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JakobVirgil · 4637 days ago · link · · parent · post: 12 year old girl explains what economists cannot
exactly like the law it is constructed not discovered and like the law it is very bad at predicting and modifying actual human behavior.
rational from experiences with people? actually there is a good paper that implies that a small set of "rational actors" can make a system act "rationally". In my experience "rationality" is a social construct that does not hold cross-culturally. for example western folks experimental results in the ultimatum skew farther from the predicted Nash equilibrium then those of some hunter-gatherers.