Concept
Jevons Paradox
The observation that making an activity cheaper or more efficient tends to increase total consumption of it rather than reduce total spending, since falling costs unlock new uses and higher volume.
Jevons Paradox
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… is why people talked about like the jeans paradox is this pricey elasticity because jeans paradox is just pricey elasticity applied price elasticity.
… There's this concept of Jevons paradox of just as we can do more, we hire more and it's not actually as scary as it looks. What have you experienced so far, I guess, with AI becoming a big...
Concept
Jevons Paradox
The observation that making an activity cheaper or more efficient tends to increase total consumption of it rather than reduce total spending, since falling costs unlock new uses and higher volume.
Related Concepts2
Related Frameworks1
Related Practices10
Ask about this concept
Transcript mentions
… is why people talked about like the jeans paradox is this pricey elasticity because jeans paradox is just pricey elasticity applied price elasticity.
… There's this concept of Jevons paradox of just as we can do more, we hire more and it's not actually as scary as it looks. What have you experienced so far, I guess, with AI becoming a big...