In the last decade, work in economics and finance (e.g., Delong et al. (1991), Daniel et al. (1998), Odean (1998)) area suggested that overconfidence triggers a behavior that theoretically is irrational but practically is highly applicable.
Nowadays, the nested game approach can be used to analyze a systematic, empirically accurate, and theoretically coherent account of apparently irrational actions [11 13].
For example, while playing against the Suns, he famously came sprinting from the corner and turned a beautiful Sergio Rodriguez Spaniard-to-Spaniard bounce pass into this irrational all-body layup, then vanished downcourt to theoretically play defense.
Considering how irrational individual minds are, business, which is at least "theoretically rational", may have more capacity to lead a climate change response.
The same holds true for a formalist model of law, which cannot theoretically acknowledge the interdependence of its principles with their social content and therefore must treat this content as an extra-legal, irrational foundation (1923a: 107 110).
