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Rational

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Definition: Rational is an adjective. Has several definitions:

(1) characterizing behavior that purposefully chooses means to achieve ends

(2) characterizing preferences which are complete and transitive, and therefore can be represented by a utility function (e.g. Mas-Coleil).

(3) characterizing a thought process based on reason; sane; logical. Can be used in regard to behavior. (e.g. American Heritage Dictionary, p 1028)

(Econterms)

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