Sentences with phrase «rational economic actor»

By the time you are in the business of publishing newspapers you are capable of acting as a rational economic actor and deciding whether to pay regulator fees or take your chances with exemplary damages.

And yet for three decades, Americans, who have generally shown themselves to be rational economic actors, haven't been pursuing the profitable path of education in sufficient numbers.

Moreover, if tort liability compels fossil fuel producers to internalize the cost of climate injuries, these companies (as rational economic actors) would presumably incorporate those costs into the price of their products.

When the law is being turned against its original and still - admirable purpose, it may be time to reform the law, rather than rail against those taking advantage of the law in the manner of rational economic actors.

Thus, if all victims act together and uniformly reject to pay any money at all to ransomers, then all data ransoming will end, and the scourges of data ransoming will be permanently out of business, assuming data ransomers act like rational economic actors and stop their theft and ransoming if there is no way to make money from it.

Not exact matches

Keywords: Risk management, measuring uncertainty, failure of models that predict failure, complexity theory, standard out of equilibrium level, irrational expectations on economic rational actor model.

Category: English, North America, Transversal Studies, Your experiences, Your ideas · Tags: complexity theory, failure of models that predict failure, irrational expectations on economic rational actor model, measuring uncertainty, Risk management, standard out of equilibrium level

Behavioural insights recognize how people actually behave versus traditional economic and market theory of people as rational actors.

I have this conversation with many people taking a pure economic, «rational actor» point of view.

As described by conservative economist Friedrich von Hayek, it refers to «the observation that the data required for rational economic (decision - making) are distributed among many individual actors, and thus unavoidably exist outside the knowledge of a central authority.»