Edited sentence: A straw man is set up by declaring that people should act in a certain way.Economists, risk analysts, et al, often postulate what a person should do, and then when they measure the results they find a disparity and then claim that people are wrong, which is a logical fallacy.In actuality it is a logical fallacy.In fact it was the assumptions that were wrong.More accurately, the *assumptions* of utility theory are wrong, having been disproved by real people making real choices.The truth is that the assumptions are wrong; and if people do not conform to the assumptions then the people are certainly correct as nobody can define people better than people, especially not economists and risk analysts claiming to knwo what people should do.When observations disprove the expected actions by real people,  economists and risk analysts declare the people to be wrong