Sentence examples for model of rational from inspiring English sources

It is important to note, however, that while Hayek has a model of rational action as the centerpiece of his view, his is most emphatically not a form of rationalism.

Of course, no single individual is able to adhere strictly to this model of rational behaviour, but the point here is that the rational agent model assumes rationality as a general principle, and does not concern itself with empirical evidence about actual behaviour (i.e., as opposed to inferred behaviour) as to whether this assumption is actually valid.

Simon, H. A. A behavioral model of rational choice.

The more general, conventional model of rational economic man, is that of expected utility maximizing man.

The American Burke is a model of rational prudence; the Indian Burke one of imperial responsibility and sympathy.

Toward a normative model of rational argumentation for critical accounting discussion.

There is a tendency to see research on cognitive biases and bounded rationality ("behavioral economics") as challenging or even overturning an approach using models of rational behavior ("neo-classical economics").

Contrary to predictions from models of rational inattention, subjects are equally likely to ignore large or small incentive changes.

These disciplines, he says, offer more accurate descriptions of human behavior than the models of rational, sensible human beings at the heart of mainstream economic theory.

In contrast to these models of rational choice, Tversky proposes that we direct our attention to models of what we might call psychological man.

The intellectual foundation for the program is positive political economy, which includes formal models of rational choice, collective action, political institutions, political competition, and behavioral political economy.