Question
one way you could prevent ignorance of values and probabilities of bounded rationality. for example, One way I could prevent this type of bounded rationality
one way you could prevent ignorance of values and probabilities of bounded rationality.
for example, One way I could prevent this type of bounded rationality is by researching what I am looking into. If it is a house that I am looking to live in, I should look at the condition of the house, how credible the owners were and where it is based on location. Just because it is a $400K house doesn't mean that it will need to be repaired a lot, it may be more expensive to repair and take care of the $800K house. I would look and see which is better for me before buying.
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