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96

4/28
Ortiz on decision making - in Uncertainties Outlines Basic Theories

one of the big names is Shackle

[[image - abstract sketch of reverse S shape with swirls]]

Coderes mistatement [[misstatement]] on impossibility of maximizes w/out bookkeeping
focus gain  (best & worst outcomes)
focus loss

Ortiz shows that Shackle doesn't apply to peasants

[[image - sketch of boxes and lines]]
[[image - sketch of fishing at a dock, waves below caught fish]]
[[image - abstract sketch with many swirls]]

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97

5/1 - Ortiz (contd.)

an optimizer maximizes utility not profit
progressive vs conservative farmers; if have enough wealth can afford to take risks
if close to margin will maximize utility not profit
I use resources to fulfill goal 1 till satisfied & then [[strikethrough]] also [[/strikethrough]] go on to goal 2; I do not continue maximizing goal 1

coalitions
Indians formed coalitions on prod, consumption & sale of food so no one would starve
you should plan on enough surplus to give to others if necess
she then says this explains part of Bohannan
you restrict exchanges to protect the community
will there be enough left in the coalition if you sell your own surpluses

coalition can tolerate small amt of leakages, but if too much sold damages the community