> Our banks have endless painful papercuts yet most of us don't change banks just because of one pain.
Only because they're all painful. If there was a bank that was recognized as perfect, people would switch in short order. Switching to another bank that is also painful is not worth the effort.
> I use an iPhone because I judge it to be more secure yet I'm constantly fighting the same bugs and misfeatures that seem to never get fixed/improved.
Only because nobody else sells an iPhone. People would start switching over to other, less buggy iPhone on the market if there was such a thing.
> You are implying efficient market theory, which is bunk.
The efficient market theory says that, in an active market, prices rapidly reflect all publicly available information. How does that apply here, bunk or not?
Only because they're all painful. If there was a bank that was recognized as perfect, people would switch in short order. Switching to another bank that is also painful is not worth the effort.
> I use an iPhone because I judge it to be more secure yet I'm constantly fighting the same bugs and misfeatures that seem to never get fixed/improved.
Only because nobody else sells an iPhone. People would start switching over to other, less buggy iPhone on the market if there was such a thing.
> You are implying efficient market theory, which is bunk.
The efficient market theory says that, in an active market, prices rapidly reflect all publicly available information. How does that apply here, bunk or not?