Market participants would rationally assume that every stock price is the true expected present value of future cash flows, with the appropriate rate of discount, and that those cashflows reflect fundamentals that everyone understands in the same way.
First, the California Rule does not necessarily reduce the benefits of all needy children when one of them receives outside income, for California may rationally assume that the caretaker will observe her duties to all of the AU's members and will take into account the receipt of any such income by one child when expending funds on behalf of the AU.
Thus, California may rationally assume that a caretaker will observe her duties to all the members of the AU and will take into account the receipt of any outside income by one child when expending funds on behalf of the AU.
A less weak-minded adversary would rationally assume that ONETIMEPAD was the plaintext, and that we had sent our message unencrypted.
We might rationally assume that the majority of patients, particularly those with the severe chronic conditions which my model focuses on, are looking to improve their own health and self-sufficiency, minimize the caretaking burden on their families, and contribute towards research which would extend these benefits across the patient community.
A degree of rationality is assumed here in that these risk-reduction models assume that if individuals are given the right information and tools (condoms) they will rationally change their behaviour.
Like their United States counterparts today, too many Japanese homebuyers overextended their debt, buying property that cost more than they could rationally afford because they assumed that values would only rise.
The neoclassical theory of economics was developed in the 19th century, inspired by Isaac Newton's "rational mechanics". The theory assumed that individuals act independently and rationally to maximize their own happiness.
We assume, rationally or not, that we'll suffer embarrassment and a loss of esteem and stature.
It must be said some have looked at their models and concluded they were flawed, either because they excluded the potential for wild excesses in the banking system or because they assumed people behave rationally when confronted with economic choices.
