Continuing my summer streak of reading excellent books, I recently finished Bryan Caplan’s fantastic The Myth of the Rational Voter: Why Democracies Choose Bad Policies. I really like Bryan’s posts over at EconLog, so I’ve been eager to read this book for a long time, and I was not disappointed. Even if you don’t care [...]
Previously, I’ve made the case that for the purposes of modeling, it doesn’t matter if people are truly rational (where rational is defined as always making decisions in such a way to maximize their utility functions to the best of their ability). However, just because, for the purposes of modeling, the two things are equivalent [...]
Much of what I’ve been reading I’ve been reading lately has dealt with the subject of rationality and rational choice theory. I’m still trying to get my head around the general arguments about the thing, but I have come up with a basic framework for what I think of the subject.
First off, the arguments that [...]
Physical chemistry Ph.D. student at UC Berkeley and all around curious guy.