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I find the claim about there being no rational actors a bit odd. If that's the case, then how do economies work at all? At some level, most people must be able
by all2well 10y ago
I find the claim about there being no rational actors a bit odd. If that's the case, then how do economies work at all? At some level, most people must be able to act in their own interest to some degree.
- carsongross 10y agoIt boils down to complexity: Humans are designed to deal with an impossibly complex world. We have shortcuts that have developed to do so, called emotions, biases, gut feelings, instincts and so on. It is easy enough to manipulate these shortcuts, making a rational person act in a way most people would regard as irrational. This is called marketing, propaganda, gas-lighting or The Nobel Lie, depending on context.