To an economist, individuals are acting "rationally" if they are striving to do their best to achieve their goals.

Question

Quizplus · Accepted Answer

Rational behavior in economics is defined as individuals making choices that maximize their utility or satisfaction while also taking into account the constraints they face. Therefore, individuals are considered to be acting rationally if they are doing their best to achieve their goals within the limits of their available resources.

To an Economist, Individuals Are Acting "Rationally" If They Are