Average Quote by Charlie Munger

The term "rational" and its variants (rationality, rationalism) are used in a lot of contexts in economic debate, both positively and negatively, but nearly…

— John Quiggin

It is easier to rationalize than it is to be rational.

— Warren Buffett

I would warn against too much of a radical devotion to rationality. Rationality is an illusion, an invented concept, a construct from the mind…

— Derek R. Audette

Rationalizing is wasteful. Rationalization, on the other hand, is critical.

— Jamie Timbre

To want to tackle everything rationally is irrational

— Ilyas Kassam

“Standard economics assumes that we are rational... But, as the results presented in this book (and others) show, we are far less rational in…

— Dan Ariely

Investment must be rational; if you can't understand it, don't do it.

— Warren Buffett

Rationality is the recognition of the fact that nothing can alter the truth and nothing can take precedence over that act of perceiving it.

— Ayn Rand

Rationalization is a cover-up, a process of providing one's emotions with a false identity, of giving them spurious explanations and justifications - in order…

— Ayn Rand

One of my main agenda right from the beginning has been cost rationalization, and we have done a lot of cost rationalization.

— Arundhati Bhattacharya

We are all far less rational in our decision-making than standard economic theory assumes. Our irrational behaviors are neither random nor senseless: they are…

— Dan Ariely

Interestingly, human irrationality is a hot topic in economics at the moment. Behavioural economics it's called, on the cusp of economics and psychology.

— Evan Davis