Apart from one revenue-sharing deal with Mr Branson, Railtrack has invested little since privatisation in expanding the network's capacity.Railtrack has acted rationally in response to the incentives created by the track-access charge regime.
Some argue that Carswell has acted rationally on the grounds that if Cameron were to win the election, his subsequent negotiation with the rest of the EU would be a sham, because the PM is thought to want to stay in Europe.
If they had acted rationally, and decided a cracked window was not worth a protester's cracked skull, they would have been fine.
While the judge observed that there was disputed evidence over whether metal bats were more harmful than wooden bats, he said that the Council had acted rationally in assessing "that the risk is too great".
In upholding the ban, Judge John G. Koeltl of Federal District Court in Manhattan said that while there was no clear empirical evidence that metal bats cause more serious injuries than wooden ones, the City Council had acted rationally in assessing the anecdotal evidence, including a handful of deaths of players who were struck by balls hit off metal bats.
Or we could have acted, you know, rationally: every economist, left, right and centre, has said for a generation that it makes no sense to let the fossil fuel companies pour their carbon out for free, and that the economic mess we're creating far outweighs the cost of preventing it.
The same challenge was thrown out last week by High Court Judge Maurice Kay, who ruled that Mr. Straw, in insisting on keeping the medical records confidential, had acted "lawfully, fairly and rationally".
The political economist often asks not whether welfare the rule induces pareto efficiency but whether the parties have acted voluntarily, consented to the rule, or would have (rationally) consented to the rule.
But Bill Gross, founder of Pimco, told the Guardian in March that while as an investor he had to act rationally, as a citizen, he would vote for a progressive government, to make sure any stability measures minimised the impact on employment and social services.
Voters don't have to act rationally.
Despite decreasing the scores of their neighbors, these contrarians acted rationally, since they had all non-same neighbors and thus maximum utility.
