Relating to the principle of maximizing individual benefit or utility.
A rational decision is one that gives you the best result.
Rationality in economics assumes individuals choose options that maximize their profit.
Frequently Asked Questions
The word "rationality" in English means: The quality of being based on clear thought and reason; not emotion., The state of having good judgment and the ability to think clearly., Conformity to principles of logic and coherence..
The phonetic transcription of "rationality" is /ˌræʃəˈnælɪti/ in British English and /ˌræʃəˈnæləti/ in American English. Click the 🔊 button to hear both pronunciations.
Synonyms for "rationality": logic, sanity, sense.
Example usage of "rationality": "His rationality helped him make good decisions.". More examples on the page.