A rational agent can be anything that makes decisions, typically a person, firm, machine, or software.

In this sense, it limited the role for the so-called rational (maximizing) agent.

Accordingly, people have an obligation to act upon principles which would be accepted as laws by a community of rational agents.

This differs greatly from expected utility theory, in which a rational agent is indifferent to the reference point.

There is a second condition required for a rational agent to be indifferent between equal forward and expected future spot rates.

The fact that governments could cheat like this will clearly be known to rational agents and might introduce some uncertainty about government policy.

In this game, defection is always the best course, implying that rational agents will never play.

But how do rational agents put themselves in a position of being able to anticipate changes in the money stock?

Accordingly, he believed that moral obligation applies only to rational agents.

One is the idea of the rational agent of modern epistemology.