Monkey wrench of irrationality

July 2005

One thing that really throws a monkey wrench into my whole new libertarian philosophy is the fact that people don’t always behave rationally. Even decisions that we think that we are basing on objective reasoning are actually often just gut decisions that are far more instinctual.

This is why I’m glad that I’m taking The Psychology of Decision-making and Judgement with Kahneman next semester. I hear his Nobel Prize winning stuff is all about just that sort of thing.