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Entrepreneurship is not, in this view, a sort of rational risk calculation.
"I'm taking a risk, but it's a rational risk," he said.
The approach permits rational risk assessment for existing product changes and optimization of new formulations.
He could see no rational risk in turning on the stove light, but part of having a complicated mind was understanding its limits, understanding that it couldn't think of everything.
Rational, risk averse individuals are expected to enrol in the NHIS to protect themselves from catastrophic health expenditure in the event of ill health.
In characterizing negligence as the failure to take cost-justified precautions, economic analysis identifies reasonable risk-taking with rational risk taking.
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I ask that we address this topic with a rational risk-based approach, and I urge Congress to pass a chemical security bill this year.
This novel model is shown to be capable of providing a method for predicting wind speed and pressure time histories and debris impact energies that can ultimately be used in the development of a rational risk-based design methodology for tornado wind loads on buildings.
The traditional view, articulated by the economist Joseph Schumpeter, sees entrepreneurs as brilliant calculators who take rational risks that other people are afraid to try.
The problem for economic historians is to explain why some countries, like Victorian Britain, seem to lose their edge, even though their financial markets work as well as those elsewhere and their entrepreneurs continue to take rational risks.
Comcast, the corporate parent of Universal, has long encouraged rational risk-taking to explore potential new businesses.
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