Re:Theranos, CEO Holmes, and Former President Balwani Charge...
by nradov on Wednesday March 14, 2018 @01:52PM
(#16586776)
Those kind of decisions are made on a purely emotional, reactive basis without going through the rational game theory analysis you laid out. Most wealthy investors are no more rational than the rest of us.
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Re:Theranos, CEO Holmes, and Former President Balwani Charge...
by jjoonathan on Wednesday March 14, 2018 @02:41PM
(#16587208)
An iterated game will tune emotional responses to achieve the same end.
Draper has no doubt had many chances in his life to provide negative but true and positive but false comments on his investments. If society punishes negative but true comments he's damn well going to notice and make fewer of them. If society further fails to punish positive but false comments about his investments, he's not going to invest the mental resources that would be required to avoid them.
A little experience substitutes for a lot of strategy.
Re:Theranos, CEO Holmes, and Former President Balwani Charge...
by fwdpropaganda on Wednesday March 14, 2018 @06:33PM
(#16588946)
What do you mean, "than the rest of us". That's how I think, so I have no reason to believe that other people can't do the same.
Re:Theranos, CEO Holmes, and Former President Balwani Charge...
by nradov on Thursday March 15, 2018 @10:38PM
(#16598164)
How sure are you that you really think that way? Most people make decisions based on emotion and intuition, then rationalize those decisions after the fact and fool themselves into believing they were rational from the start. Since human memory is so unreliable it's almost impossible to accurately determine which decision making process you actually followed.