|
|
 Originally Posted by MadMojoMonkey
Obv. My point is... that person probably doesn't want to be addicted to heroine, they just want to feel better for a while. But they do something - which they have no reason to claim ignorance of - which will almost 100% have them addicted to heroine. My point is that person's choice to use heroine is explained as a choice to maximize utility.
My point is that same person at that same moment not doing heroine is said to choose to not do heroine in order to maximize their utility.
No that person is going to make a decision to do it or not do it. He will always pick one or the other. It is the act of actively picking one that is maximising his utility. If we understood people better we'd be able to say what that person was going to pick before they did & why.
I don't believe this has anything to do with long term aims or goals. It'll be a function of payout over time type scenario. If you think of it as there is a pain medication that if you take you'll be addicted to there would be a point where you were in enough pain where that short term benefit becomes worth it.
You can also argue that really comprehending the consequences of your decisions is actually a really hard thing to do. Whereas short term effects aren't.
 Originally Posted by MadMojoMonkey
IDK. People lie about why they do things all the do da day. I have observed that some people exhibit self-destructive behavior and will admit to as much when asked.
Not sure what this has to do with it & why it couldn't tie in.
 Originally Posted by MadMojoMonkey
To me, it's no different than saying, "People have noses." Whether or not it's true is beside the point. What does it have to do with economics? / How can it help me to understand the economic world in which I find myself?
I'm understanding it as more of here is a function that max with their choices what that function is is more the point of contention & clearly it's so abstract or whatever that it becomes a bit of a nonsense but it certainly can be applied to very simple scenarios in a very concrete way.
 Originally Posted by MadMojoMonkey
People make emotional decisions or impulsive decisions all the do da day, too. Not every decision is a rational choice.
There is much psychological evidence which suggests that people are totally full of lies when it comes to explaining their decisions, anyway. There is every reason to believe that our decisions are made many seconds before we become consciously aware of them, and we do a few little things to trick ourselves into thinking the decision is evolving in our minds, when really, we're stalling for time to come up with rational, word-based excuses to perform what we were gonna do anyway.
This is agree with. I'm not expecting people to understand the decisions they are making but I don't see why that won't become better understood with time & they are still making a choice.
|