Comment on Rationality is Systematized Winning

Fri, 03 Apr 2009 21:21:38 GMT

I don't follow.

I used the lottery as an example of very randomized wins. It's the "right place at the right time" factor. Some events in life are, for all practical purposes, randomized and out of an agent's direct control. By the central limit theorem, some agents will seem to accumulate large wins due in large part to these kinds of random events, and some will accumulate large losses.

Most agents will be, by definition, near the center of the normal distribution. The existence of agents at the tails of the curve does not constitute evidence of one's own irrationality.

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