Understood. Even in keeping with your definition - people are irrational actors. We make incomprehensible choices all the time, with no real reason at the moment of decision. Then our brains backfill and rationalize later.
Keep in mind that our brains are made of meat that talks to itself via chemical reactions. Brains are not digital computers, and are very much an analog thing. Brains can and do make actual mistakes all the time. Like straight up "this computed incorrectly" or "there was a transmission error" kinds of mistakes.
Humans are not rational actors, and never have been. That's why economic theory so frequently fails to predict behavior in spectacular ways.
> people are irrational actors. We make incomprehensible choices all the time
Can you give an example?
I want to make it very clear to make sure we're on the same page. There is a difference between "incomprehensible" and "not understood." As an example of this difference, a neural network isn't a black box because we can't understand it, it is because we don't understand it. It's why in my examples I tried to make it very clear that the actions depended on what the actor thought would happen. Suicide cults like Wako are considered rational in this sense, even if from the outside it seems incomprehensible that someone thinking that killing themselves would beam them up into a spaceship disguised as a comet and the alien soul harvesters would reward them for doing so. The "rationality" is that __a__ logic exists, not that there is a good logic or even reasonable one.
Keep in mind that our brains are made of meat that talks to itself via chemical reactions. Brains are not digital computers, and are very much an analog thing. Brains can and do make actual mistakes all the time. Like straight up "this computed incorrectly" or "there was a transmission error" kinds of mistakes.
Humans are not rational actors, and never have been. That's why economic theory so frequently fails to predict behavior in spectacular ways.