But it gave me an irrational amount of confidence".
Startups require an irrational amount of faith.
It is true, however, that adding salt will season the water, affecting the flavor (even in hard boiled eggs), but you'd need to add an irrational amount of salt (about a half-cup) to raise the temperature even a few degrees.
In the private markets, there may be the same amount of irrational upward assessment as reflected by some valuations that get ahead of themselves, but irrational downward assessment is rarer simply because such an assessment would mean the market thinks a company is not fundable and, without capital, it likely goes out of business.
Setting stricter limits on the amount people can borrow relative to the purchase price (the "loan-to-value" ratio, or LTV) or to their household income (loan-to-income ratio) helps to curb buyers' irrational exuberance; increasing the amount of capital that banks must hold against mortgages checks theirs.The Netherlands has applied strict limits of this sort, with striking results.
Seems like there will always be some amount of irrational fear in the world, and for science to free itself from this it must somehow distract people with worries about all the unlikely comet collisions, Y2K bugs, 2012 apocalypses, etc.
Irrational fear about the amount of stranger kidnappings, for example, has led to an enormous, nationwide apparatus (including Megan's Law, Adam Walsh Act, and Amber Alert) that is inefficiently sucking up taxpayer dollars intended to protect children.
NAME AND LOCATION WITHHELD Your question illustrates one of the most irrational taboos in America: Somehow, the amount of money someone earns is more private than virtually any other personal detail.
There is even evidence that what you might call the "irrational premium" rises in direct proportion to the amount of flattering press coverage a bidder received.Some would say that every bid is the work of an egomaniac.
"There is a huge disconnect," Mr. Easton said, "between the governor focusing on the top 1 percent of superintendent salaries and offering a fiscally irrational tax cut to people making the same amount of money, or 10 times that".
Since a huge amount of insecticide is used so their irrational and continual use becomes the reason of accumulation of insecticide residues in the primary agriculture products.
