The variables are nearly infinite and therefore, relying on predictions is not a rational decision-making method.
"It was a decision taken in perfectly good faith and it was a perfectly rational decision, " he said.
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To Mr Chirac's fury, Mr Blair led the way in attacking the damage already done, saying that it made rational decision-making in the Council of Ministers impossible.
Most financial planners agree that it is essential to acknowledge these emotions but strive to make a rational decision based on your short and long-term financial plans.
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Especially since ALCL seems to be a treatable condition, taking this tiny gamble may be a rational decision (for someone who is entertaining to possibility of getting implants).
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Perhaps economics graduates, as rational decision-makers, are crowding into financial journalism, where they only have to leave the bar long enough to peck out 1, 000 words a week.
If you think all, or even most, of your actions are based on reasoned, rational decision-making, read one or two of these books to get over that inaccurate notion.
Mr Stein said his client would have to demonstrate to a judge that she is able to fully understand all aspects of her situation and arrive at a rational decision.
Lord Stirrup, who was head of the armed forces when the 2010 decision was made, said the government had made a "perfectly rational decision" to backtrack after discovering the "true nature of the costs and the risks that are involved".
There was no rational decision-making involved.
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But who is to claim an impersonal panel of scientists can do a more rational job of decision making than the patient, the family, and the family physician?
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Buyers already have cameras that can scan bar codes and provide both the quantity and quality of information that result in rational pricing and informed decision-making.
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But council lawyers said the decision was "rational, made with great care and was based on a full appreciation of the obligation to act within the law" and the judge ruled in the authority's favour.
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It is well documented in the marketing literature that people take advantage of rational ignorance by increasing the complexity of a decision.
That was at once a perfectly rational reading of British domestic politics, and a decision that pushed Germany into the arms of the French.
These kinds of explanations come very naturally to most economists, whose models are usually built on the assumption that economic decision-makers are responding in a rational way to the incentives they face.
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