the assumption that an individual will compare all possible combinations of goods and their prices when making purchases
rationality in American English
(ˌræʃəˈnæləti)
noun
1.
the quality or condition of being rational; reasonableness or the possession or useof reason
2. Word forms: pluralˌrationˈalities
a rational act, belief, etc.
Word origin
LL(Ec) rationalitas
Examples of 'rationality' in a sentence
rationality
People possessed of common sense have always known that human rationality is, at best, a fleeting phenomenon.
Times, Sunday Times (2016)
The eurozone is paying a heavy price for these failures of a scheme driven more by politics than by economic rationality.
Times, Sunday Times (2013)
It is a craft without feelings, based on rationality and hard logic.
Andy Dougan THE HUNTING OF MAN (2004)
It's my way of striking a blow for logic and rationality.
Times, Sunday Times (2008)
I value logic and rationality in my preaching.
Christianity Today (2000)
I consider two influential ways in which the rationality of actors' deliberations has been brought into question.
Hindess, Barry Choice, Rationality, and Social Theory (1988)
We saw in chapter 3 that critics have advanced powerful arguments for a more complex view of actors' rationality.
Hindess, Barry Choice, Rationality, and Social Theory (1988)
A more encompassing concept of rationality can uncover human and social potential for handling conflicts and disputes rationally, which have been lost or suppressed.
de Haan, Willem The Politics of Redress - crime, punishment and penal abolition (1989)