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The Rationality Assumption Implies That Solutions Need Not Be in Whole

question 74

True/False

The rationality assumption implies that solutions need not be in whole numbers (integers).


Definitions:

Confidence

The feeling or belief that one can rely on someone or something; firm trust.

Functional Fixedness

A cognitive bias that limits a person's ability to use an object only in the way it is traditionally used.

Confirmation Bias

The habit of looking for, interpreting, prioritizing, and recalling data in a way that reinforces one's already held convictions or assumptions.

Gamble

The act of risking something of value on the outcome of an event in the hope of gaining something of greater value.

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