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Ep 130: Steven Pinker’s ”Rationality” Ch 6 ”Risk and Reward” (Rational Choice & Expected Utility). Analysis.

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The Theory of Rational Choice Is Not a Casino

Pinker: Everyday life presents us with countless choices that we intuitively evaluate in terms of their expected utilities. The theory of rational choice simply spells out the rational behind this kind of reasoning, he says. In otherwords, real life scenario is not like a casino where we are guessing w he uses the word intuit to explain our decisions.

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