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Unformatted text preview: There are many dangers, of course. Strangers, who are unlikely to ever see you again have obvious incentives to cheat, lie, deceive, steal, overcharge, under deliver, etc. Reputation means little if two people meet only once, never to see each other again. Dealings with strangers can have even worse outcomes, however. If there is an imbalance on strength and power, contact with strangers can result in exploitation, enslavement, and death. Our improvements in welfare are fundamentally the result of our improved ability to deal with greater numbers of people, that is, our ability to overrule the perverse incentives that people have to cheat, exploit, or otherwise harm strangers....
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- Spring '11