redline
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A : A complete suspension of diplomatic relations between the USA and Russia, sometime in 2023.
B : A Russian invasion of Poland, sometime in 2023.
C : Chicago Bulls winning NBA competition, sometime in 2023.
D <=> A & B
E <=> A & C.
In order to estimate the likelyhood of an event, the mind looks in the available memory for information. The more easily available an information the more it is taken into account.
A and B hold information that is relevent to each other. A and B are correlated and the occurence of one of them strengthens the probability of the other happening. The mind while trying to evaluate the likelyhood of... (read more)
Utility : Expression of subjective preference between two or more ways to acquire well-being.
Money : Measure of utility. Exchange means with the highest probability of acceptance.
Wage labor : contractual exchange of a portion of one's freedom to use a part of his life time against money. Each party seeks to secure its supply over time of convenience being exchanged . (subordination vs money) .
We learned early on that we could do more and better bearing our needs and desires by using mutual and exchange . By specializing in specific tasks and allocating tasks across multiple individuals, we make better performance. The value created is then redistributed between individuals via exchange.
Tasks and utility... (read 755 more words →)