Rationality Rationality is a mental state characterized by coherent thought processes that are goal oriented, and are based on a cost-benefit evaluation.
Irrationality factor Irrationality factor is the paradox of supremely rational organizations—that is, bureaucracies— acting in ways that are very irrational in terms of the well-being of the
Formal rationality Formal rationality is the use of zweckrational—goal-oriented rational behaviour—to achieve a goal without thought to wider social values,
Bounded rationality Bounded rationality is a decision making that’s rational but limited (bounded) by an individual’s ability to process information.