How Various “Irrationalities” Proven to be Rational

Li, Bin (2022): How Various “Irrationalities” Proven to be Rational. Published in: Academia Letters No. AL4579 (6 January 2022): pp. 1-6.

Abstract

Various“irrationalities” have always been deemed distinct from human reason or “rational thinking”. However, another long-standing view is that“irrationalities” are really some kinds of rationality that just need to be somehow proven. It would be most satisfactory if the proof could be done because a successful proof can re-justify the mainstream rational principle, then minimizing the price of reform of economics. This paper briefly introduces a ready-made solution.

• Item Type: MPRA Paper
• Language: English
• Keywords: irrationality; rationality; behavioral economics; psychology; animal spirits; bounded rationality
• Subjects: A - General Economics and Teaching > A1 - General Economics > A10 - General; B - History of Economic Thought, Methodology, and Heterodox Approaches > B0 - General > B00 - General; C - Mathematical and Quantitative Methods > C6 - Mathematical Methods ; Programming Models ; Mathematical and Simulation Modeling > C60 - General

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