Externality
An economic concept referring to effects that one party's behaviour imposes on third parties that are not reflected in market prices. It is divided into positive and negative externalities and is an important source of market failure.
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Externality is the classic economic tool for describing costs that are not borne by the decision-maker but shifted to third parties, and the costs of tech oligarchs' experiments (such as feed algorithms' consumption of attention and model training's occupation of data and energy) spill over heavily onto users, communities, and public resources.
When autonomous vehicles choose routes with the goal of maximizing self-interest, they impose negative effects on human-driven vehicles; this phenomenon is called externality.
The phenomenon in which an actor exclusively enjoys the benefits while transferring the costs to the entire system is an externality in the economic sense
All Facts (3)
Externality is the classic economic tool for describing costs that are not borne by the decision-maker but shifted to third parties, and the costs of tech oligarchs' experiments (such as feed algorithms' consumption of attention and model training's occupation of data and energy) spill over heavily onto users, communities, and public resources.
50%UnverifiedWhen autonomous vehicles choose routes with the goal of maximizing self-interest, they impose negative effects on human-driven vehicles; this phenomenon is called externality.
50%UnverifiedThe phenomenon in which an actor exclusively enjoys the benefits while transferring the costs to the entire system is an externality in the economic sense
50%