@caekislove @PHarrghis @Griffith @WandererUber the drug market is far from an ideal market the cia is doing shit all the time; a better example would be grocery stores and corn syrup products
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@monkyyy @caekislove @PHarrghis @Griffith I've basically answered that in reply
@WandererUber @caekislove @PHarrghis @Griffith > at least 10 paragraphs above cake
Im not reading this thread; rational markets seems to me like infinity in math; something they axoimically say but anything built on it cant be treated as real.
Im not reading this thread; rational markets seems to me like infinity in math; something they axoimically say but anything built on it cant be treated as real.
@monkyyy @WandererUber @caekislove @PHarrghis @Griffith rational markets is an abstraction. It is simply more accurate than any other real models we have.
@sickburnbro @WandererUber @caekislove @PHarrghis @Griffith Consider the hangman paradox; you really shouldn't build on top of "everyone is acting rational and is thinking clearly" to many steps.
The stock market is *not* rational, its allot of dumb money being told that you will play a round in the governments casino to get a slightly lower tax. So they "diversify" and make long term picks, trying to leave the game after playing only a few rounds. This is over all rational, but all further information can be discarded.
The stock market is *not* rational, its allot of dumb money being told that you will play a round in the governments casino to get a slightly lower tax. So they "diversify" and make long term picks, trying to leave the game after playing only a few rounds. This is over all rational, but all further information can be discarded.
@monkyyy @WandererUber @caekislove @PHarrghis @Griffith the stock market *is* rational - just not perfectly. I can't start 1 million companies tomorrow and one of them will be magically worth billions of dollars.
@sickburnbro @WandererUber @caekislove @PHarrghis @Griffith We in our what, 4th tech bubble?
@monkyyy @WandererUber @caekislove @PHarrghis @Griffith booms and busts are considered the normal operation of markets, dunno what else to say
@sickburnbro @caekislove @PHarrghis @WandererUber @monkyyy Would that suggest inherent rationality in the market?
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@WandererUber @Griffith @caekislove @PHarrghis @monkyyy an interesting point for sure. I think the problem here is that people have different ideas of what "rational" means.