Search results
Results from the WOW.Com Content Network
A rational agent can be anything that makes decisions, typically a person, firm, machine, or software. The concept of rational agents can be found in various disciplines such as artificial intelligence, cognitive science, decision theory, economics, ethics, game theory, and the study of practical reason.
Moral rationalism, also called ethical rationalism, is a view in meta-ethics (specifically the epistemology of ethics) according to which moral principles are knowable a priori, by reason alone. [1] Some prominent figures in the history of philosophy who have defended moral rationalism are Plato and Immanuel Kant .
Economic ethics is the combination of economics and ethics, incorporating both disciplines to predict, analyze, and model economic phenomena.. It can be summarised as the theoretical ethical prerequisites and foundations of economic systems.
Rationalism has a philosophical history dating from antiquity.The analytical nature of much of philosophical enquiry, the awareness of apparently a priori domains of knowledge such as mathematics, combined with the emphasis of obtaining knowledge through the use of rational faculties (commonly rejecting, for example, direct revelation) have made rationalist themes very prevalent in the history ...
The term Homo economicus, or economic man, is the portrayal of humans as agents who are consistently rational and narrowly self-interested, and who pursue their subjectively defined ends optimally. It is a wordplay on Homo sapiens , used in some economic theories and in pedagogy .
Imagine there's a game where one person is placed in a room and assigned the role of the "sender." A second person in a different room is assigned the role of "receiver." The sender is given $20 ...
The rational choice model, also called rational choice theory refers to a set of guidelines that help understand economic and social behaviour. [1] The theory originated in the eighteenth century and can be traced back to the political economist and philosopher Adam Smith . [ 2 ]
Others think that any kind of rationality along the lines of rational choice theory is a useless concept for understanding human behavior; the term homo economicus (economic man: the imaginary man being assumed in economic models who is logically consistent but amoral) was coined largely in honor of this view.