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But the mere fact that the market is hard to beat does not make it rational.
And when you make it rational for people to bet the house, you may end up without a roof over your head.
"It is clear that the nonresident property owners have a sufficient interest in town affairs to make it rational for the town to include them in the political process," the Court of Appeals for the 10th Circuit ruled.
Rawls says that in general there are three conditions that must be met in order to make it rational to follow the maximin rule (TJ 154 55/134).
But, the special conditions that make it rational to have coherent betting quotients, so as to avoid a sure loss, are not met in general.
There will be times when the circumstances make it rational for her to select something that is (generally speaking) contrary to her nature (e.g., cutting off one's own hand in order to thwart a tyrant).
Similar(45)
"That makes it rational for them to form a close, incestuous relationship with politicians and the media, which is then highly vulnerable to corruption," said Kevin Featherstone, a professor of European Politics at the London School of Economics.
In the cases of both Spain and Italy debts that appear sustainable at interest rates of 3-4% become unsustainable if rates move persistently to 6-7%, making it rational for investors to keep selling bonds even as they get cheaper.
Those on the left argue that elite greed and the squeezing of the lower and middle classes have made it rational to be fatalistic, to lose hope and to stop trusting in one's own agency.
According to Wedgwood, this asymmetry makes it rational for me to be epistemically biased in my favor.
The large body of literature correlating FDG-PET with nodal pathology in NSCLC makes it rational to use PET for designing mediastinal radiation fields.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com