"Rational actors" my ass. We are all a bunch of chimpanzees.
I think it's a little bit more nuanced than that. My guess is that people are mostly rational in many ways, but far less than totally rational in many ways. Some economists and social-science types refer to the term "bounded rationality".[1] I think that's about right.
I think it's a little bit more nuanced than that. My guess is that people are mostly rational in many ways, but far less than totally rational in many ways. Some economists and social-science types refer to the term "bounded rationality".[1] I think that's about right.
[1]: http://en.wikipedia.org/wiki/Bounded_rationality