I was so hungry I ate until my stomach hurt, at which point I realized I had actually been thirsty. Tell me again about rational consumers.
1 hour ago
Wednesday, February 24, 2010
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About Me
- Charlie
- Austin, Texas, United States
- Hi, I'm Charlie Wood. I'm the founder and former CEO of Spanning (acquired by EMC), a married father of two, a native Texan and Austinite, and the oldest guy in most of my classes at UT, where I'm adding an economics major to my computer science degree.
For more about my re-entry into academic life, read this blog's inaugural post.
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Econ Blogs I Read
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My Other Blogs
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Shutting Down Today11 years ago
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2 comments:
"The assertion that there is irrational action is always rooted in an evaluation of a scale of values different from our own. Whoever says that irrationality plays a role in human action is merely saying that his fellow men behave in a way that he does not consider correct." -mises
That Mises was one clever monkey. Yes, rationality is relative. Which makes drawing utility functions harder.
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