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Understand that the people arguing with you aren't doing so because they don't know or understand the theory, they're arguing with you because the theory is a t
by roughly 2y ago
Understand that the people arguing with you aren't doing so because they don't know or understand the theory, they're arguing with you because the theory is a toy that only works under very specific conditions which are almost never met in the real world.
- BurningFrog 2y agoEconomists have studied that question a lot, and the general result is that the theoretical models work quite well, even on substantially imperfect markets. I think these concerns are pretty similar to the religious idea that "evolution is just a theory". Our human minds really don't want to admit any facts that would force us to change our world view.