Comments on: Inequality Redux http://modeledbehavior.com/2009/10/16/inequality-redux/ Sun, 12 Feb 2012 01:36:54 +0000 hourly 1 http://wordpress.com/ By: Levi http://modeledbehavior.com/2009/10/16/inequality-redux/#comment-650 Thu, 22 Oct 2009 12:58:14 +0000 http://modeledbehavior.wordpress.com/2009/10/16/inequality-redux/#comment-650

This fits with our model that the problem with inequality is that it encourages risk taking.

Interestingly, species with higher levels of promiscuity have greater differentials between the average lifespan of males and females. Inequality, in this sense, results from the presence of greater rewards for risk taking.

]]> By: RickRussellTX http://modeledbehavior.com/2009/10/16/inequality-redux/#comment-648 Mon, 19 Oct 2009 01:18:21 +0000 http://modeledbehavior.wordpress.com/2009/10/16/inequality-redux/#comment-648 I’ve been reading Cato Unbound as well. It strikes me that we need a different model for consumption, a model that admits that given the same current assets, rational actors will choose different yet completely rational and valid ways to maximize their utility. For you, utility maximization may be security in the form of services (health insurance, job security, the protection of a labor union), while for me it may be utility in the form of a fat bank account. Both are legitimate forms of utility maximization.

]]>