I’m still trying to understand the nature of anticipation well enough to either produce a conclusive demonstration that it’s irrational, or show how it can re-understood to fit into a rational decision process. Others are probably working on the same thing (I hope). So far, the best argument I have that anticipation might be irrational is the one I gave in the post.
I’m still trying to understand the nature of anticipation well enough to either produce a conclusive demonstration that it’s irrational, or show how it can re-understood to fit into a rational decision process. Others are probably working on the same thing (I hope). So far, the best argument I have that anticipation might be irrational is the one I gave in the post.