Saturday, April 14, 2007

Bounded Rationality

"As you know, sir, in the heat of action, men are likely to forget where their best interests lie and that their emotions carry them away." (The Maltese Falcon (1941))

On Thursday, my game theory professor gave three reasons why people fail to behave rationally in the real world (the theory of "bounded rationality"): inability to calculate a rational course of action, inability to implement a rational course of action, and emotion overcoming a rational course of action.

Emotion definitely has the capability to overcome rational-seeming courses of action. And that's not always a bad thing (even though some part of me still wants to believe that it is). "Le cœur a ses raisons que la raison ne connaît point." I would suspect that in interacting with other people, emotion is a much larger barrier to acting rationally than inability to calculate or implement a rational choice.

So, I am currently taking a course of action that could definitely be perceived as irrational. Is it? Who knows. And I don't really care. Living life is a lot more fun than analyzing it.

1 comment:

Charly said...
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