Efficient Market Hypothesis (EMH) is founded on the theory of expected rationality but the theory of behavioural … guided way to behave rationally or guided rationality. Based on the empirical experiences and evidences of both market … systems, this paper discusses and compares the performances of the markets under the theoretical arguments of “rationality …

-capitalist sentiments among intellectuals. Taking Mises' explanation of the anti-capitalism of intellectuals as a point of reference, this … article looks at what Robert Nozick offers as an alternative explanation for why intellectuals oppose capitalism. The article …

In the field of philosophy of mind, the concepts of rational behavior, rational choice theory, and instrumental … rationality (the “practical reasoning” version of rationality) are important in trying to make statements and conclusions about … human thinking and behavior in general. Rational choice theory is also considered a normative but not a descriptive or …