The bubble in irrationality

By Razib Khan | May 29, 2009 10:56 am

Felix Salmon pointed me to The Myth of the Rational Market: A History of Risk, Reward, and Delusion on Wall Street today. There really is a boom in these sorts of books recently! Are we overdoing the “irrationality” bit? Probably. Mike offers up some skepticism about the creeping of irrationality as an explanation for everything.

CATEGORIZED UNDER: Culture
  • bioIgnoramus

    Far more trouble is caused by arguing rationally from bad premises than by arguing irrationally from good ones. And if you don’t agree I’ll bash you on the snoot.

  • http://mcape.blogspot.com/ McApe

    There probably is some excess hoeing of the irrationality row going on, but that seems to me to be a relatively natural swing of the pendulum away from the excess of faith in human rationality which was prevalent before.In the current wave of books on irrationality it might be easy to lose the perspective that it was rational human thought which put together all of the research which exposed so much human irrationality. The current wave is fascinated with tearing down old constructs which were based on the myth of human rationality. At some point this should move toward attempts to build new models based on a more balanced view of human nature.

  • http://neuroskeptic.blogspot.com Neuroskeptic

    Is there a way of explaining a bubble in books about irrationality without positing irrationality? This stuff is deep, man.
    It could be that authors and publishers see that there is a market for humans-are-irrational books and rationally decide to make them. But that still leaves consumers as irrationally obsessed with irrationality. Unless, you see believing in irrationality (or at least, talking about it and being seen reading books about it) as a rational choice…

NEW ON DISCOVER
OPEN
CITIZEN SCIENCE
ADVERTISEMENT

Discover's Newsletter

Sign up to get the latest science news delivered weekly right to your inbox!

Gene Expression

This blog is about evolution, genetics, genomics and their interstices. Please beware that comments are aggressively moderated. Uncivil or churlish comments will likely get you banned immediately, so make any contribution count!

About Razib Khan

I have degrees in biology and biochemistry, a passion for genetics, history, and philosophy, and shrimp is my favorite food. In relation to nationality I'm a American Northwesterner, in politics I'm a reactionary, and as for religion I have none (I'm an atheist). If you want to know more, see the links at http://www.razib.com

ADVERTISEMENT

See More

ADVERTISEMENT

RSS Razib’s Pinboard

Edifying books

Collapse bottom bar
+

Login to your Account

X
E-mail address:
Password:
Remember me
Forgot your password?
No problem. Click here to have it e-mailed to you.

Not Registered Yet?

Register now for FREE. Registration only takes a few minutes to complete. Register now »