If it were fully rational, it wouldn't be music.
In the internal logic of brinkmanship, it can perhaps make sense to sow doubt in your opponent's head about whether you are fully rational.
As the economist Thomas Schelling showed many years ago, "It does not always help to be, or to be believed to be, fully rational, coolheaded, and in control of oneself" when it comes to brinksmanship.
The unfair advantage the superior athlete gets isn't simply favoritism, or based on past credit in the bank — or, rather, it is, but it's fully rational, and essentially fair.
If humans were fully rational (at least, rational in the way that economists define the word), they would attach the same monetary value to a week's delay in receiving a payment, regardless of when that week began.
"Of course, you can do stuff that involves people not being fully rational, but the bulk of it is the full neoclassical thing, rational individuals interacting with markets that are either perfectly competitive or imperfectly competitive in well-defined ways, whereas macro tends to be a lot of ad-hoc stuff.
First, in the scenario of equilibrium, the players are assumed to be fully rational.
Total agreement, what Blom calls "maximal agreement," is possible only to the extent that men are fully rational EIVP31-EIVP355).
The idea would be that to be fully rational in part just means doing what one believes to be right.
