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Of course. If everyone was a perfect little rational automaton then they would weigh all the factors and choose appropriately. Bu they aren't. Social and cult
by malyk 14y ago
Of course. If everyone was a perfect little rational automaton then they would weigh all the factors and choose appropriately.
Bu they aren't.
Social and cultural norms, advertising, pride, self esteem, distance and on and on influence people to choose the hair products over people's lives.
I'm not saying its wrong to want to keep your hair over saving people from malaria. But I am saying its wrong to think that "the market" is this perfect thing and "rational actors" actually exist.
The market is great, but it isn't right about everything, and people don't have enough information and are too easily influenced by everything else to be considered rational about anything.
- rapind 14y agoIt's also entirely possible that if baldness was cured, he'd have more hair, which would give him more confidence, which would in turn affect everything in his life including his earning potential, which he may then donate to curing malaria in much greater amounts. At least if I was selling Rogaine, that's how I might spin it.