Examples of Rationality Applied To Different Fields
Individuals or organizations are called rational if they make optimal decisions in pursuit of their goals. It is in these terms that one speaks, for example, of a rational allocation of resources, or of a rational corporate strategy. For such "rationality", the decision maker's goals are taken as part of the model, and not made subject to criticism, ethical or otherwise.
Debates arise in these four fields about whether or not people or organizations are "really" rational, as well as whether it make sense to model them as such in formal models. Some have argued that a kind of bounded rationality makes more sense for such models.
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.
Read more about this topic: Rationality
Famous quotes containing the words examples of, examples, applied and/or fields:
“Histories are more full of examples of the fidelity of dogs than of friends.”
—Alexander Pope (1688–1744)
“Histories are more full of examples of the fidelity of dogs than of friends.”
—Alexander Pope (1688–1744)
“Standards of conduct appropriate to civil society or the workings of a democracy cannot be purely and simply applied to the Church.”
—Joseph Ratzinger (b. 1927)
“If the Union is once severed, the line of separation will grow wider and wider, and the controversies which are now debated and settled in the halls of legislation will then be tried in fields of battle and determined by the sword.”
—Andrew Jackson (1767–1845)