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by tux3
1627 days ago
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Rationality isn't whatever people do. Biases are whatever people don't do optimally that they would, if they were perfectly rational. Various subgroups can have different responses, but rationality is its own ideal, regardless of what people do. |
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Ostensibly Rational just means “with reasons” or “calculated” but there are many different calculuses under which one could operate.
I agree with GP. Economic rational agents are supposed to do things like maximize utility or minimize loss. I know that I for one do things like “anticipate others’ needs”, “feel ambivalent about eating the entire box of donuts”, and “take a day off work to practice origami”, and I’m not sure how those actions fit into the economic model.