You're looking at Less Wrong's discussion board. This includes all posts, including those that haven't been promoted to the front page yet. For more information, see About Less Wrong.

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

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

You are viewing a comment permalink. View the original post to see all comments and the full post content.

Comments (56)

You are viewing a single comment's thread. Show more comments above.

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.