In an era where economic decisions are often presumed to be driven by pure rationality, this work thoughtfully probes the foundations and limitations of rational behavior in economics. It embarks on an intellectual journey to question whether human decision-making can indeed be deemed "predictably rational," or if there exist inherent defenses and constraints that shape economic choices beyond the classical assumptions.

• Rationality is often idealized: Traditional economic models assume individuals consistently make decisions that maximize utility, but this ideal is challenged by empirical observations.
• Behavioral inconsistencies arise predictably: Human decision-making exhibits systematic deviations from rationality,...
  Full summary available for members

  Our members get access to comprehensive book summaries, key insights, and practical applications.

  Log in or Create a free account