Actual rational actors understand that extreme loss has a disproportionate effect. (In other words, losing $100k is more than 1k as expensive as losing $100 fo

Actual rational actors understand that extreme loss has a disproportionate effect. (In other words, losing $100k is more than 1k as expensive as losing $100 for most of us.) Naive rationality may be easy to analyse but that just means that the GIGO transfer doesn't cost much.