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People often want/need to live near their friends and family, which makes them irrational from the market's point of view. Treating location as fungible gives t
by littlecosmic 4y ago
People often want/need to live near their friends and family, which makes them irrational from the market's point of view. Treating location as fungible gives them cheaper housing, but isolation.
- lotsofpulp 4y agoWanting to live near friends and family is rational. It all gets fed into the utility function that tells people if something is worth paying for or not, and people are what the market is composed of.