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Though there are further technical conditions to extend the theory to infinite sets of alternatives and to capture further plausible rationality conditions concerning gambles, economists generally subscribe to a view of a rational agent as possessing complete and transitive preferences and as choosing among the feasible alternatives whatever he or she most prefers.
Orderings and inference relations can be successfully used to model the behavior of a rational agent.
In this paper we explore the use of a formal ontology as a constraining framework for the belief store of a rational agent.
This Note analyzes the evidence and argues that personhood is a cluster concept with distinct components: the biological concept of the human being, the notion of a rational agent, and unity of consciousness.
On the one hand, propensities are said to constrain the degrees of belief, or credences, of a rational agent.
Personal explanation is given "in terms of the intentional action of a rational agent" (Swinburne, 1979, 20).
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Here's our first putative norm of standard decision theory (van Fraassen 1983: 297): Possibility of Vindication A rational agent will not adopt an option that has no possibility of attaining minimal disutility, when such a minimum exists.
"Tiger Woods, the model of perfection and what an economist would think of as a rational agent, even he exhibits these biases.
Recall that Savage was trying to formulate a way of determining a rational agent's beliefs from her preferences over acts, such that the beliefs can ultimately be represented by a probability function.
Nevertheless, the posterior probability retains its purely subjective, conditional meaning as the degree of belief a rational agent will have in the hypothesis given whatever priors have been used.
It contrasts primarily with subjective probability, which refers to the degree of confidence that a rational agent should have in the truth of a given proposition (see probability theory).
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CEO of Professional Science Editing for Scientists @ prosciediting.com