So I’m skeptical of the claim that “poor folks” playing the lottery or using crack are generally maximizing their expected utility.
So would I be, if I heard someone make that claim. I’ll edit the post to clarify that I don’t mean that.
EDIT: Hmm. While I don’t explicitly make that claim, I think it is possible that they are generally doing much better at it than we think they are.
Nobody maximizes their expected utility.
So would I be, if I heard someone make that claim. I’ll edit the post to clarify that I don’t mean that.
EDIT: Hmm. While I don’t explicitly make that claim, I think it is possible that they are generally doing much better at it than we think they are.
Nobody maximizes their expected utility.