[TheOtherHobbes]

It's interesting that in this context the assumption of infinite growth is obviously unrealistic - but in the context of trad econ, infinite growth is considered a bedrock assumption.

Putting them together suggests it's flagrantly irrational to apply naive toy models to the real world. Even if they do have a nice mathy sheen.

Engineers (mostly) know this, but for some reason gamblers and economists (mostly) act as if they don't.

[lern_too_spel]

When you're this far away from saturation, infinite growth is a good approximation.

[lern_too_spel]

I don't mean specifically the St. Petersburg paradox but in the context of most things that economists analyze that have an infinite growth assumption.