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drethelin comments on Econ/Game theory question - Less Wrong Discussion

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

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Comment author: drethelin 11 May 2011 09:34:51PM 2 points [-]

why the fuck did a buy land that is apparently inside b's land?

Comment author: wedrifid 11 May 2011 10:08:59PM 2 points [-]

why the fuck did a buy land that is apparently inside b's land?

It happened on "Round The Twist". In that case the precise boundaries of the lighthouse's plot technically didn't include their driveway and they only discovered this when a nefarious company bought out the neighboring property.

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.