Rational choice theoryRational choice theory refers to a set of guidelines that help understand economic and social behaviour. The theory originated in the eighteenth century and can be traced back to political economist and philosopher, Adam Smith. The theory postulates that an individual will perform a cost-benefit analysis to determine whether an option is right for them. It also suggests that an individual's self-driven rational actions will help better the overall economy. Rational choice theory looks at three concepts: rational actors, self interest and the invisible hand.
FractionA fraction (from fractus, "broken") represents a part of a whole or, more generally, any number of equal parts. When spoken in everyday English, a fraction describes how many parts of a certain size there are, for example, one-half, eight-fifths, three-quarters. A common, vulgar, or simple fraction (examples: and ) consists of an integer numerator, displayed above a line (or before a slash like ), and a non-zero integer denominator, displayed below (or after) that line.
Time constantIn physics and engineering, the time constant, usually denoted by the Greek letter τ (tau), is the parameter characterizing the response to a step input of a first-order, linear time-invariant (LTI) system. The time constant is the main characteristic unit of a first-order LTI system. In the time domain, the usual choice to explore the time response is through the step response to a step input, or the impulse response to a Dirac delta function input.
Conditional expectationIn probability theory, the conditional expectation, conditional expected value, or conditional mean of a random variable is its expected value – the value it would take "on average" over an arbitrarily large number of occurrences – given that a certain set of "conditions" is known to occur. If the random variable can take on only a finite number of values, the "conditions" are that the variable can only take on a subset of those values.
Dyadic rationalIn mathematics, a dyadic rational or binary rational is a number that can be expressed as a fraction whose denominator is a power of two. For example, 1/2, 3/2, and 3/8 are dyadic rationals, but 1/3 is not. These numbers are important in computer science because they are the only ones with finite binary representations. Dyadic rationals also have applications in weights and measures, musical time signatures, and early mathematics education. They can accurately approximate any real number.
Dark energyIn physical cosmology and astronomy, dark energy is an unknown form of energy that affects the universe on the largest scales. The first observational evidence for its existence came from measurements of supernovas, which showed that the universe does not expand at a constant rate; rather, the universe's expansion is accelerating. Understanding the universe's evolution requires knowledge of its starting conditions and composition. Before these observations, scientists thought that all forms of matter and energy in the universe would only cause the expansion to slow down over time.
Rational egoismRational egoism (also called rational selfishness) is the principle that an action is rational if and only if it maximizes one's self-interest. As such, it is considered a normative form of egoism, though historically has been associated with both positive and normative forms. In its strong form, rational egoism holds that to not pursue one's own interest is unequivocally irrational. Its weaker form, however, holds that while it is rational to pursue self-interest, failing to pursue self-interest is not always irrational.
Hand axeA hand axe (or handaxe or Acheulean hand axe) is a prehistoric stone tool with two faces that is the longest-used tool in human history. It is made from stone, usually flint or chert that has been "reduced" and shaped from a larger piece by knapping, or hitting against another stone. They are characteristic of the lower Acheulean and middle Palaeolithic (Mousterian) periods, roughly 1.6 million years ago to about 100,000 years ago, and used by Homo erectus and other early humans, but rarely by Homo sapiens.
Cascade RangeThe Cascade Range or Cascades is a major mountain range of western North America, extending from southern British Columbia through Washington and Oregon to Northern California. It includes both non-volcanic mountains, such as many of those in the North Cascades, and the notable volcanoes known as the High Cascades. The small part of the range in British Columbia is referred to as the Canadian Cascades or, locally, as the Cascade Mountains. The highest peak in the range is Mount Rainier in Washington at .
Cascade VolcanoesThe Cascade Volcanoes (also known as the Cascade Volcanic Arc or the Cascade Arc) are a number of volcanoes in a volcanic arc in western North America, extending from southwestern British Columbia through Washington and Oregon to Northern California, a distance of well over . The arc formed due to subduction along the Cascadia subduction zone. Although taking its name from the Cascade Range, this term is a geologic grouping rather than a geographic one, and the Cascade Volcanoes extend north into the Coast Mountains, past the Fraser River which is the northward limit of the Cascade Range proper.
Acoustic resonanceAcoustic resonance is a phenomenon in which an acoustic system amplifies sound waves whose frequency matches one of its own natural frequencies of vibration (its resonance frequencies). The term "acoustic resonance" is sometimes used to narrow mechanical resonance to the frequency range of human hearing, but since acoustics is defined in general terms concerning vibrational waves in matter, acoustic resonance can occur at frequencies outside the range of human hearing.
Fermi's interactionIn particle physics, Fermi's interaction (also the Fermi theory of beta decay or the Fermi four-fermion interaction) is an explanation of the beta decay, proposed by Enrico Fermi in 1933. The theory posits four fermions directly interacting with one another (at one vertex of the associated Feynman diagram). This interaction explains beta decay of a neutron by direct coupling of a neutron with an electron, a neutrino (later determined to be an antineutrino) and a proton.
