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> Economists might well ask what all this means for buying decisions I would not hold my breath on this one. Most economists and mainstream economic models see
by beefield 10y ago
> Economists might well ask what all this means for buying decisions
I would not hold my breath on this one. Most economists and mainstream economic models seem to be still struggling to grasp the concept that people _can_ make mistakes (i.e. not maximize their utility)[1], so an idea that you could analyze why and when people make mistakes must be completely mindboggling to them.
[1] If anyone has pointers, I am interested in even remotely mainstream micro models that do not reduce to utility maximization (with a possible unsystematic error term)