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brilee comments on Idle speculation about anchoring and the Facebook IPO - Less Wrong Discussion

-1 Post author: RolfAndreassen 15 August 2012 01:00AM

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Tags: anchoring facebook stocks

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Comment author: brilee 15 August 2012 02:18:28AM 3 points [-]

While I agree with your sentiment, I think this is just begging the question - you are rejecting this speculation by assuming homo economicus.

Comment author: Jayson_Virissimo 15 August 2012 02:36:52AM *  4 points [-]

How seriously would you take a non-wealthy person's claim to know a reliable way to win the lottery? I'm not so much assuming homo economicus as just taking the outside view.

Comment author: Luke_A_Somers 15 August 2012 10:01:05AM 2 points [-]

He's trying to figure it out. He hasn't got a theory to predict this in advance. He's just observed, 'dang, that looks like it was inefficient'.

How would you exploit that for your monetary gain?

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