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Re:Why people make dumb financial decisions on purpose by bluetomcat on Saturday September 03, 2022 @02:00PM (#32704389)
This represents the trap of over-rationalisation which is so prevalent in the Western world. You cannot devise universal rational guidelines suitable for every situation and every subjective experience. There is a multitude of various different factors involved in every particular situation. The lean and precise rational model breaks badly simply because it doesn’t (and can’t) account for all the factors.

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