Privacy improves exchange. Markets function under surveillance, imperfectly, and the claim is narrower than abolition of trade under observation: privacy improves coordination wherever humans deliberate, negotiate, and transact.
Thinking shaped by anticipated observer reactions becomes performance. Negotiation depends on asymmetric disclosure; revealing maximum willingness to pay collapses the bargain. Confidential terms let parties structure arrangements competitors cannot copy.
Thinking shaped by anticipated observer reactions becomes performance. Negotiation depends on asymmetric disclosure; revealing maximum willingness to pay collapses the bargain. Confidential terms let parties structure arrangements competitors cannot copy.
