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Overcoming Bias Commenter's avatar

Seems to boil down to "I did it because I'm gullible. Here are some factors that make people gullible." I would have hoped he had a real excuse like "I checked X, Y, and Z and they were all OK, so..." He does say he was lulled by the promise of moderate rather than spectacular returns, which seems valid to me.

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Robin Hanson's avatar

No doubt this is also why car dealers try to sell you expensive cars, because they want the world to have more car innovation.

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