News for hackers. Stuff that matters.
Re:A game theorist breaks down the effects of inequality by zAy0LfpBZLC8mAC on Sunday January 12, 2020 @11:48PM (#22031909)
If you have a billion dollars, there is nothing irrational about spending 100k on a car you don't really need. Those 100k have barely any utility for you, so it doesn't matter that the car also has barely any utility.
Re:A game theorist breaks down the effects of inequality by limomium on Monday January 13, 2020 @12:33AM (#22032080)
Spending anything on anything you don't really need is irrational by definition!
Re:A game theorist breaks down the effects of inequality by tsimionescu on Monday January 13, 2020 @03:40AM (#22032828)
Then that is a big problem with the model of a rational consumer, because no one operates to that standard, not even close.
Re:A game theorist breaks down the effects of inequality by zAy0LfpBZLC8mAC on Monday January 13, 2020 @07:37AM (#22033870)
Based on what definition exactly?