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Something isn’t a good value simply because you can convince someone to pay for it. Econ 101 will fill your head with the rational market hypothesis and perfect
by camgunz 6y ago
Something isn’t a good value simply because you can convince someone to pay for it. Econ 101 will fill your head with the rational market hypothesis and perfect information, but humans are irrational and have nothing even approaching perfect information. We’re bamboozled all the time.