The reason why people act irrationally has more to do with psychology than economics. Vsauce has a good segment talking about human tendency to think in terms o

The reason why people act irrationally has more to do with psychology than economics. Vsauce has a good segment talking about human tendency to think in terms of proportion instead of absolute scale: https://youtu.be/Pxb5lSPLy9c?t=1m53s https://youtu.be/Pxb5lSPLy9c?t=1m53s