The lesson your class was supposed to learn is that people aren't always rationa... | Hacker News

Hacker Newsnew | past | comments | ask | show | jobs | submit

		dsr_ on May 16, 2018 \| parent \| context \| favorite \| on: The Entire Economy Is MoviePass Now The lesson your class was supposed to learn is that people aren't always rational. Did they? (And did your economics class then go on to assume everyone is perfectly rational and understands their own utility functions, anyway?)

sullyj3 on May 16, 2018 [–]

Rational doesn't mean valuing every dollar exactly the same. Buying a $1 for more than $1 from an economics professor is funny, maybe a good story, maybe a good keepsake, and plausibly worth more in utility than what they paid.

Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact