Sentence examples for models of rational from inspiring English sources

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.

Simon and March took the position that decision makers, while "intendedly rational," face such great uncertainty that their actions cannot be understood by standard models of rational choice (i.e., decision theory).

Models of rational behavior predict many of society's patterns, such as the prevalence of tax evasion and union strikes.

Prospect theory can explain some of the ways in which actual behaviour deviates from theoretical models of rational behaviour under risk.

The attempt to develop models of decision which take resource limitations into account is sometimes presented as a counterpoint to the normative models of rational choice which are often employed in economics and political science.

The focus will be on models of rational belief, since these are the models that philosophers typically focus on, although it is worth noting that statistical work using IP isn't restricted to this interpretation.

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.

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

Better to stick to what the democrats have always done best: staging the kind of peaceful protests that have made the territory a model of rational political discourse in a part of the world where it is often sorely lacking.

Two decades ago Abhijit Banerjee, now at the Massachusetts Institute of Technology, devised a model of "rational herding" in which market participants base their decision on a combination of their own information and the actions of others.