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submitted 4 months ago by Track_Shovel@slrpnk.net to c/196@lemmy.blahaj.zone

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[-] bobs_monkey@lemm.ee 16 points 4 months ago

I remember back to my econ class where most models were predicated by, "assuming rational actors.." and think then that most people are irrational and impulsive. And to think that much of the financial world is based on those models, it really sums up why no one has a clue why everything is so fuckey.

[-] Cethin@lemmy.zip 12 points 4 months ago

Yeah, capitalism would be a great system if the foundation, which is rational actors with perfect information, weren't so wrong. Once you realize that that is totally wrong, you really notice all the flaws in the system.