Is maximization or optimization necessary?
How right is it to maximize a single goal, to try to do the most possible? If the goal is only one thing, won’t other vital aspects of life …
Tag: efficiency
The Appeal of Risk-Taking: Risk Homeostasis, Risk Compensation, and the Efficiency Paradox
In his 1975 paper, Sam Peltzman argues that people respond to safety measures (ABS, seat belts, airbags) by taking more risks. The safer a car becomes, the more the …