Schumpeter Lecture 2023: Rationality and Zero Risk

I Gilboaⓡ, S Minardiⓡ, F Wang - Journal of the European …, 2024 - academic.oup.com
We adopt a definition of “rationality” as robustness to analysis: A mode of behavior is rational
for a decision maker if she feels comfortable with it once it has been analyzed and explained …