gwern comments on Econ/Game theory question - Less Wrong

12 Post author: Psychohistorian 11 May 2011 08:17PM

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Comment author: gwern 11 May 2011 09:44:45PM 2 points [-]

Exogenous shocks to his wealth. By which I mean his rich irrational uncle left him land.

It doesn't matter! Asking why is dangerously close to sunk cost bias - what matters is the situation he's in, not why he's in it.