vault backup: 2026-04-12 02:38:27

timestamped/2026-04-06_16-47-44.md

@@ -17,31 +17,8 @@ yearly: "[[2026]]"
 ---
 # 2026-04-06 16:47:44
 
-## Nirvana Fallacy
-
-The [nirvana fallacy](https://en.wikipedia.org/wiki/Nirvana_fallacy)
-also called the "perfect solution fallacy"
-is the mistake made when a solution proposed to replace one existing
-is judged against a hypothetical perfect solution
-rather than the solution in current use.
-
-> [!quote] Harold Demsetz "Information and Efficiency: Another Viewpoint" (1969)[^1]
-> The view that now pervades much public policy economics
-> implicitly presents the relevant choice
-> as between an ideal norm and an existing "imperfect" institutional arrangement.
-> This _nirvana_ approach differs considerably
-> from a _comparative institution_ approach
-> in which the relevant choice is between alternative real institutional arrangements.
-
-[^1]: Harold Demsetz
-    "Information and Efficiency: Another Viewpoint"
-    _The Journal of Law and Economics_
-    Volume 12, Number 1
-    (April 1969)
-    [doi:10.1086/466657](https://doi.org/10.1086%2F466657)
-
 The "_[[the-failure-of-risk-management#_Exsupero Ursus_|exsupero ursus]]_ fallacy"
 as coined by Douglas Hubbard in [[hubbard_2020_failure]][^2]
-describes the same problem.
+is a restatement of the [[nirvana-fallacy]].
 
 [^2]: Or earlier? I can't recall.