Comments on: Can Irrationality Be Rational?

By: Tom Hickey

Tom Hickey — Thu, 01 Oct 2009 02:42:12 +0000

Millennia ago, Aristotle observed that rational agents act for an end that they regard as a good. He then distinguished between real and apparent goods. The difference between someone who is wise and someone who is not is the ability make this judgment correctly. For example, reason is often colored by passion or venality, information may be lacking, or a person may lack sufficient intelligence in complex situations. Thus, people can be rational and still be wrong.

By: Inverted Head and Shoulders chart pattern for 2009-09-30

Inverted Head and Shoulders chart pattern for 2009-09-30 — Wed, 30 Sep 2009 23:56:19 +0000

[...] Can Irrationality Be Rational? (ritholtz.com) [...]

By: MelJ

MelJ — Tue, 29 Sep 2009 18:07:37 +0000

You seem to assume that what is good for the officers of banks is
good for the banks themselves and vice versa. Now that’s irrational.

By: Along The Margin » Can Irrationality Be Rational?

Along The Margin » Can Irrationality Be Rational? — Tue, 29 Sep 2009 02:37:40 +0000

[...] Ritholtz responds to John Cassidy’s Rational Irrationality [...]

By: call me ahab

call me ahab — Tue, 29 Sep 2009 00:51:48 +0000

bergsten-

hmmm . . .

By: bergsten

bergsten — Tue, 29 Sep 2009 00:23:32 +0000

Who is this Harry Wagner, and how come he’s taken over Barry’s blog?

And how many of them are there? (one user name has a blank between the first and last names, one doesn’t). Maybe HE’S CNBC Sucks (who by the way wanted me to tell you all to go follow his tweets)!

Is it this guy at Allen & Co.? — hwagner@allenco.com

Anything to do with this?
http://www.urbandictionary.com/define.php?term=Harry%20wanger

And finally, why is everybody worked up about his posts?

By: Alex E

Alex E — Tue, 29 Sep 2009 00:10:53 +0000

I don’t see how any of the CEOs ot those working at the banks can necessarily be called irrational. They get paid asymmetrically for the risk they run and from a selfish view it makes perfect sense. Were they irresponsible and self-centred? Most likely but I do not think you can call them irrational.

By: Harry Wagner

Harry Wagner — Mon, 28 Sep 2009 23:24:17 +0000

Thor: It is not wrong, you will see the economic data is getting better every day, you doom and gloomers choose to sit there and ignore the vital changes taking place. Don’ say I did not warn you.

By: Thor

Thor — Mon, 28 Sep 2009 23:13:28 +0000

Hah – that’s just wrong

By: Harry Wagner

Harry Wagner — Mon, 28 Sep 2009 22:50:10 +0000

And when the stellar economic news comes in later this week we could be seeing 1150+ in our rearview mirrors. I can not wait to see these numbers and watch all the mini-booms advance our economic growth for years to come.