4 ms·
There should be a name for this kind of logical fallacy you're making. Like rational markets fallacy. You can't assume a market will always act rationally and f
by newen 6y ago
There should be a name for this kind of logical fallacy you're making. Like rational markets fallacy. You can't assume a market will always act rationally and freely in a simplistic manner.
It's kind of like saying the taxi market is efficient, it cannot possibly be disrupted. Then Uber comes in and disrupts the market and then you say, the taxi market was inefficient and ripe for disruption. While the fact remains that all along it was inefficient. Bad example I know.