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Ep 130: Steven Pinker’s ”Rationality” Ch 6 ”Risk and Reward” (Rational Choice & Expected Utility). Analysis.

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The Best Decision in a Real Life Situation

In a real life situation, thisimulation is unable to predict what's really going on in the real world. Many of these decisions are things that people will be encountering for the first time - and they can't account for it until they encounter it for the first times. And only in retrospect, when someone decides to do a simulation in retrospect, can you then determine what the optimal decision might be. Perfect again, weak. We can't always know what the optimal, the optimal decision will be in any given situation,. especially when time's a factor.

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