The factor about Hobson | Seth’s Weblog

Individuals discuss Hobson’s alternative as if it’s all the time a nasty factor. A liveryman in pre-industrial London, he rented horses. And each buyer was allowed to take the horse closest to the door. Hobson’s alternative isn’t any alternative in any respect.

In fact, this method meant that the horses had been rotated, and the fanciest ones weren’t overworked. It meant that you simply didn’t get to insist on a range that was sub-optimal for the ridership as an entire.

It’s tempting to think about that when every particular person chooses, all of us come out forward.

However typically, Hobson has some extent.

November 30, 2023