Exact(24)
They were behaving rationally.
The Greek stock market, unfortunately, is behaving rationally.
If investors are right about inflation, the bond market may be behaving rationally.
In other words, hospitals are behaving rationally according to the incentives set up by law.
It's that anti-vaccine parents are exploiting others by behaving rationally and strategically.
At any rate, engaging in cost-benefit analysis seems to be one way of behaving rationally.
Similar(36)
It is important to understand that fundamental principles of capitalism - that human beings are rational and markets behave rationally, and that markets will assign prices - are flawed.
A cornerstone of economic theory is people behave rationally when they behave selfishly: Rational agents always choose the option that gives the biggest payoffs to themselves.
The only fundamental way to persuade users and buyers and prescribers of drugs to behave rationally is to charge them rational prices, prices that reflect the cost of making an additional pill for someone to buy.
But, as a structural theory of rational choice, the framework assumes "that agents behave rationally in the sense that they choose actions that maximize their (induced) expected utilities" (Cudd 2006, 46).
The key flaws were the efficient market hypothesis and the rational expectations hypothesis: economists too often assumed that market actors not only behave rationally but do so according to the same mental models deployed by economists.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com