An irrational person cannot reliably assess the cost of being irrational. A rational person can.
Yes, a fully rational person is better able to assess the relative costs of being irrational vs. rational. But this knowledge won’t help them much if it turns out that the costs of being irrational were lower after all.
Yes, a fully rational person is better able to assess the relative costs of being irrational vs. rational. But this knowledge won’t help them much if it turns out that the costs of being irrational were lower after all.