tag:blogger.com,1999:blog-8108873838511825588.post6263973858501883044..comments2023-10-06T18:31:40.918+05:00Comments on M. Ali Kemal's Blog: Are Consumers Rational?M Ali Kemal's Bloghttp://www.blogger.com/profile/10974208742195031895noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-8108873838511825588.post-26898652562803144582011-07-25T23:44:00.441+05:002011-07-25T23:44:00.441+05:00Omer, I take rationality as the behavior of the pe...Omer, I take rationality as the behavior of the people which includes the knowledge and information. I could be wrong totally. <br />Why would anyone buys rotten tomatoes from a poor vendor. Are you thinking of a philanthropist.M Ali Kemal's Bloghttps://www.blogger.com/profile/10974208742195031895noreply@blogger.comtag:blogger.com,1999:blog-8108873838511825588.post-19911613026173003572011-07-25T12:41:31.938+05:002011-07-25T12:41:31.938+05:00This comment has been removed by the author.Faridhttps://www.blogger.com/profile/13631842311251446967noreply@blogger.comtag:blogger.com,1999:blog-8108873838511825588.post-17362695175526839922011-07-25T10:47:08.093+05:002011-07-25T10:47:08.093+05:00Ali, first of all you need to be clear what ration...Ali, first of all you need to be clear what rationality means as used in neoclassical microeconomic theory. Most of the examples you've given relate to the policies by the government, which has little to do with consumer rationality. Besides, how can you say that a person buying rotten tomatoes is irrational? If someone buys rotten tomatoes from a poor vendor, from whom no one else is buying tomatoes, then the buyer may not be as irrational as the standard microeconomic theory might make him to be.Omernoreply@blogger.com