Re: counter-theory - would you also argue there is no “raw” wealth? To me it seems the argument is broadly the same—there are many distinct inputs, some with hard-to-determine value, some with complex realtionships. (A fresh Harvard graduates beeing “poorer” than farmers in Nepal due to loans, etc.). Still, the aggregate concept is useful and in practice is often quantified.
I would argue you can guess at the shape by observing how some sort of “addition” operation on the inputs changes the output. (Like you can have fairly complex function F with many inputs, which is then perceived through some non-linear lens, like P(F()) … you can still guess at P() from partial derivative of P(F()), if you assume e.g. F() is nothing worse than some sort of polynomial )
Re: suspicion. This sort of aggregation goes on in many places when making decisions. Apparently the sort of problem this propsal hints at is usually not reflected at all, and the aggregation goes on by simply averaging the perceptions.
Re: counter-theory - would you also argue there is no “raw” wealth? To me it seems the argument is broadly the same—there are many distinct inputs, some with hard-to-determine value, some with complex realtionships. (A fresh Harvard graduates beeing “poorer” than farmers in Nepal due to loans, etc.). Still, the aggregate concept is useful and in practice is often quantified.
I would argue you can guess at the shape by observing how some sort of “addition” operation on the inputs changes the output. (Like you can have fairly complex function F with many inputs, which is then perceived through some non-linear lens, like P(F()) … you can still guess at P() from partial derivative of P(F()), if you assume e.g. F() is nothing worse than some sort of polynomial )
Re: suspicion. This sort of aggregation goes on in many places when making decisions. Apparently the sort of problem this propsal hints at is usually not reflected at all, and the aggregation goes on by simply averaging the perceptions.