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On the Power of a Clear Definition of Rationality

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  • Bazerman, Max H.
  • Messick, David M.

Abstract

In this paper, we argue that the use of the term “rationality” in Judgment in Managerial Decision Making (JMDM) is extremely useful, and creates a useful dialogue between philosophical and psychological perspectives of ethics and morality. We conclude that while behavioral decision research can gain important insights by more fully including philosophical discussions of rationality, both intellectual communities should be clear in their definitions, provide falsifiable predictions, and offer insights that can be tested empirically. We believe that these are important contributions of behavioral decision research not currently incorporated in philosophical critiques.

Suggested Citation

  • Bazerman, Max H. & Messick, David M., 1998. "On the Power of a Clear Definition of Rationality," Business Ethics Quarterly, Cambridge University Press, vol. 8(3), pages 477-480, July.
    • Handle: RePEc:cup:buetqu:v:8:y:1998:i:03:p:477-480_00
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    Cited by:

    1. Sandar Win, 2018. "What are the possible future research directions for bank’s credit risk assessment research? A systematic review of literature," International Economics and Economic Policy, Springer, vol. 15(4), pages 743-759, October.
    2. Alan Singer, 2010. "Integrating Ethics and Strategy: A Pragmatic Approach," Journal of Business Ethics, Springer, vol. 92(4), pages 479-491, April.

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