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Even bounded rationality is totally wrong. Human behaviour isnt (economically) rational "except for limitations". The very source of the value we place upon in
by mjburgess 12y ago
Even bounded rationality is totally wrong. Human behaviour isnt (economically) rational "except for limitations".
The very source of the value we place upon institutions, people, goals, etc. is entirely a product of the interaction between culture and basic psychological drives.
People do not have "preferences" in the strong propositional sense required for modelling. They have drives, ideals, etc. These can be systematized by asking them to rank states of affairs but even here things are delicate (which is why polling on issues is generally useless).
Any kind of "rationality" talk is extremely prescriptive in practice: failing to actually look at the world and describe it, libertarians et al. go around theorizing in an ahistorical vacuum with pseudo-computer human stand-ins. And criticise actions in the real world that dont conform.