Rationality and Process
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There is a philosophical (or perhaps defin … There is a philosophical (or perhaps definitional) problem with the analysis so engagingly presented by Basu. Definition: The rational choice is the one that (for defensible reasons) gains the most payoff. Thus, buying a lottery ticket on a hunch is not rational even if you win...a hunch is not rational even if you win... +
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May 25, 2007 +