Rationality - What is 'rationality'? — Economy

What does rationality mean?

For the postulates of the theory imply that you should behave in accordance with the logical implication of all that you know.

The statistical properties of small samples are a case in point.

Bounded Rationality In Decision

This fact about small samples, when combined with the known limits to human short-term memory, suggests that our working-memory limits may be an adaptive response to our environment that we exploit at different stages in our lives.

Description: An alternative position on rationality which includes bothas well as the affective rationality value-based arguments of Weber can be found in the critique of Etzioni 1988who reframes thought on decision-making to argue for a reversal of the position put forward by Weber.

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Continuing, Kahneman and Tversky report that several hundred subjects have been given slight variations of this question and for all versions the modal and median responses was 0.
If we also accept: Rationality There is reason not to intend to E, then, so long as one does not intend to M, one has no reason to intend to E and reason not to intend to E.

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