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Present Past Subjects Projects Misc
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INTROVERTS TO CAPITAL MARKETS
Date: Thu, 12 Sept 1996 From: davidkremers Subject: introverts hi guys... was replying to my sister this morning...whe's complaining about being an introvert returning to law practice and having to network etc...when it occured to me that our market economy is designed by extroverts for extroverts... so what's happening to the net economy could be looked at as an economy designed by introverts for introverts... no wonder the two are having such a tough time coming together... dk Date: Fri, 13 Sept 1996 From: Jouke Kleerebezem Subject: Re: introverts how'bout a market designed by misanthropists for misanthropists?... or by hypochondriacs for hypochondriacs? some forecast an abundancy of increasing (micro) returns in them niche-to-niche markets... I'll consider an economy designed by elitists for elitists this week-end which I'll spend in the country, J. Date: Fri, 13 Sept 1996 From: Paul Perry Subject: Communities -> Markets (Was introverts) I like this. On Wednesday I found myself again telling my old story about how environmental changes are always coupled with changes in selection criteria to a group of students (ie. the "extrovert" people manager gradually becoming less selected for and the "nerd" personality more selected for, aka the "nerds will inherit the earth" scenario [1]). I've always represented this idea as a power shift and discussed the potential for friction between the two camps. That friction would arise between offline and online communities would seem a logical result of the power shift: the offline community's resistance to its "loss of power" and the online community giving in to the temptation to flex its growing muscles. What I like now is the replacement of the concept of community for the more potent (and somewhat more magical) word: market. The introvert/mysanthropist or hypochondriac market Jouke proposes need not usurp old power capital from the extroverts. The two could exist simultaneously. Why should there be a power struggle? The obvious reason for conflict would be if we/them believed that limited resources were being gained/lost. It has been noted elsewhere that we are routinely conditioned to perceive resources as limited in scope and fixed in amount whereas in fact we could easily see them as being boundless [2]. New markets creating new resources to distribute? -- Paul [1] Also expressed as the maxim: On the net the best writers get laid. [2] Barker, Ben: Abundance and Scarcity The Freeman, June 1983 John McCarthy's sustainability pages: http://www-formal.stanford.edu/pub/jmc/index.html See also: The work of Julian Simon, The Extropian Philosophy (esp. The Extropian Principles) Date: Fri, 13 Sept 1996 From: davidkremers Subject: Re: Communities -> Markets (Was introverts) ...the new currency model from the net is not money but attention... if the environment selects new personality traits [the nerd] might it also select new resources?...of course...electricity and silicon were not considered resources until the technology was invented to exploit them...if attention and creativity are resources then they are waiting for the tools to harness their energy... dk Date: Sat, 14 Sept 1996 From: Paul Perry Subject: Re: Communities -> Markets (Was introverts) Wasn't pornography invented to capture attention energy? -- Paul Date: Sat, 14 Sept 1996 From: david kremers Subject: alchemy and turn it into gold... dk Date: Sun, 15 Sept 1996 From: Paul Perry Subject: Re: alchemy Hi David, JK, I'm leaving tomorrow to visit Vancouver for 6 days, *without my powerbook*, so I'll be offline. JK: I'm curious concerning your thoughts on an elitist market for elitists... Pray continue. dk: Would you please remember to Cc: or include both Jouke and myself in your To: header when you reply to one of our mails? It would be a shame if our conversation skipped beats because two of us inadvertently 'went private'. Til next week! -- Paul Date: Sun, 15 Sept 1996 From: david kremers Subject: Re: alchemy hi guys... something tells me my reply all option has been changed... have a great trip paul...phone me if you get down this way... my sister and menshikov have been duking out the introvert part and i'll forward their latest on to you... dk Date: Sun, 15 Sept 1996 From: david kremers Subject: Fwd: Re: capital markets ---- Begin Forwarded Message Date: Sat, 14 Sept 1996 From: menshikov Subject: Re: capital markets davidkremers and Paul Perry wrote: hi yet again... and this just in from paul perry...you can see how these discussion threads mutate over the net like molds... dk The introvert/mysanthropist or hypochondriac market Jouke proposes need not usurp old power capital from the extroverts. The two could exist simultaneously. Why should there be a power struggle? The obvious reason for conflict would be if we/them believed that limited resources were being gained/lost. It has been noted elsewhere that we are routinely conditioned