"Of course questions arise like 1. What if the client doesn't have access to accurate and objective information about his choice of a coach, 2. What if the client is somehow unduly influenced, 3. What if the client is insane?"
Well, then he won't make a very smart offer I guess. He's still getting exactly what he asked for.
Thanks for your input. There are other ways to think about those questions. I suppose you are a capitalist-libertarian type, huh?
Well, that's the basic idea. I'm not really sure where to draw the line, I just don't generally like the idea of being punished for someone else's lack of responsibility, that suddenly I have to become charitable because someone else wasn't being wise. I would think the person who wasn't being wise is the more deserving of the punishment.
Asymetrical information is a hinderance to capitalism. Supporting situations where one side may take advantage of this asymetrical information is not being pro-capitalist, but rather ignorance of what free markets are all about.
And... supporting the other two scenarios is just insane.
"Of course questions arise like 1. What if the client doesn't have access to accurate and objective information about his choice of a coach, 2. What if the client is somehow unduly influenced, 3. What if the client is insane?"
Well, then he won't make a very smart offer I guess. He's still getting exactly what he asked for.
Thanks for your input. There are other ways to think about those questions. I suppose you are a capitalist-libertarian type, huh?
Well, that's the basic idea. I'm not really sure where to draw the line, I just don't generally like the idea of being punished for someone else's lack of responsibility, that suddenly I have to become charitable because someone else wasn't being wise. I would think the person who wasn't being wise is the more deserving of the punishment.