Meediasis

Meediasis is a hypothetical condition used in the context of a thought experiment to illustrate the concept of "negative value" in economics. The term was coined by economist Tyler Cowen to discuss the idea of something having a negative value, which is counterintuitive because value is typically thought of as positive. In this scenario, Meediasis is described as a condition that causes a person to experience intense discomfort and pain, but also provides a small amount of pleasure. The overall effect is that the discomfort outweighs the pleasure, leading to a net negative value for the person experiencing it.

The concept of Meediasis is used to challenge the conventional wisdom that value is always positive and to explore the complexities of human preferences and decision-making. It highlights the fact that people's preferences can be influenced by a variety of factors, including emotional responses, and that these preferences do not always align with objective measures of value. The term Meediasis has also been used in discussions about the ethics of technology and the potential for new technologies to create negative values for individuals or society as a whole.