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This adjective is applied to addiction in a 1988 model by Kevin Murphy and Gary Becker. A behavior described by this adjective is subject to "satisficing" based on practical and cognitive limits, according to Herbert Simon. Robert Lucas described agents whose "expectations" are described by this term, and assumptions like perfect information are used in a standard economic model considering this kind of "choice." This term also describes the "iron cage" theorized by Max Weber. For 10 points, give this adjective denoting beliefs based on fact or reason, which also describes numbers that can be expressed as a over b and are denoted with an uppercase "Q."
This adjective is applied to addiction in a 1988 model by Kevin Murphy and Gary Becker.
rational [accept word forms]