News for hackers. Stuff that matters.

A comment on The richest families in Florence in 1427 are still the richest (2016). Parent comment

Re:The richest families in Florence in 1427 are still the ri... by Arnt on Thursday January 10, 2019 @06:56AM (#18873224)
Counterexamples matter a great deal when someone claims that something is a rule without exceptions. They're very nearly pointless when someone states something that has many obvious exceptions but still means something, "men are taller than women", "rich people can take risks that poor people cannot" etc.

https://en.wikipedia.org/wiki/St._Petersburg_paradox BTW.

[ Parent | on HN ]
Re:The richest families in Florence in 1427 are still the ri... by yipbub on Saturday January 12, 2019 @08:42PM (#18894479)
Which is what I was pointing out rhetorically...

Also, it's not just that rich people can takes risks that poor people cannot. It's that they never risk a minimum standard of living. Poor people making decisions like that do.

[ Parent | on HN ]