irrationality :

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i ra shuh na luh tee

  • n  the state of being irrational; lacking powers of understanding

  • He has led graduate seminars on the "generic cities" of the developing world, not to see how those places can be rationalized but to learn from their irrationality.
  • But, beneath the furious roil of the economic crisis, a national conversation has quietly begun about the irrationality of our drug laws.
  • Irrationality holds a treasured place in game theory, the branch of economics dedicated to strategic questions of this sort.
News & Articles

  • Make Friends With Fear And Greed
    Fear and greed are in constant flux in the financial world. That's fine by me, since temporary bouts of market irrationality allow patient investors to buy low and sell high.
    June 26, 2013 - Forbes

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