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Yeah, that does seem closer to the definition people are using. But it still means that people who are correctly perceiving something that most other intelligent people can't perceive get classified as irrational.
I wasn't talking about what people perceive so much as what they enjoy. E.g. Wozniak didn't start building computers because he perceived that microcomputers would be a big business, but rather because he enjoyed it. So financially it was an irrational choice.
Yeah, I would just bundle the financial, hedonic, and other potential benefits/losses together under the umbrella term "utility," and talk about whether the decision is rational overall, with respect to utility
I think the definition of 'rational' as 'financially optimal' comes from classical economics — or maybe an oversimplification of classical economics — bleeding over. It's not a bad definition, but it's not widely useful outside of economics, imho
What's going on here is that when some people (people at the leading edge of some change) like something, it's not as random as they think. Wozniak seems to like something the same way a model train enthusiast does, but in *his* case his liking has predictive value.
Yup. Same thing for scientists who "irrationally" refuse to give up on a theory when it seems to be contradicted by experimental results. Sometimes, a good scientist's intuitions - e.g., about the predictive value of "beauty" or "elegance" in a theory - turn out to be correct
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