Rational Decision-Making within the Bounds of Reason
Edited by Morris Altman
Chapter 15: Rationality, globalization, and X-efficiency among fi nancial institutions
15 Rationality, globalization, and X-efficiency among financial institutions Roger Frantz 1 INTRODUCTION Rationality – that is, rational decision making – and efficiency are considered to be good things. Rationality in orthodox theory means decisi...
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