I recognise that I am not an expert in economics. I am certainly not good enough to presume that I can create a model that compares with cutting edge models.
As a mathematician/computer scientist, I recognise that there is limited benefit to me expressing my simple thoughts in mathematical form.
However, I am opinionated enough to have an opinion:
- I believe that basic income allows people to invest in themselves through education or simply taking small risks without the constant and desperate need to either work or degradingly grovel to the state to pay for their basic upkeep. This would allow people the option of taking entrepreneurial risks which are generally available only to the upper-middle- and rich-classes. I do not believe that everyone would take any such opportunity but I believe we should seek to give this type of opportunity to everyone, and a basic income seems a fair way of doing that.
- I believe that basic income would create an economic shock in any country that implemented it universally, the consequences of which are not immediately obvious, may cause difficulties perhaps including rent-seeking behaviour from certain sectors and gross inflation of necessities. I believe that the unknown consequences make implementation politically difficult, but that the eventual outcome would be good for society as a whole.
I already include the former in my model, albeit in a very limited form. See the jk_rowling term - you probably want to alter that until it describes your beliefs rather than mine. Then if I find it plausible, I will update my model to include it and see if it significantly affects my results.
I don't know what your second bullet point is talking about - unlike a mathematical model, your words are unclear.
> unlike a mathematical model, your words are unclear.
Given that, I would argue that my words are a better model for reality than mathematics :)
> you probably want to alter that until it describes your beliefs rather than mine.
Exactly. You are just stating your beliefs. The fact that you have stated them in a faux-mathematical way doesn't make them any more sensible or coherent.
Did you figure that out from the part of the blog post where I explicitly said "the involvement of numbers does not make an argument empirically correct..."?
The math simply makes my assumptions obvious and my reasoning clear. That's all it is meant to do. And again, if you believe my assumptions are not sensible, replace them with your own and rerun the model.
After you do that, I won't be confused about what you believe.
>And again, if you believe my assumptions are not sensible, replace them with your own and rerun the model.
And again, I won't be doing that because I think representing the situation as a naive, untestable model adds zero value to any debate about Basic Income. I don't believe that what I said was especially hard to understand for someone who had an interest, and you could have asked me to clarify any point you wanted.
If this model is supposed to represent the total of your beliefs about Basic Income, then it's not clear to me that you have considered the issue at all.
The part where you say "I’m more interested in Monte Carlo than in politics" makes this explicitly clear.
However, I am opinionated enough to have an opinion:
- I believe that basic income allows people to invest in themselves through education or simply taking small risks without the constant and desperate need to either work or degradingly grovel to the state to pay for their basic upkeep. This would allow people the option of taking entrepreneurial risks which are generally available only to the upper-middle- and rich-classes. I do not believe that everyone would take any such opportunity but I believe we should seek to give this type of opportunity to everyone, and a basic income seems a fair way of doing that.
- I believe that basic income would create an economic shock in any country that implemented it universally, the consequences of which are not immediately obvious, may cause difficulties perhaps including rent-seeking behaviour from certain sectors and gross inflation of necessities. I believe that the unknown consequences make implementation politically difficult, but that the eventual outcome would be good for society as a whole.
Can you add these to your model?