enow.com Web Search

Search results

  1. Results from the WOW.Com Content Network
  2. Ecological rationality - Wikipedia

    en.wikipedia.org/wiki/Ecological_Rationality

    Ecological rationality challenges rational choice theory (RCT) as a normative account of rationality. According to rational choice theory, an action is considered rational if the action follows from preferences and expectations that satisfy a set of axioms, or principles. These principles are often justified based on consistency considerations ...

  3. Economics terminology that differs from common usage

    en.wikipedia.org/wiki/Economics_terminology_that...

    Welfare economics is a branch of economics that uses microeconomic techniques to evaluate economic well-being, especially relative to competitive general equilibrium, with a focus on economic efficiency and income distribution. [13] In general usage, including by economists outside the above context, welfare refers to a form of transfer payment ...

  4. Rationalization (economics) - Wikipedia

    en.wikipedia.org/wiki/Rationalization_(economics)

    In economics, rationalization is an attempt to change a pre-existing ad hoc workflow into one that is based on a set of published rules. There is a tendency in modern times to quantify experience, knowledge, and work. Means–end (goal-oriented) rationality is used to precisely calculate that which is necessary to attain a goal.

  5. Rational choice model - Wikipedia

    en.wikipedia.org/wiki/Rational_choice_model

    The concept of rationality used in rational choice theory is different from the colloquial and most philosophical use of the word. In this sense, "rational" behaviour can refer to "sensible", "predictable", or "in a thoughtful, clear-headed manner." Rational choice theory uses a much more narrow definition of rationality.

  6. Rationality - Wikipedia

    en.wikipedia.org/wiki/Rationality

    Rationality plays a key role in economics and there are several strands to this. [110] Firstly, there is the concept of instrumentality—basically the idea that people and organisations are instrumentally rational—that is, adopt the best actions to achieve their goals.

  7. Jim Carrey Clarifies His Retirement Comments: It's 'More ...

    www.aol.com/jim-carrey-clarifies-retirement...

    Jim Carrey isn't swearing off acting for good.. The actor returns to the big screen in the new sequel Sonic the Hedgehog 3 after previously saying in 2022 that he was "being fairly serious" about ...

  8. Glossary of economics - Wikipedia

    en.wikipedia.org/wiki/Glossary_of_economics

    Also called resource cost advantage. The ability of a party (whether an individual, firm, or country) to produce a greater quantity of a good, product, or service than competitors using the same amount of resources. absorption The total demand for all final marketed goods and services by all economic agents resident in an economy, regardless of the origin of the goods and services themselves ...

  9. Trump says he gave permission to Elon Musk to trash GOP ... - AOL

    www.aol.com/trump-says-gave-permission-elon...

    President-elect Donald Trump, after rejecting House Speaker Mike Johnson's plan to avoid a government shutdown, worked the phones on Thursday, showing wavering confidence in Johnson and claiming ...