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I remember reading about a company's shares rising by like 400% after it added "blockchain" to its name. Rational agents are going to do rational things all ove
by curiousgal 7y ago
I remember reading about a company's shares rising by like 400% after it added "blockchain" to its name. Rational agents are going to do rational things all over the world /s.
- AznHisoka 7y agoIt's completely rational to buy a stock if you think other ppl are going to be irrational and make the price surge.
- whatshisface 7y agoI have an image of highly rational traders sitting in high pressure meetings coming up with stupid ideas so that they can front-run stupid people.
- 6gvONxR4sf7o 7y agoSounds like a keynesian stupid contest.
- icebraining 7y agoFor people who don't know the reference: https://en.wikipedia.org/wiki/Keynesian_beauty_contest https://en.wikipedia.org/wiki/Keynesian_beauty_contest
- tehjoker 7y agoWhat if you think everyone else is rational, but they'll all buy the stock for the same reason as you? It's an entirely rational system that leads to a completely irrational outcome.