The most irrational rational theories

Rational and Irrational Bubbles

The rational approach to the irrational.

American AssociaUon for the Advancemnt of Science Science serves its readers as a forum for the presentation and discussion of important issues related to the advancement of science, including the presentation of minority or conflicting points of view, rather than by publishing only material on which a consensus has been reached. Accordingly, all articles published in Science-including editoria...

The Rational and Irrational Minds of Others

When one surveys Professor Carbonell's many and varied research contributions, two more or less constant methodological trends seem to stand out. They are the preference for an integra-tive outlook and insistence on developing computational systems. The integrative outlook stresses the multiplicity of causes in behavior and contributing factors in reasoning. It is a rather difficult position to...

"Irrational" searchers and IR-rational researchers

In this article we look at the prescriptions advocated by Web search textbooks in the light of a selection of empirical data of real Web information search processes. We use the strategy of disjointed incrementalism, which is a theoretical foundation from decision making, to focus on how people face complex problems, and claim that such problem solving can be compared to the tasks searchers per...

Financial Fragility with Rational and Irrational Exuberance

This article formalizes investor rationality and irrationality, exuberance and apprehension, to consider the implications of belief formation for the fragility of an economy’s financial structure. The model presented generates a financial structure with portfolio linkages that make it susceptible to contagious financial crises, despite the absence of coordination failures. Investors forecast th...