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Marketers can take advantage of rational ignorance by increasing the complexity of a decision. If the difference in value between a quality product and a poor product is less than the cost to perform the research necessary to differentiate between them, then it is more rational for a consumer to just take his chances on whichever of the two is more convenient and available.
The philosophy of rationalism, understood as having first emerged in the writings of Francis Bacon and René Descartes, has received a variety of criticisms since its inception. [2] These may entail a view that certain things are beyond rational understanding, that total rationality is insufficient or even harmful to human life, or that people ...
Rational ignorance does not predict any systemic biases in voter beliefs. Rather, it is consistent with voters having beliefs that are wrong in random ways with no overall direction of bias. Rational irrationality, on the other hand, predicts that systemic biases are apt to occur in areas where the policies that feel good are systemically ...
Rationalism has a philosophical history dating from antiquity.The analytical nature of much of philosophical enquiry, the awareness of apparently a priori domains of knowledge such as mathematics, combined with the emphasis of obtaining knowledge through the use of rational faculties (commonly rejecting, for example, direct revelation) have made rationalist themes very prevalent in the history ...
A common idea of many theories of rationality is that it can be defined in terms of reasons. On this view, to be rational means to respond correctly to reasons. [2] [1] [15] For example, the fact that a food is healthy is a reason to eat it. So this reason makes it rational for the agent to eat the food. [15]
Reason is the capacity of consciously applying logic by drawing valid conclusions from new or existing information, with the aim of seeking the truth. [1] It is associated with such characteristically human activities as philosophy, religion, science, language, mathematics, and art, and is normally considered to be a distinguishing ability possessed by humans.
Philosophy ('love of wisdom' in Ancient Greek) is a systematic study of general and fundamental questions concerning topics like existence, reason, knowledge, value, mind, and language. It is a rational and critical inquiry that reflects on its methods and assumptions.
Logic and rationality have each been taken as fundamental concepts in philosophy. They are not the same thing. They are not the same thing. Philosophical rationalism in its most extreme form is the doctrine that knowledge can ultimately be founded on pure reason, while logicism is the doctrine that mathematical concepts, among others, are ...