A Quote by Lars Peter Hansen

If you simply announce that things are irrational, then that alone doesnt get you very far. You have to replace rational agents with some concrete notion of what it means to be irrational.
If you simply announce that things are irrational, then that alone doesn't get you very far. You have to replace rational agents with some concrete notion of what it means to be irrational.
It doesn't sound rational for a Klansman to sit down to dinner with a black man. What you're overlooking is, to be racist is to be irrational. So, they are already irrational, and irrational people do irrational things. That's why a Klansman will sit down with me.
I chose the name Pi because it's an irrational number (one with no discernable pattern). Yet scientists use this irrational number to come to a "rational" understanding of the universe. To me, religion is a bit like that, "irrational" yet with it we come together we come to a sound understanding of the universe.
Capitalism may even be identical with the restraint, or at least a rational tempering, of this irrational impulse. But capitalism is identical with the restraint, or at least a rational tempering, of this irrational impulse. But capitalism is identical with the pursuit of profit, and forever renewed profit, by means of continuous, rational, capitalistic enterprise.
I believe, in the stock market - that's one of my fields - that most people are irrational. And to be irrational, you can be irrational in so many different ways that, practically, the result is indeterminate.
I don't think we are all irrational every time we fail to see through an argument in a book, but suppose it's true about you. You are still more rational than you think you are. You are irrational in a minor way - believing a misguided theory of the nature of rationality - but rational in a major way - you respond well to probabilistic evidence as you go through the day.
There's no evidence whatsoever that men are more rational than women or that men are more willing to surrender their irrational beliefs. Both sexes seem to be equally irrational.
I think it's ok to have wishes that conflict with each other - it's irrational to try to make them both come true, but not irrational simply to have them.
My job is making irrational people do rational things.
The soul has two parts, one rational and the other irrational. Let us now similarly divide the rational part, and let it be assumed that there are two rational faculties, one whereby we contemplate those things whose first principles are invariable, and one whereby we contemplate those things which admit of variation.
In this acausal world, scientists are helpless. Their predictions become postdictions- Their equations become justifications, their logic, illogic. Scientists turn reckless and mutter like gamblers who cannot stop betting. Scientists are buffoons, not because they are rational but because the cosmos is irrational. Or perhaps it is not because the cosmos is irrational but because they are rational. Who can say which, in an acausal world?
I know that the dream mind is irrational, but I like to think that if I hear something in a dream that's really good, then it's irrational... but it's not crazy.
To the rational being only the irrational is unendurable, but the rational is endurable.
As I'm writing, I start to see connections, and themes I didn't see, and that sparks other things. So then I go back and rewrite things or alter them. It's a combination of intuition and a lot of finessing. It becomes a combination of the rational and the irrational.
In the '90s it was irrational exuberance. Now it may be irrational doom and gloom.
As an engineer, I learned that a long time ago: you don't want to get into a rational discussion about irrational subjects.
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