Since long before Freud, we’ve known humans are anything but rational creatures…

— Charles Chu @ Better Humans

This is a great flaw of traditional economic theory, which watches humans do the stupidest things, and then — like Procrustes who, in Greek mythology, decapitates his victims to make them “fit” onto his bed — it tries to “fit” reality to its own story of humans as rational, value-maximizing creatures.

Once you discard this archaic view, you can start searching for better explanations for why we humans behave the way we do.”

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