To Be (Rational) Or Not To Be (Rational)

I did not expect to be in this position. I’ve had a number of offers to trade. And I haven’t accepted any of them.

I can’t give any particularly rational reason for my refusal to trade. It boils down to the fact that I really like Kellie Lambert’s painting and haven’t been offered a painting that I like better than it.

My current stinginess, however, has made me wonder about rationality.

As I’ve said in previous posts, the whole process of trading up must involve a good deal of irrational behavior. And I’ve speculated that perhaps the predictable irrationality of people is what makes trading up possible.

But I now am wondering whether it would make sense to reintroduce the lottery idea into this scheme. Just as a refresher, I had toyed with the idea of giving anyone who traded with me the right to enter into a lottery for the Van Gogh at half of what the price of a lottery ticket would be worth. People could then either sell their right or enter the lottery at a highly discounter price.

Were there to be a lottery of this sort, half of the irrationality in the trading process would be eliminated. With a lottery in place those who traded with me would collectively lose half the value of Van Gogh. But losing half the value of a Van Gogh is less irrational than losing its full value.

So should I or shouldn’t I try to inject this process with a little more rationality?

I am inclined to think that I shouldn’t. Despite the fact that I am partial to rationality – I have studied way too much Aristotle not to be – a brief look at the world would convince most anyone that irrationality reigns. Consider politics. Repeatedly shouting slogans, it would seem, is far more effective than calm rational deliberation.

Nonetheless, I am open to the potential power of rationality. So I have decided to make a decision based upon my next trade. If the person who trades with me would be willing to trade a significantly better painting if a lottery is involved, then I will go with a lottery. If not, then I won’t.

And since I am so concerned with rationality, I want to take this opportunity to tell the universe:

I want to trade my original Kellie Lambert for a significantly valuable painting.
I want to trade my original Kellie Lambert for a significantly valuable painting.
I want to trade my original Kellie Lambert for a significantly valuable painting.

Anyone who wants to trade, let me know.