Business, Legal & Accounting Glossary
A decision-making process that is based on making choices that result in the most optimal level of benefit or utility for the individual. Most conventional economic theories are created and used under the assumption that all individuals taking part in an action/activity are behaving rationally.
To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.
Definitions for Rational Behaviour are sourced/syndicated and enhanced from:
This glossary post was last updated: 25th March, 2020 | 0 Views.