An alternative interpretation is that investors are not the rational wealth-maximizers MBA students learn about in Finance 101.
She teaches you about investment strategies, explains short- and long-term goals, helps you develop a healthy emotional and rational relationship with wealth, and tells you when to spend some of your hard-earned shekels.
Consider the millions of dollars given to charity each year -- a rational act that reduces wealth but enhances well-being.
Prediction error and marginal utility both represent a value interval, and both assume a reference state (prediction and current wealth or rational expectation [ 22, 23], respectively) and a gain or loss relative to that state.
His decision to give away ninety-nine per cent of his wealth feels similarly rational.
A former insurance specialist, Buffett dislikes intangibles – he has built his wealth on a rational, calculated analysis of risk.
Levy Capital Gains Tax on main residential homes This is the rational way to tax property wealth, the biggest single drive of inequality in the country – especially between the generations.
Within a political model where all revolves around self and wealth, it is rational to vote based on who gives you the best tax perks.
Few would openly defend such grotesque inequality as a rational or just distribution of wealth, but any challenges to this system are easily dismissed.
Professor Rawls's goal was to prove that the case for redistribution of wealth flowed from rational discourse, not sloppy moralizing or ideological froth.
For reasons that had as much to do with heritage as with rational calculation, much of that wealth was concentrated in property, and the Centria was a prestige address.
