Hmm, I wonder who is the more rational actor here.
The other thing you notice is that the locals aren't behaving like rational economic actors.
This school attempts to explain collective choices by rational actors.
This isn't to say that eighteen-year-olds are perfectly rational economic actors.
I'd also like to know how you define "rational actors".
So by this metric I am not a rational actor.
Very nice, you did a google search on capitalism assumes a "rational actor".
Indeed, "rational actor" is the only element of that quote i can be 100% about, since the exact term was key.
This theory does not support the idea that all individuals are rational actors because of cognitive inability.
The assumption of a perfectly rational economic actor is unrealistic.