to perceive resources as limited in scope and fixed in amount whereas in fact we could easily see them as being boundless [2]. New markets creating new resources to distribute? FOR PAUL PERRY I agree: resources are not really limited at any given moment. Neither do we tend to fully use the available ones. People are unemployed. Capital is plenty and largely wasted. In many restaurants half or less of the tables are occupied and yet they are kept and bring a profit. Mainstream economics is based on the pretence of limited resources because it follows a 19th century tradition of analysis. Conclusions: people are greedy, they are maximisers, they grab everything around. In reality: most people are satisficers - they want to keep going at their present rate. Thanks anyhow for comments. SM From: Paul Michael Perry Subject: Re: Fwd: Re: capital markets At 18:28 -0700 15/9/96, david kremers forward to me/us: In reality: most people are satisficers - they want to keep going at their present rate. Thanks anyhow for comments. SM Or as they say, "Greed works." (And pretty well I think). I'm just heading out the door for a week. But before I leave I've got to ask... What do you mean by a "satisficer" (sic)? A satisfied sacrificer? Happy to give it all away? How do to reconcile the "satisficers" with the "maximizers"? Peace, -- Paul Date: Mon, 16 Sept 1996 From: menshikov Subject: Re: Fwd: Re: capital markets Dear Paul: I will tell you about satisficing when I am a bit free from urgent work. Are you in Groningen? What are you doing? SM Date: Mon, 16 Sept 1996 From: menshikov Subject: Re: Fwd: Re: capital markets Dear Paul: Satisficing is an alternative to maximizing as an explanation of company and consumer behaviour. Some latest textbooks treat it in footnotes or boxes. One example. A company does not really seek maximum profit because it does not know what it sales will be. Therefore it sets itself a normal projection of sales based on its best estimates. The ideal is satisficing with previous period sales or average for a number of years. Within that goal it solves the cost minimization problem. It is maximization only in a limited sense, bound by desirable sales constraint. Another example. The consumer is satisfied with a certain total utility level which agrees with his equilibrium versus his household and the outer world. He does not necessarily wish to increase his consumption if his income rises (the permanent income hypothesis). Within that minimum utility constraint he may wish to minimize his expenditure or may not even care about that if he feels that goal is reached automatically. Satisficing strategies are important because they tend to produce surpluses of resources that might or might not be used immediately. If the agent has a substantial altruistic component in its basic behaviour function it could also use his surplus for aiding others (not necessarily within his family which he does ex officio as its member). Satisficing functions could be used for better forecasts of economic agents' behaviour and economic conditions in general. All the best, SM Date: Sun, 29 Sept 1996 From: Jouke Kleerebezem Subject: Round 3; Two more sponsors; and Tele-citizenship FYI October 2-12 I will be helping USAID develop the concept of tele-citizenship into a program called TeleJamaica to connect Jamaicans living and working in richer countries to development needs in Jamaica initially by an 800 telephone number and then via email and other means. This is one of the strategies to counter some of the effects of the brain drain, and let professionals who have migrated to help their original country without having to give up their high paying jobs overseas. Anybody know of other countries that have tried this? And what about the brain drain from RL to 'cyberspace'? Should we telecorrect our absence from the killing fields of contemporary daily life on the old planet? J. Date: Mon, 30 Sept 1996 From: david kremers Subject: Re: Round 3; Two more sponsors; and Tele-citizenship hi guys... Anybody know of other countries that have tried this? ...no, i don't...the closest i've heard so far is the very successful program of providing free computers in the brooklyn libraries...useful because it allows people to help themselves and build goals and self esteem in topics which they are truly interested in... And what about the brain drain from RL to 'cyberspace'? Should we telecorrect our absence from the killing fields of contemporary daily life on the old planet? ...balancing out the epower structure is a good cause...and probably very helpful on a large scale...but the more time i spend with charitable projects the more i think that human culture is going to level out only one human at a time...we will each have to find one other person who we can look after over the long haul in person...and stick with it... dk Please report errors to --> errors@alamut.com This page was first created on --> 7/9/98; 14:40:03 CET This page was last modified on --> 14/9/98; 9:10:48 CET
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