Exact(1)
This is perfectly rational; money in hand now is not at risk of not materializing later; inflation lowers the value of future money, creating an actual cost of waiting to receive the funds; and taking the money now allows for investments that could grow over the waiting period (in other words waiting for future money entails an opportunity cost).
Similar(57)
Rather, historical sources suggest that interest in nature, humanistic learning, and individualism were already present in the late medieval period and became dominant in 15th- and 16th-century Italy concurrently with social and economic changes such as the secularization of daily life, the rise of a rational money-credit economy, and greatly increased social mobility.
We're not rational about money, and this preys on it.
"Rational people leave money on the table with energy efficiency," Dr. Tierney said.
Thinking women mostly do have elaborate beauty routines – now the industry's promises are credible, it's rational to invest money and energy chasing radiance and "forever youth".
Here we are in a recession because the people who claimed to be all rational and understand money put it all in a pyramid scheme.
That will mean a painful readjustment, but ultimately a more sustainable and rational approach to money.Andrew HuntEdinburghSIR – I am perplexed at your continued tolerant attitude towards the banking sector.
Furthermore, suppose that the moderately guilt-averse expert knows that for a rational consumer burning money is only a best reply if he has at least somewhat optimistic beliefs about the behavior of the expert.
Such money makes rational men do irrational things.
What rational investor would put money into the airline?
On the other, there are the highly rational matters of controlling money and property".
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