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by no-name-here 27 days ago
I imagine a number of Hacker News members might be devs that haven't dealt with terms like “price discovery” before, so we should all try to show grace.
1 comments

My apologies. I was taught that term in 7th grade econ. I assumed it was common vernacular.
Even among college graduates, only 17% could correctly answer a basic econ question (pre-AI) [1].

I looked up one ~1,000 page econ textbook, and it does not seem to mention price "discovery", or at least the only uses of the word "discovery" were about things like a scientific/oil discovery [2].

"Even high-achieving students demonstrate relatively lower understanding of economics compared with other subjects." [1]

[1] https://www.carolinajournal.com/opinion/why-americans-flunk-...

[2] https://assets.openstax.org/oscms-prodcms/media/documents/pr...