A friend from Argentina once told me Argentina keeps its best wines for themselves and exports the mediocre stuff, even at the sake of profits.
Similarly, a friend from Turkey once said he couldn’t find good Turkish olives outside of Turkey because “Turks are terrible businessmen and keep the best olives to themselves.”
These are anecdotal and might be untrue but I liked the idea.
At an individual level, it’s irrational to cooperate in a prisoner’s dilemma yet experiments show people cooperate.
Contributing to open source projects may fall into this category.
Have you observed any obvious behavior that goes counter to profit maximization? Any cool examples?
My state has free school lunch for all kids. However it’s typical school lunch quality and quantity
My kid’s high school wants to install a fingerprint system to keep hungry kids from cheating by using the code of someone who brings lunch. You want to install an expensive system to collect biometrics n kids to save like $2 per instance, or whatever pittance goes into school lunches?