“Rationality” is a term that comes up often during investment conversations, and yet it has not been definitively … defined. For example, economists and investors each use and define the term rationality differently. The objective of this … note is to profile three general definitions of the term “rationality,” and then to demonstrate how one of these …

. Using a data for five international capital markets in developed countries we find that the hypothesis of rationality losses …

This study unambiguously demonstrates that, absent independent establishment of boundary rationality conditions for …