For action to be rational, the beliefs on which it is based must themselves be well founded. In turn, this requirement is divided into two parts. On the one hand, the beliefs must be unbiased with respect to the information the agent possesses; on the other hand, he must gather an optimal amount of information. (Jon Elster)

For action to be rational, the beliefs on which it is based must themselves be well founded. In turn, this requirement is divided into two parts. On the one hand, the beliefs must be unbiased with respect to the information the agent possesses; on the other hand, he must gather an optimal amount of information.

Jon Elster

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action agent amount based gather hand information rational requirement respect turn well optimal parts

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