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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 original position (OP), often referred to as the veil of ignorance, is a thought experiment often associated with the works of American philosopher John Rawls. In the original position, one is asked to consider which principles they would select for the basic structure of society, but they must select as if they had no knowledge ahead of ...
Ignorance is a lack of knowledge or understanding.Deliberate ignorance is a culturally-induced phenomenon, the study of which is called agnotology.. The word "ignorant" is an adjective that describes a person in the state of being unaware, or even cognitive dissonance and other cognitive relation, and can describe individuals who are unaware of important information or facts.
The mythological Judgement of Paris required selecting from three incomparable alternatives (the goddesses shown).. Decision theory or the theory of rational choice is a branch of probability, economics, and analytic philosophy that uses the tools of expected utility and probability to model how individuals would behave rationally under uncertainty.
Rational ignorance, a concept in epistemology; Vincible ignorance, a moral or doctrinal matter in Catholic ethics; Ignorantia juris non excusat, literally "ignorance of the law is no excuse", the legal principle that the law applies also to those who are unaware of it; Avidyā (Hinduism), ignorance as a concept in Vedanta
The meaning of the terms "rational" and "irrational" in academic discourse often differs from how they are used in everyday language. Examples of behaviors considered irrational in ordinary discourse are giving into temptations , going out late even though one has to get up early in the morning, smoking despite being aware of the health risks ...
Knowledge is an awareness of facts, a familiarity with individuals and situations, or a practical skill.Knowledge of facts, also called propositional knowledge, is often characterized as true belief that is distinct from opinion or guesswork by virtue of justification.
Rational irrationality is not doublethink and does not state that the individual deliberately chooses to believe something he or she knows to be false. Rather, the theory is that when the costs of having erroneous beliefs are low, people relax their intellectual standards and allow themselves to be more easily influenced by fallacious reasoning, cognitive biases, and emotional appeals.