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?
Others in the thread have already hinted at this fact: logic and optimization are lasers that can be pointed at anything. Point it towards money and of course it’s irrational to forfeit profits for good wine. Point it towards the good wine and of course it’s irrational to forfeit evenings drinking good wine with friends.
Put another way, one man’s trash is another man’s treasure.
Of course, this doesn’t mean most people don’t share some common values. Most people want both wine and profits!
Not only is logic and optimization a laser, but optimization can happen at many levels.
There are many experiments where the most egg-laying hens are selected and bred, but often these hens are aggressive and kill each other. However, when whole groups of hens (e.g. a group of 5 hens) are chosen, some of the hens do not lay eggs but are peace-makers and create the perfect environment for egg-laying eggs to lay many eggs.
In this example, optimization happened at the group-level and not at the individual level.
Similarly, rich people who leave high-tax societies end up in a ‘Lamborghini in a road made of mud’ situation. However, if rich people contribute to the societies that made them rich in the first place, everyone benefits. There are lower anxiety, depression, and suicide rates for everyone (including the rich) in more egalitarian societies. Here you can see the laser and the levels: the laser is either pointed at the luxury car or the quality of life, while the level is either the individual or whole society.
Group-level selection seems irrational for those who think that being an egotist is the only way.
Of course, life is not just about lasers and levels. It’s about values. Rationality is a tool. It can help us live valued lives or trip us up. If you want good wine, good cheese, money to buy something else, good friends, and a good society, that’s what matters.