Optimally Irrational: The Good Reasons we Behave the Way we Do.

In "Optimally Irrational: The Good Reasons We Behave the Way We Do," Lionel Page explores two different definitions of rationality: one from economics and one more commonly held by laypeople and other disciplines. Page argues that what is often labeled as "irrationality" is actually an effective solution to the problems people face. He examines human decision-making through the lens of evolutionary biology, suggesting that our biases are adaptive solutions rather than flaws. While Page's approach is well-illustrated and provides valuable insights, there is a need for further research and testing of the proposed models. Overall, the book offers an excellent introduction to the literature on the evolution of economic preferences and encourages a deeper understanding of why people behave the way they do. [Extracted from the article]