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Q: What are rational decisions?
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How do rational numbers equal rational decisions?

They do not. There is no relationship between rational numbers and rational decisions.


What is the definition of rational decisions and irrational decisions?

Rational decisions are thought out with common sense, irrational are not.


When problem solving and making decisions where is your rational thought being centered?

Rational thinking stems from your pre-frontal cortex.


What are the benefits of making rational decisions?

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.


What can you do to make them stop bad decisions?

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.


How would you use economic in a sentence?

He was known to make rational, economic, and practical decisions.


What are the strengths and weeknesses of behavioral and logical decsion making styles?

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.


What has the author M Tribus written?

M. Tribus has written: 'Rational descriptions, decisions and designs'


List two forms that rational choice can take?

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.


What do economists mean by rational self interest?

Basically, it means that an individual makes Economics decisions that he or she believes will benefit him or her the most. Self-rational interest is different from selfishness.


A fundamental assumption of economics is?

1) People are rational & they use some rational logic in making decisions 2) People are always toying to maximize there self-interest


What do economists mean by rational self-interest?

Basically, it means that an individual makes economics decisions that he or she believes will benefit him or her the most. Self-rational interest is different from selfishness.