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She's not "preventing a more efficient allocation of a scarce resource." She's "preventing reallocation of her own resource." Good for her! Only she knows what
by stronglikedan 8y ago
She's not "preventing a more efficient allocation of a scarce resource." She's "preventing reallocation of her own resource." Good for her!
Only she knows what's best for her property. There's nothing irrational about doing what you want with what you got. It's the opposite that's irrational.
- JAlexoid 8y agoActually... She is being irrational, because her decision is clearly made on emotional grounds. But it's her right. I hope it bites her, but it's her right to be irrational.
- sokoloff 8y agoThough that's the story being portrayed (because "fully rational person does fully rational things" doesn't get many clicks/much interest), it's quite possible that the actual strategy is as suggested here: https://news.ycombinator.com/item?id=19119286 https://news.ycombinator.com/item?id=19119286
- thfuran 8y ago>Only she knows what's best for her property. There's nothing irrational about doing what you want with what you got. Wait, so is it supposed to be the market deciding or this one lady?
- cfmcdonald 8y agoThere is no difference? The market is the sum of the decisions of individual actors.