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We have our moments. But relying on rationality is an assumption that will bite you in the ass every time. Just look at markets, even when there's a clearly sup
by bena 5y ago
We have our moments. But relying on rationality is an assumption that will bite you in the ass every time. Just look at markets, even when there's a clearly superior option, there's been plenty of times the inferior product wins.
Often because that inferior product manages to exploit our irrational selves either intentionally or unintentionally.