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If you have a billion dollars, there is nothing irrational about spending 100k on a car you don't really need. Those 100k have barely any utility for you, so it
by zAy0LfpBZLC8mAC 7y ago
If you have a billion dollars, there is nothing irrational about spending 100k on a car you don't really need. Those 100k have barely any utility for you, so it doesn't matter that the car also has barely any utility.
- limomium 7y agoSpending anything on anything you don't really need is irrational by definition!
- tsimionescu 7y agoThen that is a big problem with the model of a rational consumer, because no one operates to that standard, not even close.
- zAy0LfpBZLC8mAC 7y agoBased on what definition exactly?