rational

Still, when uncertainty and belief play a role, Bayes' rule is widely recognized as a rational framework for decision-making.

“It’s a rational response, not just for government workers but for anybody facing instability, to look for short-term sources of income,” Koustas said.

He said committing to such outlay shortly before announcing major cuts was not "rational".

“We do expect it’s going to continue, and we expect the industry will remain rational and disciplined in its approach to pricing,” Daniele said on the earnings call.

“Which means they’re not the most economically rational ones to get into first.”