Rational in the economics sense just means that people do things for a reason. We’re not acting randomly, we believe that when we put money towards a thing that we are receiving something of value for it.
Any more specific than that and we’re not talking about rationality in the economics sense any more. Rationality does not mean correct. Just with cause.
Rational in the economics sense just means that people do things for a reason. We’re not acting randomly, we believe that when we put money towards a thing that we are receiving something of value for it.
Any more specific than that and we’re not talking about rationality in the economics sense any more. Rationality does not mean correct. Just with cause.