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0 pointsDanBC10y ago0 comments

People are hopeless at assessing risk. They'd go for lower cost every time, thus regulation is needed to protect them from themselves.

(But I'd agree that a $12,000 cosmetician course is too much for people who only want to braid hair.)

0 comments

mhaymo10y ago

They'd go for the cheaper option until someone is actually injured by that place, then they'd abandon it immediately. This seems like a fine system.

DanBCOP10y ago

The popularity of uninsured unlicensed taxi cabs, even though people get injured and can't pay for the medical treatment, argues against you.

It's weird that HN thinks humans are rational - there are so many examples of irrational behaviour.

mtviewdave10y ago

Not for the person who is injured.

mnglkhn210y ago

Value is relative and it is in the eye of the beholder, much like beauty. Where I want to get is that 12k might sound much but in US the same people would pay almost double sometimes for a car.

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