Alex C. Michalos
Abstract
Abstract It is argued that by explicating rationality in terms of benefits balancing or outweighing costs instead of in terms of maximizing or satisficing something, a more adequate view of rationality is obtained.
OpenAlex reports 1 citations for this work. Citation counts describe recorded attention and do not establish research quality.
A contribution statement is not available in the OpenAlex record.
Method details are not available in the OpenAlex metadata.
Findings are not separately available in the OpenAlex metadata.
Limitations are not available in the OpenAlex metadata.
Application details are not available in the OpenAlex metadata.
Abstract It is argued that by explicating rationality in terms of benefits balancing or outweighing costs instead of in terms of maximizing or satisficing something, a more adequate view of rationality is obtained.
Key concepts: Rationality, Satisficing, Economics, Bounded rationality, Positive economics, Ecological rationality, Mathematical economics, Microeconomics