Migration from city to city is easier, when it comes to finding a niche to fill at the far end of the journey, than from country to town.The author has a good eye for the conflicts that can complicate his picture of rational people responding to risk.
Or is he a benign bridge-builder between the corporate world and the public?The dark artsDespite representing big businesses, Lee at first bought in to two of Progressivism's main ideas: that the excesses of capitalism must be curbed; and that ordinary people were rational and responded best to facts and figures.
How shall the diverging opinions of experts in a panel be combined and how should a rational agent respond to such disagreement?
A 100% D-efficient design was achievable with 18 choice scenarios, three of which were 'rationality' tests (ie, scenarios in which one test is unequivocally preferable to the alternative on all attributes; these act as checks for 'rational' responding, which is an indicator of understanding and engaging with the task.
Maybe she's just a rational "economic woman," responding to incentives.
But those few people who are not rational, who are responding to a fear and hatred of that which they do not understand, can wreak enormous damage.
And while the new breed of entrepreneurs are often portrayed as unscrupulous or grotesque, like the murderous taxi tycoon in Aravind Adiga's scabrous The White Tiger, Hamid asks us to consider that they might in fact be rational, honourable people responding as best they can to their environment – just like you or me.
Let me show you some past statistics about downturns so you can put what's happening to you in context and make informed and rational decisions, instead of responding emotionally.
Deterrence theories are criticised for treating people as brutes not rational agents capable of responding to moral reasons because the deterrent element of punishment gives people a prudential reason (relating to the prospect of punishment), not a moral reason, to refrain from breaching the law.
Human beings are rational creatures who respond to incentives and rewards.
The Chicago/neoclassical school tends to build up from the micro level, looking at the way that rational individuals will respond to incentives.
