Rational Preference: Outcomes & Value
[ Rational Choice Theory]
An economic principle that assumes that individuals always make prudent and logical decisions that provide them with the greatest benefit or satisfaction and that are in their highest self-interest.
Minimum Input but Maximize Utility and Maximize Profit [ Game Theory]
Sufficient and Relevant Information vs Information Asymmetry
Partial Information, Wrong Information, Misinformation
Knowledge Access, Knowledge Validation, Knowledge Valuation