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"Companies will cut of their noses to spite their faces." Yeah this happens all the time. It is always weird to me when you have people who are staunchly libe
by georgemcbay 12y ago
"Companies will cut of their noses to spite their faces."
Yeah this happens all the time.
It is always weird to me when you have people who are staunchly libertarian/free-market who seem to assume companies and consumers are perfectly rational actors (which is the only way a lot of the theory they are so fond has a chance of working without outside regulation). I just want to shake them and ask them if they are even paying attention to... anything.
- pnathan 12y agoOne of the key things to recognize when considering rationality and reasonable behavior is that not everyone is reasonable.
- georgemcbay 12y agoNot only are some people often unreasonable, but nobody is always reasonable. Every single one of us has flaws that can be exploited (on purpose or just by coincidence) to cause us to act unreasonably in some situations... even when we're fully aware of this fact and actively trying to correct for it. Being reasonable even just most of the time is difficult work given all of the essentially hardwired flaws we are working against.