How Various “Irrationalities” Proven to be Rational

Bin Li

MPRA Paper from University Library of Munich, Germany

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.

Keywords: irrationality; rationality; behavioral economics; psychology; animal spirits; bounded rationality (search for similar items in EconPapers)
JEL-codes: A10 B00 C60 (search for similar items in EconPapers)
Date: 2022-01-06
New Economics Papers: this item is included in nep-cwa, nep-evo, nep-ore and nep-upt
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Published in Academia Letters AL4579 (2022): pp. 1-6

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