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This chapter has shown you how the rational model is very predictive of actual human behavior, and then discussed other theories on how to predict
This chapter has shown you how the rational model is very predictive of actual human behavior, and then discussed other theories on how to predict it. As a thought experiment, I want you to think about times when you do not act rational or in your own best interest. In the last month, indicate the number of times you've engaged in the following activities: 1. Overate? Texted while driving? Spent money you later regretted? Procrastinated? 9F?!\" Spent too much time on social media? Now, think about WHY you participated in these behaviors, and write a few sentences about what economic model(s) from the chapter best explains your choices
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