Purchase Solution

the principle of rationality

Not what you're looking for?

Ask Custom Question

In 1995, a former Brigham Young University football
star, Eli Herring, turned down a three-year, $500,000-peryear
offer to play professional football with the Oakland
Raiders. Herring instead chose to pursue a career as a high
school math teacher, earning $22,000 per year. Herring did
so because he is a devout Mormon who believes that the
Sabbath should be observed. Accepting the Raiders' offer,
which involved playing games on Sunday, would have violated
his belief that the Bible prohibits working on a day that
should be devoted to going to church and spending time
with family. From an economic perspective, did Herring
make a rational choice by not signing with the Raiders? Explain.

Purchase this Solution
Solution Summary

This solution helps go through the principle of rationality within the context of microeconomics.

Solution Preview

In economics we would say that rational agents maximize their utility. But, utility isn't all about ...

Purchase this Solution
Free BrainMass Quizzes
Pricing Strategies

Discussion about various pricing techniques of profit-seeking firms.

Basics of Economics

Quiz will help you to review some basics of microeconomics and macroeconomics which are often not understood.

Economics, Basic Concepts, Demand-Supply-Equilibrium

The quiz tests the basic concepts of demand, supply, and equilibrium in a free market.

Economic Issues and Concepts

This quiz provides a review of the basic microeconomic concepts. Students can test their understanding of major economic issues.

Elementary Microeconomics

This quiz reviews the basic concept of supply and demand analysis.

View More Free Quizzes
Related BrainMass Solutions

  • First Principle & Interests/Passions Rationality

    Thus, if the first principle of rationality refers to choosing what is morality right, the principle of interests and passions refers to a schema of rationality that takes into account actions whereby an individual chooses his emotions, his self-interests

  • rationality and the difference between humans and animals

    What the human being does not share with other animals is the soul. The soul, which is the form of the body, has a rational principle. The good man is therefore one who acts according to this rational principle, in accordance with virtue.

  • Principles of Economics

    Another principle that was observed was the Economic Principle or the application of rationality to situations of scarcity. Developing countries wanted to minimize the cost with regards to farmers in their countries.

  • Natural Ethical Theories

    Thomas Aquinas, who attempted to Christianize Aristotle's body of work, agrees with this analysis: "the rule and measure of human acts is the reason, which is the first principle of human acts" (Aquinas, ST I-II, Q.90, A.I).

  • Downward Spiral of Constitutions from Plato's 'The Republic'

    The unity of a regime is not external, but internal: It is given in the qualitative principle that legitimizes its rule. The cycle of constitutions is one of steady decay from a higher to lower from of rule.

  • the basis of Kant's moral theory

    Lastly, it may be right to claim that "Rationality leads to unqualifiably good" in Kantian sense, for Kant ties his categorical imperative with rationality as the moral requirement for the attainment of the good will.

  • Kant's second argument for the Categorical Imperative

    Therefore, categorical imperatives cannot function on the same principle of MEANS / END rationality as hypothetical imperatives. 4. Categorical imperatives apply to us in virtue of the fact that we have REASON.

  • Technical Rationality

    What are the evidences of technical rationality and how does it relate to human services?

  • Ethics Theories and Business Decisions

    B) Examine the importance of rationality in the decision rationality making process as viewed by Kant.

View More Related Solutions