I refer you to the discussion a few days back on people not being accurately modeled as rational agents: https://news.ycombinator.com/item?id=32181987 https://n

I refer you to the discussion a few days back on people not being accurately modeled as rational agents: https://news.ycombinator.com/item?id=32181987 https://news.ycombinator.com/item?id=32181987 Companies and entire markets follow similar patterns of only having bounded rationality, IMHO. Markets can also have decades of slack or delay from stimulus to outcomes. Take the slow decline of Boeing after acquiring McDonnell Douglas and their MBA heavy structure. https://qz.com/1776080/how-the-mcdonnell-douglas-boeing-merger-led-to-the-737-max-crisis/ https://qz.com/1776080/how-the-mcdonnell-douglas-boeing-merg...