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> If you agree, then how can you say both act rationally? Why should there be only 1 optimal way to play this game? Example of a game with 2 optimal ways to p
by ajuc 10y ago
> If you agree, then how can you say both act rationally?
Why should there be only 1 optimal way to play this game?
Example of a game with 2 optimal ways to play - tossing a coin and betting on head or tail.
- pbhjpbhj 10y agoSurely the optimal way to proceed when faced with betting on a coin toss is to keep your stake and guarantee you walk away with some money. Now it may be possible to evaluate the utility of engaging in a start-up and so act rationally in entering in to such an endeavour but I'd warrant that's not how it [ever] happens. Instead it's far more realistic to assume it follows the lottery model: that people's sense of hope, or wishful thinking, makes them choose to play [at lottery, or startups] despite the analysis indicating an alternate choice is most logical. We humans are not creatures of logic.