> It’s incredible how some engineers assume they understand economics, then proceed to fail on some of its most basic premises. This tends to happen when engineering-style certainty is applied to systems that are driven by incentives and uncertainty.

Software engineers are stupid, often because they think they are very smart (which breeds arrogance). And on top of that, they often have many biases that they often fail to account for (e.g. a preference for neat-and tidy-systems, leading them to get seduced by oversimple neat-and-tidy explanations, e.g. Econ 101).