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That economic fiction requires an ideal rationale actor and a different time horizon. 1) Noble price researchers (Kahnemann & Tversky) showed that economic act
by heisenbit 10y ago
That economic fiction requires an ideal rationale actor and a different time horizon.
1) Noble price researchers (Kahnemann & Tversky) showed that economic actors are not rationale.
2) Taking a long term view tends to require sufficient funding to allow to worry about the long term. People with lower level funds intensely worry about the short term and for them this is totally rationale.