Looking under the lamppost
The aphorism about looking for your lost wallet under the lamppost
applies differently in two different kinds of situations:
If you know you lost your wallet in the dark alley, looking for it
under the lamppost "because the light is better" is a self-deceptive
waste of time.
(That's the sense in which it appears in the original joke.)
But if you don't know exactly where you lost your wallet, it's good
strategy to look for it first under the lamppost, where the light is
better, as long as you are prepared to move on to the dark alley
later.
(People often invoke it in this sense instead.)
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