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