Distinguishing the Genuinely Rational From the Irrational
Briefly

from Psychology Today5 months ago
A rational person may appear irrational for avoiding improbable risks, but this behavior aligns with expected utility theory, which negates regrets attributed to low-probability high-loss scenarios.
Psychology Todayhttps://www.psychologytoday.com/us/blog/rationality-judgment-and-decision-making/202409/distinguishing-the-genuinely-rational-from-the
Day-to-day decision-making often faces scrutiny based on outcomes rather than intentions, prompting a misinterpretation of rational avoidance as mere paranoia when risks fail to materialize.
Psychology Todayhttps://www.psychologytoday.com/us/blog/rationality-judgment-and-decision-making/202409/distinguishing-the-genuinely-rational-from-the
Read at Psychology Today
#rational-decision-making #expected-utility #risk-avoidance #irrational-behavior #behavioral-economics
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