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Who wants to get a worse diagnosis of their cancer, just to keep a human doctor in the job?
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Passing on a full scholarship to MIT would be irrational for me, but to my father and his parents, what would have been the point of spending five years at one of the world's most prestigious universities if he just ended up back on the farm?
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Why did I go back to school? After working with giant snails as the manager of an abalone farm, who wouldn't be fascinated with the inner workings of the mind? They are a very contemplative species.
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If a hero is a person on which you've made an explicit choice model yourself, mine is my father for showing me how to live a life of substance.
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Because of the tax on being different, individual actors in the labour market from different backgrounds can rationally value the same opportunities differently.
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We are bad at valuing other people, and we are worse the more different they are than us.