.

I think a good example of a highly elastic good is hamburgers. Is McDonalds raises burger prices by 300% there a ton of other options for consumers to switch to and sales will drop.