“The theory of rational action may therefore fail, because it is unable to produce unique prescriptions and predictions. It may also fail if the agents’ behavior does not conform to predictions, whether these are unique or not; that is, if the agents are irrational. There are multiple sources of irrationality, hot or cold.”
Reason and Rationality (2009)
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Jon Elster 12
Norwegian academic 1940Related quotes

“The tendency to be rational is the consistent and hence predictable element in human behavior.”
Source: Price Theory: An Intermediate Text, 1986, p.4
Good Thinking: The Foundations of Probability and Its Applications (University of Minnesota Press, Minneapolis, 1983), first paragraph

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The Flight from Realityin the Human Science (2005), Chapter 4. Gross Concepts in Political Argument.
Source: An Introduction To Probability Theory And Its Applications (Third Edition), Chapter XV, Markov Chains, p. 420.