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In sociology, the term rationalization was coined by Max Weber, a German sociologist, jurist, and economist. [1] Rationalization (or rationalisation ) is the replacement of traditions, values, and emotions as motivators for behavior in society with concepts based on rationality and reason . [ 2 ]
A common idea of many theories of rationality is that it can be defined in terms of reasons. On this view, to be rational means to respond correctly to reasons. [2] [1] [15] For example, the fact that a food is healthy is a reason to eat it. So this reason makes it rational for the agent to eat the food. [15]
(1) instrumentally rational (zweckrational), that is, determined by expectations as to the behavior of objects in the environment and of other human beings; these expectations are used as "conditions" or "means" for the attainment of the actor's own rationally pursued and calculated ends; (2) value-rational (wertrational), that is, determined ...
Instrumental action has "nonpublic and actor-relative reasons," and value-rational action "publicly defensible and actor-independent reasons". [ 11 ] In addition, he proposed a new kind of social action—communicative—necessary to explain how individual instrumental action becomes prescribed in legitimate patterns of social interaction, thus ...
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.
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 ...
Reason is the capacity of consciously applying logic by drawing valid conclusions from new or existing information, with the aim of seeking the truth. [1] It is associated with such characteristically human activities as philosophy, religion, science, language, mathematics, and art, and is normally considered to be a distinguishing ability possessed by humans.
Sectors and themes can go in and out of favor for various reasonable or silly reasons. But smooth out the trend over time, and quality companies with earnings growth tend to win out in the long term.