On the Power of a Clear Definition of Rationality

Max H. Bazerman and David M. Messick

Business Ethics Quarterly, 1998, vol. 8, issue 3, 477-480

Abstract: In this paper, we argue that the use of the term “rationality” in Judgment in Managerial Decision Making (JMDM) is extremely useful, and creates a useful dialogue between philosophical and psychological perspectives of ethics and morality. We conclude that while behavioral decision research can gain important insights by more fully including philosophical discussions of rationality, both intellectual communities should be clear in their definitions, provide falsifiable predictions, and offer insights that can be tested empirically. We believe that these are important contributions of behavioral decision research not currently incorporated in philosophical critiques.

Date: 1998
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