What is an example of irrational behavior today?

Answer 1

If you prefer A over B and B over C, then (logically and also rationally) you must prefer A over C. If for some weird reason, you prefer C over A, then your choice is irrational. (Technically, irrational choice doesn't necessarily have to be a bad choice. A lot of emotional decisions and choices have a better long-term outcome) To illustrate a loose example, suppose you value money highly. Suppose that you value fitness and health very highly as well. An example of a somewhat irrational choice is when you decide to take a taxi in a perfect weather to get to home after work, and then go to the gym to walk on the treadmill. Assuming that your home is at a reasonable walking distance from your work, the choice to take the taxi is irrational. Instead of just walking home to save the cab money and as well as get some exercise, the decision maker spends money to ride in a taxi only to spend money again to walk on the treadmill at the gym.

Answer 2

Example Of Irrational Behavior

Answer 3

Most research in irrational behavior deals with emotions. In 2002, Daniel Kahneman (France/Israel/USA) and Vernon L. Smith (USA) won a Nobel Prize in Economics in the field of irrational behavior.

Road rage, like mentioned before, is an example of irrational behavior.

In the classical sense, irrational behavior is any act that the cost exceed the benefits. So, if an individual views the costs of drug use being greater than the benefits and STILL participates in drug use, than that act is irrational.

Answer 4

Defending George W Bush's policies.

Answer 5

People irrationally discount the present value of a future benefit.

People irrationally view credit card purchases as costing less than cash purchases (see current issue of Economist).

People irrationally value benefits or costs far outside their expectations (see: prospect theory)

Answer 6

that the world owes us a living and can we get that delivered today.

Answer 7

road rage