Carla Tardi is a technical editor and digital content producer with 25+ years of experience at top-tier investment banks and money-management firms. The rational expectations theory is a concept and ...

Rational choice theory (RCT) theorists believe that most human decisions are based on maximizing a person's own benefits, while minimizing that which can hurt the individual, according to Business ...

Explore how backward induction helps solve game theory problems by working from the end backward to determine optimal actions. Learn with practical examples.

Rivista Internazionale di Scienze Sociali, Anno 115, No. 3, Rational Beliefs Theory (Luglio-Settembre 2007), pp. 293-326 (34 pages) The Rational Beliefs Theory is founded on the observation that in ...

Rational organization theory is the idea that an organization, such as a business, is a tool for achieving a definable goal or set of goals. A rational organization uses a formal structure to define ...

Can there be a rational, negotiable, relatively reasonable bigot? Barack Obama thinks so. So we learn from the president’s interview last week with the Atlantic’s Jeffrey Goldberg—the same interview ...

As children most of us learn to bide our time when asking approval or permission. We take note of the temperature of the emotions in our home and pay attention to the little signals to ensure that we ...