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As the study of argument is of clear importance to the reasons that we hold things to be true, logic is of essential importance to rationality. Arguments may be logical if they are "conducted or assessed according to strict principles of validity", [1] while they are rational according to the broader requirement that they are based on reason and knowledge.
(1) instrumentally rational (zweckrational), that is, determined by expectations as to the behavior of objects in the environment and of other human beings; these expectations are used as "conditions" or "means" for the attainment of the actor's own rationally pursued and calculated ends; (2) value-rational (wertrational), that is, determined ...
Gerd Gigerenzer has criticized the framing of cognitive biases as errors in judgment, and favors interpreting them as arising from rational deviations from logical thought. [ 6 ] Explanations include information-processing rules (i.e., mental shortcuts), called heuristics , that the brain uses to produce decisions or judgments.
The difference between the two is that actions are intentional behavior, i.e. they are performed for a purpose and guided by it. In this regard, intentional behavior like driving a car is either rational or irrational while non-intentional behavior like sneezing is outside the domain of rationality.
One of the key differences is that REITs are traded like an exchange-traded fund or stock, while a real estate fund is a mutual fund that invests in securities offered by public real estate ...
The difference between an apparent and a real good [means or end], between an unreflectively and a reflectively valued good, is captured by its value [valuation of goodness] not just as immediately experienced in isolation, but in view of its wider consequences and how they are valued.…
The line between investing and speculating can be fine. In fact, many speculators jump into investments and run up their prices. So it’s not only a question of the type of asset but also your ...
On the other hand, investing involves buying assets like stocks, bonds or mutual funds that can potentially earn higher returns that have historically ranged from 7% to 10% annually. However ...