3 ms·
By the definition I understand, rational means payoff maximizing. How an actor gets to payoff maximization is irrelevant. In other words if "irrational" actions
by aakilfernandes 11y ago
By the definition I understand, rational means payoff maximizing. How an actor gets to payoff maximization is irrelevant. In other words if "irrational" actions result in payoff maximization, then the "irrational" actions ARE rational.