Why we make Irrational Choices

To understand what is irrationality it is better to understand what rationality is: rationality is the idea that our choices are made based on what brings us the most utility and benefit. Although, we may think we instinctively do this, we all have probably got thoughts in our head from when we have made a decision we regret and this is a source of irrationality which is what we are going to discuss. The main reasons for irrational…