The assumption of rational actors is standard practice in economics, basically every single theorem depends on that. When I pointed out that racism isn’t rational, the argument changed to “well, you can’t assume that everyone is rational”.
Yes. I know. I have a fucking degree in this field. Believe it or not, people have figured out how to deal with that problem a long time ago. Look up the Efficient Market Paradox, and you’ll see why rationality is still a sensible assumption to make.
It was not claimed that rationality is overrated.
Yeah, no, that is exactly what was claimed.
The assumption of rational actors is standard practice in economics, basically every single theorem depends on that. When I pointed out that racism isn’t rational, the argument changed to “well, you can’t assume that everyone is rational”.
Yes. I know. I have a fucking degree in this field. Believe it or not, people have figured out how to deal with that problem a long time ago. Look up the Efficient Market Paradox, and you’ll see why rationality is still a sensible assumption to make.