xamdam comments on Extreme Rationality: It's Not That Great - Less Wrong

140 Post author: Yvain 09 April 2009 02:44AM

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Comment author: xamdam 30 June 2010 09:01:16PM 4 points [-]

If I was rational enough to pick only stocks that would go up, I'd become successful regardless of how little willpower I had, as long as it was enough to pick up the phone and call my broker.

Availability of investing is NOT a disproof that akrasia is NOT the complete explanation. Successful investing is rationality+financial education+a lot of work (Buffett is rumored to read an incredible amount of accounting statements), and hence subject to akrasia.