WWTBAM Bored

http://wire.factcheck.org/2009/02/10/wh ... e-part-ii/

Ya pays yer money and ya takes yer cherce. Here's hoping that someone willing to admit to any mistakes and work to fix them is in charge.

It's the Bounded Rationality problem.

We can't possibly get all the information necessary to adopt a truly rational solution, so we offer limited ones.

Therefore, any economic model assuming the complete rationality of all the players in the economy is bound to be wrong.