With individual being certainly the key and center, institutions become a self-maintenance system depending on the foundation of personal rationality.
制度以人为当然主体与中心,并依托于人的理性基石的奠定而成为一种自我维持系统。
Because of information asymmetry, the personal rationality of property company and agent in real estate sale mode will lead to moral risk, and will trap them into "Prisoners' Dilemma".
在房产商和房产代理人共同组成的房产销售模式中,由于信息不对称,委托代理双方利用个人理性决策会导致道德风险,并陷入囚徒困境。
Bounded Rationality is the idea that individual decision making is limited by personal information, cognitive limitations, and time constraints.
根据有限理性的观点,个人作出的决策会受到个人知识、认知局限和时间的制约。
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