Cognitive biases are a real problem for free markets, but the question isn't whether free markets are perfect, it's how they compare to the alternatives. Peopl

Cognitive biases are a real problem for free markets, but the question isn't whether free markets are perfect, it's how they compare to the alternatives. People can make poor choices because of cognitive biases, or they can have choices made for them by other people with cognitive biases. The other people can be unelected, unaccountable leaders, or leaders that are chosen by voters, and politics seems to be where cognitive biases are worst. In general, I would rather suffer for my own cognitive biases than the biases of elected officials and voters, but that's not to say I advocate for free markets in every scenario, because there is a lot more to consider than individual choice in that discussion.