I'm not talking about the subjectivity of value at all, though I can see how tha... | Hacker News

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		voronoff on July 9, 2014 \| parent \| context \| favorite \| on: A Billionaire Mathematician’s Life of Ferocious Cu... I'm not talking about the subjectivity of value at all, though I can see how that might be unclear. I'm talking about the assumption of perfect information that is inherent in your statement.

Multics on July 9, 2014 [–]

In situations of asymmetrical information, there can be market solutions. Such as warranties.

The information, or the lack thereof is also reflected in the price.

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