To an economist, individuals act rationally if they strive to do their best to achieve their goals

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Rational behavior in economics refers to the notion that individuals make choices based on their preferences and available information, and they strive to maximize their expected utility or satisfaction from these choices. Thus, individuals act rationally if they make decisions that help them achieve their goals to the best of their abilities.

To an Economist, Individuals Act Rationally If They Strive to Do