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Cake day: July 3rd, 2023

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    • they have mobility needs that are incompatible with local transit and/or make typical cars more expensive.
    • they have family/other needs that mean they need a safer, more reliable car.
    • they will lose their job if they are ever late, so need to prioritize reliability.
    • they work multiple jobs, and/or have other requirements (child care, elder care, etc) that are incompatible with transit in their area and/or cannot be out off while a car is getting repaired.
    • they are unable to DIY repair older used cars, cannot accommodate potentially extreme repair bills, and can’t assess if an older car is reliable to buy in the first place.
    • the financing company will not give them a loan for something that doesn’t have enough value to avoid depreciating past the point of recouping losses over the life of the lease.
    • the insurance company will not insure older cars at a rate that is doable for the driver.
    • they don’t have the lump sum savings to buy a car outright, and loans are the only way to go to be able to continue to live and meet their life demands.













  • Very good point. It seems crazy that this keeps happening, right? My current favourite hypothesis is from “Power and Progress” by Daron Acemoglu and Simon Johnson:

    If everybody becomes convinced that artificial-intelligence technologies are needed, then businesses will invest in artificial intelligence, even when there are alternative ways of organizing production that could be more beneficial.

    Add to that sunk cost (these firms invested in this tech, and maybe fired the paralegals that used to do this work, so they need to use the tech), and fundamental attribution error (those other lawyers failed using AI because of something fundamentally a part of their selves, I am only fail when there are external factors getting in the way of my self) and you get a recipe for seemingly irrational behaviour on repeat.