Segments of economics have problem deciding whether to be descriptive or prescriptive; a theorist will come up with a proof of what a rational actor would do in a given situation. When it's pointed out that no one does that, the theorist responds that he is uninterested in the economics of stupid people.
Check out Misbehaving by Richard Thaler for the entertaining details.
Check out Misbehaving by Richard Thaler for the entertaining details.