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A comment on One college town's uneasy embrace of drinking. Parent comment

Re:One college town's uneasy embrace of drinking by droopyEyelids on Monday December 01, 2014 @08:23PM (#8685180)
The problem with this is everyone's definition of Rational Actor is arbitrary in what incentives it excludes or includes. Talking about what a Rational Actor would do makes about as much sense as claiming your opinion is fully objective.
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Re:One college town's uneasy embrace of drinking by baddox on Monday December 01, 2014 @09:08PM (#8685297)
In my opinion, the version of rationality that has the most relevance to economic analysis (and should really be the primary definition of the term in economics) is bounded rationality.

http://en.wikipedia.org/wiki/Bounded_rationality

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