Tag: decisions
Absolute Rate
What is 'Absolute Rate' The fixed portion of an interest-rate swap, expressed as a percentage rather than as a premium or a...
Rational Expectations Theory
DefinitionIn economics, "rational expectations" are model-consistent expectations, in that agents inside the model are assumed to "know the model" and on average take the...
Rational Behavior
What is 'Rational Behavior' A rational behavior decision-making process is based on making choices that result in the most optimal level of...
Rational Choice Theory
DefinitionRational choice theory, also known as choice theory or rational action theory, is a framework for understanding and often formally modeling social and economic...
Rationing
What is rationing and why was it used during World War II
Rationing is a system of limiting the availability of goods or services to...
Satisficing
DefinitionSatisficing is a decision-making strategy or cognitive heuristic that entails searching through the available alternatives until an acceptability threshold is met. The term satisficing,...
Sandwich Lease
What is 'Sandwich Lease' A lease in which a party rents property from the property owner and then subsequently leases it out...
Macroeconomic Factor
What is a Macroeconomic Factor
A macroeconomic factor is a broad concept used in economics to describe anything that could affect the economy as a...