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> That and other elements of rational choice theory are not unfalsifiable Can you give an example what could you do to prove me that you do not maximize your u
by beefield 5y ago
> That and other elements of rational choice theory are not unfalsifiable
Can you give an example what could you do to prove me that you do not maximize your utility? I mean, regardless how stupid thing you come up, I can always say "but that's what you chose to do, so that obviously was your preferred course of action and obviously you were then maximizing your utility"
I really hope there is discussion whether rational choice is useful, but the problem is that that discussion does not (yet) descend to the level of MBA economics and below. And that is unfortunately the level where politics are made.
- ric2b 5y agoLots of times. Sometimes I oversleep accidentally, as an obvious example. Or when I make short-term decisions like being lazy and laying on the couch watching trash, that hurts my long term utility and prevents me from maximizing it. Or all the times where I'm not smart/awake enough to choose the option that will maximize my utility.