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For others commenting here, "rational" is an economic term of art, not the way you use it in day to day life. Rationality, for economists, simply means that wh
by AndrewKemendo 7y ago
For others commenting here, "rational" is an economic term of art, not the way you use it in day to day life.
Rationality, for economists, simply means that when you make a choice, you will choose the thing you like best.¹ This is very different from the way we normally think about rationality. Usually when we talk about rationality we use it to mean sensible, or reasonable. To economists—as long as you’re doing what you want given your situation, you’re acting rationally.
[1]read.hipporeads.com/what-an-economist-means-by-rationality/