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:
“There are many examples of women that have excelled in learning, and even in war, but this is no reason we should bring ‘em all up to Latin and Greek or else military discipline, instead of needle-work and housewifry.”
—Bernard Mandeville (1670–1733)
“In the examples that I here bring in of what I have [read], heard, done or said, I have refrained from daring to alter even the smallest and most indifferent circumstances. My conscience falsifies not an iota; for my knowledge I cannot answer.”
—Michel de Montaigne (1533–1592)
“A propositional sign, applied and thought out, is a thought. A thought is a proposition with a sense.”
—Ludwig Wittgenstein (1889–1951)
“... my one aim and concentrated purpose shall be and is to show that women can learn, can reason, can compete with men in the grand fields of literature and science ... that a woman can be a woman and a true one without having all her time engrossed by dress and society.”
—M. Carey Thomas (1857–1935)