Re: regulate with culture, not law
by
bpkowal
07/02/2009, 2:55 PM #
My point was largely that "irrationality" is a loaded term. I think it is commonly used as a short cut to thinking through a full explaination of why someone might do something we don't see ourselves doing.
In economics, irrational means something completely different. That is, it suggests an inconsistency in preference across similar contexts. Preferring a $1 vs. a 50% chance of losing a dollar is consistent with preferring $1 vs. a 100% chance of losing 50 cents and demonstrates rational behavior. Preferring a $1 vs. a 50% chance of losing a dollar is inconsistent with a 100% chance of losing 50 cents vs. $1 and demonstrates irrational behavior.
Now, I would argue (economically speaking and not personally) unless you always wear flats it is irrational for you to prefer being 2" shorter. Personally, I get it. Further, it would only be rational for a gold digger to fornicate for cash if they were sure that at no point during their relationship they will become friends or make an emotional attachment to their prey. Personally, that is not something I am capable of pulling off - but even if I see it as morally abhorrent it is still rational - economically speaking.