Looking back, you’re completely correct. I totally missed that part in the OP and I’m not sure how ![]()
Thanks
Looking back, you’re completely correct. I totally missed that part in the OP and I’m not sure how ![]()
Thanks
That’s my point. You’re basing your decision on the premise that you’re somehow independent of the system you’re in. You’re figuring that you can somehow have decision making power that’s different than what everyone else has - that their decisions are locked in place and your decision is free.
In the real world, that condition doesn’t exist. Everyone has equal autonomy.
So if you try to figure out “What’s the best decision for me to make assuming everyone else makes Decision A?” or “What’s the best decision for me to make assuming everyone else makes Decision B?” then you’ve already made an error in your thinking. It’s like trying to make a decision based on whether or not you’re feeling lucky. If you start with a false premise, you can’t reach a valid conclusion.
The correct logic is to assume everyone in the system has the same decision making power - which is a realistic assumption. And then ask “Which achieves better results: everyone making Decision A or everyone making Decision B?”
Don’t be condescending. I am fully aware of the meaning of rationality in economic terms and that’s the way I have been using it.
It should be obvious I don’t need somebody to explain basic economic analysis to me if I already understand it enough to point out its shortcomings.
Yeah, I’m going to have to start being condescending at this point, because it’s pretty clear you have no idea what you are talking about. And on top of that, you have no interest in learning about it “Rational” in economics applies to individual actors in the market. That’s baked into the definition. You are using the term “rational” to mean something more like “logical.” The term “rational economists” makes no sense in the context of my original post. If you aren’t going to try to get out of your own ignorance, that’s not anybody’s problem but your own.
Or, you know what? Give me a definition of “rational economist” that comports with the definition of rationality I gave you. Let’s see if we can make sense of what you think you’re saying. But keep this in mind:
I’m curious if the Through the Wormhole episode described those that only donated a small sum, as cheaters. Or was that a label developed by the OP? Sounds like the scenario set up on the television show was a game of some sort, and with all games even if there aren’t clear objectives, participants will determine their own objective, which in this case sounds like was to collect the most money. If there weren’t any defined rules on how to do this, how can someone cheat.
And then for someone to extrapolate game playing to real life where there are laws and morals, etc., is a bit of a stretch.
Premise fail.