[mindslight]

All you've seem to have done here is push your own favored framework, and then argue reflexively based on it. My initial point was that the assumptions of your framework would seem to be incorrect. You merely translated my point into your framework, and then blamed me for the resulting logical contradiction.

The specific problem here is imagining market participants as efficient actors. In reality, it's more like an NP-hard problem, and making logical appeals based around abstract models is exactly how we try to convince other market participants that something is in their interest (eg the comment you originally responded to).

In general, there was no need to come out swinging at me and accusing me of "gaslighting". Try more understanding, and less arguing. You'll get further.