Just published a new piece in the Oxonian Review. It argues that a general problem with claimed demonstrations of irrationality is their reliance on standard economic models of rational belief and action, and illustrates the point by explaining some great work by Tom Kelly on the sunk cost fallacy and by Brian Hedden on hindsight bias.
Check out the full article here.
2400 words; 10 minute read.
I bet you’re underestimating yourself.
Humor me with a simple exercise. When I say so, close your eyes, turn around, and flicker them open for just a fraction of the second. Note the two most important objects you see, along with their relative positions.
I bet you succeeded. Why is that interesting? Because the “simple” exercise you just performed requires solving a maddeningly difficult computational problem. And the fact that you solved it bears on the question of how rational the human mind is.