Any sort of formal decision-making process is an algorithm. Are landlords supposed to just have a hunch about what the rent ought to be? Or would it be like a “no calculators” test in school, where you’re still allowed to do the same thing but with pencil and paper?
You’re correct in theory. However, in practice it’s likely to end up the same way publishing CEO salaries ended up leading to a constant rise in CEO salaries, rather than curtailing them, as intended.
Any sort of formal decision-making process is an algorithm. Are landlords supposed to just have a hunch about what the rent ought to be? Or would it be like a “no calculators” test in school, where you’re still allowed to do the same thing but with pencil and paper?
You’re correct in theory. However, in practice it’s likely to end up the same way publishing CEO salaries ended up leading to a constant rise in CEO salaries, rather than curtailing them, as intended.
Landlords are parasites.