Max Weber :)
They do not. There is no relationship between rational numbers and rational decisions.
Rational decisions are thought out with common sense, irrational are not.
Economic perspective is a viewpoint that envisions individuals and institutions making rational decisions by comparing the marginal benefits and marginal costs associated with their actions.
Economic perspective: a viewpoint that envisions individuals and institutions making rational decisions by comparing the marginal benefits and marginal costs associated with their actions
Rational thinking stems from your pre-frontal cortex.
Rational decisions usually lead to positive or desirable outcomes. An irrational decision may lead to a bad outcome. For example if I want to visit Australia, I could book an airline ticket...or swim! One of these choices is rational the other not so much.
If you have a rational, logical argument and they are rational, logical people, than you probably have a chance at bringing them back from making bad decisions. But it's only your opinion that it's a bad decision, after all.
He was known to make rational, economic, and practical decisions.
Plato believed that the perfect society should be guided by reason and ruled by philosopher-kings who base decisions on rational principles, rather than being solely bound by tradition or convention. He believed that an ideal society should be structured to promote justice, wisdom, and harmony among its citizens.
Rational choice can take the form of maximizing utility, where individuals make decisions based on maximizing their own personal satisfaction. It can also take the form of optimizing resources, where individuals make decisions based on achieving the best outcome with limited resources.
The strengths of logical decision making styles are using rational thoughts and actions to make the decisions. The weakness of logical decision making is that the behavioral aspect is not incorporated into the decisions. The strength of behavioral decision making is the fact that decisions are based off of actions and behavior rather than 100 percent rational. The weakness to the behavioral decision making style is that logic and rational are needed in most all decisions made for certainty.
M. Tribus has written: 'Rational descriptions, decisions and designs'