Discussion about this post

User's avatar
Overcoming Bias Commenter's avatar

I think eddie is right in seeing preferences in risk seeking and I don't find this citation of Adam Smith very insigthful. A lot of these soldiers and seamen would have been second or third sons of the large families of the time, who would not have inherited land or their father's profession. Sons from the small families of our time (in Europe & US) do not seek risk in the same scale.

Expand full comment
Overcoming Bias Commenter's avatar

Keith Elis, you have to calculate the cost of the calls and the benefit of the sale. If each sale is worth a lot and each call is essentially cost-less (which e-mail spam is) it could be perfectly rational.

Expand full comment
7 more comments...

No posts