Rational expectations

of the friendship is explored on its own and through the ideas in the works of Aristotle’s Nicomachean Ethics and Cicero’s On Friendship (De Amitcitia). Through the history of philosophy, it was specified that morality was what rational. The human was seen as a rational and social creature that…

In this model people choose to trust when it is rational to do so, and as such rational choices are made through conscious calculation of advantages based on explicit and internally consistent value system, while the relational model examines the social aspect, conceptualising that not only as a calculation orientation…

setting the betting odds themselves decisions of bettors can be influenced in favour of their own gain. This business model encourages betting agencies to research biases in investor behaviour, because, argued by many papers, investors are not always rational in their investment choices. In the literature on sports betting markets, the Favourite-Longshot Bias (FLB) is one of the biases that has been investigated a lot in previous studies. In simple words, this is the term for the financial…

In order to apply rational emotive behavioral therapy in the classroom, it is imperative to understand the irrational beliefs about the self that children face today. A study conducted by Flett, Hewitt and Cheng (2008) analyzed the connections between the societal held impressions of perfectionism on adolescents and the irrational beliefs and self-concepts that ensue. For this particular experiment, a total of 142 females and 108 males between the ages of 15 to 18 years participated with the…

the morality of this rule, by whether all rational beings looking at the matter objectivity and impartially could accepts the rule regardless of whether the action in question was performed by them or done to them. It is common knowledge not to steal or as Merriam-Webster had described hacking the information privately owned by…

everything in this world can be categorized. Living beings include plants and animal. The plant has nutritive soul and the animal process both nutritive soul and perceptive soul. If we discuss animal further, we can divide animal into rational animal, which is human, and non-rational animal. The essential feature of “being an animal” is perception. From the Aristotle Introductory Reading: “413b2: What makes something an animal is primarily perception.” Perception is the ability to see,…

Bentham was an English philosopher who as a believer of utilitarianism felt that people had the right to happiness and thus on the basis of this he believed that punishment should be in proportionate to the crime committed. According to him, people are rational creatures who will seek pleasure in order to avoid pain thus the punishment given to such people should be such which would outweigh the pleasure gained by them in committing the crime. He further states that the law makers should not…

and unadventurous lifestyle, but his creative mind takes over when he feels emotion and the need for self-expression. Walter Mitty is depicted by his colleagues as unimportant, but his imagination begins to run free and their perception of him as a rational human is altered. Todd Maher, Walter’s coworker, announces to Mitty, “I pictured you as this little gray piece of paper, but now I see you and it 's like Indiana Jones decided to become the lead singer of The Strokes or something.”…

that the action of duty has moral worth and if we were to avoid the doubt and have the lack of belief of our ethics, it must be rational based, unconditional. The good will in the act of duty is “good with-in itself”. Kant describes ethics as action as any sort…

Thoughts on Rational Strategy and Dynamic Strategy in Human Resource Management. This week’s lectures dealt with organizational strategies and structures, changes and drivers within the organization, and innovation. I find organizational strategy--specifically the difference between rational strategy and dynamic strategy--most interesting to follow, as it highlighted different work experiences I had before. Rational strategy is about using logic to determine what to do, after taking the…