The Normative Theory of Individual Choice
Author: Robert Nozick
Publisher: Dissertations-G
Published: 1990
Total Pages: 368
ISBN-13:
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Author: Robert Nozick
Publisher: Dissertations-G
Published: 1990
Total Pages: 368
ISBN-13:
DOWNLOAD EBOOKAuthor: Anatol Rapoport
Publisher: Springer Science & Business Media
Published: 2013-03-14
Total Pages: 439
ISBN-13: 9401578400
DOWNLOAD EBOOKThis book presents the content of a year's course in decision processes for third and fourth year students given at the University of Toronto. A principal theme of the book is the relationship between normative and descriptive decision theory. The distinction between the two approaches is not clear to everyone, yet it is of great importance. Normative decision theory addresses itself to the question of how people ought to make decisions in various types of situations, if they wish to be regarded (or to regard themselves) as 'rational'. Descriptive decision theory purports to describe how people actually make decisions in a variety of situations. Normative decision theory is much more formalized than descriptive theory. Especially in its advanced branches, normative theory makes use of mathematicallanguage, mode of discourse, and concepts. For this reason, the definitions of terms encountered in normative decision theory are precise, and its deductions are rigorous. Like the terms and assertions of other branches of mathematics, those of mathematically formalized decision theory need not refer to anything in the 'real', i. e. the observable, world. The terms and assertions can be interpreted in the context of models of real li fe situations, but the verisimilitude of the models is not important. They are meant to capture only the essentials of adecision situation, which in reallife may be obscured by complex details and ambiguities. It is these details and ambiguities, however, that may be crucial in determining the outcomes of the decisions.
Author: R. Duncan Luce
Publisher: Courier Corporation
Published: 2012-06-22
Total Pages: 172
ISBN-13: 0486153398
DOWNLOAD EBOOKThis treatise presents a mathematical analysis of choice behavior. Starting with a general axiom, it then examines applications of the theory to substantive problems: psychophysics, utility, and learning. 1959 edition.
Author: Stefan Grundmann
Publisher: Oxford University Press
Published: 2021-01-14
Total Pages: 320
ISBN-13: 0192608266
DOWNLOAD EBOOKChoice is a key concept of our time. It is a foundational mechanism for every legal order in societies that are, politically, constituted as democracies and, economically, built on the market mechanism. Thus, choice can be understood as an atomic structure that grounds core societal processes. In recent years, however, the debate over the right way to theorize choice - for example, as a rational or a behavioral type of decision making - has intensified. This collection provides an in-depth discussion of the promises and perils of specific types of theories of choice. It shows how the selection of a specific theory of choice can make a difference for concrete legal questions, in particular in the regulation of the digital economy or in choosing between market, firm, or network. In its first part, the volume provides an accessible overview of the current debates about rational versus behavioral approaches to theories of choice. The remainder of the book structures the vast landscape of theories of choice along with three main types: individual, collective, and organizational decision making. As theories of choice proliferate and become ever more sophisticated, however, the process of choosing an adequate theory of choice becomes increasingly intricate. This volume addresses this selection problem for the various legal arenas in which individual, organizational, and collective decisions matter. By drawing on economic, technological, political, and legal points of view, the volume shows which theories of choice are at the disposal of the legally relevant decision-maker, and how they can be operationalized for the solution of concrete legal problems. The editors acknowledge the kind support of the Fritz Thyssen Foundation for an exploratory conference on the subject of the book.
Author: Kenneth J. Arrow
Publisher: Yale University Press
Published: 2012-06-26
Total Pages: 347
ISBN-13: 0300186983
DOWNLOAD EBOOKOriginally published in 1951, "Social Choice and Individual Values" introduced "Arrow's Impossibility Theorem" and founded the field of social choice theory in economics and political science. This new edition, including a new foreword by Nobel laureate Eric Maskin, reintroduces Arrow's seminal book to a new generation of students and researchers."Far beyond a classic, this small book unleashed the ongoing explosion of interest in social choice and voting theory. A half-century later, the book remains full of profound insight: its central message, 'Arrow's Theorem, ' has changed the way we think."--Donald G. Saari, author of "Decisions and Elections: Explaining the Unexpected "
Author: Allan Gibbard
Publisher: OUP Oxford
Published: 1992
Total Pages: 362
ISBN-13: 0198249845
DOWNLOAD EBOOKThis treatise explores what is at issue in narrowly moral questions, and in questions of rational thought and conduct in general. It helps to explain why normative thought and talk so pervade human life, and why our highly social species might have evolved to be gripped by these questions. The author asks how, if his theory is right, we can interpret our normative puzzles, and thus proceed toward finding answers to them.
Author: Kotaro Suzumura
Publisher: Harvard University Press
Published: 2016-06-06
Total Pages: 806
ISBN-13: 0674727444
DOWNLOAD EBOOKKotaro Suzumura is one of the world’s foremost thinkers in social choice theory and welfare economics. Bringing together essays that have become classics in the field, Choice, Preferences, and Procedures examines foundational issues of normative economics and collective decision making. Social choice theory seeks to critically assess and rationally design economic mechanisms for improving human life. An important part of Suzumura’s contribution over the past forty years has entailed fusion of abstract microeconomic ideas with an understanding of real-world economies in a coherent analysis. This volume of selected essays reveals the evolution of Suzumura’s thinking over his career. Groundbreaking papers explore the nature of individual and social choice and the idea of assigning value to freedom of choice, different forms of rationality, and concepts of individual rights, equity, and fairness. Suzumura elucidates his innovative approach for recognizing interpersonal comparisons in the vein of Adam Smith’s notion of sympathy and expounds the effect of paying due attention to nonconsequential features, such as the opportunity to choose and the procedure for decision making, along with the standard consequential features. Analyzing the role of economic competition, Suzumura points out how restricting competition may, in some circumstances, improve social welfare. This is not to recommend government regulation rather than market competition but to emphasize the importance of procedural features in a competitive context. He concludes with illuminating essays on the history of economic thought, focusing on the ideas of Vilfredo Pareto, Arthur Pigou, John Hicks, and Paul Samuelson.
Author: K. Borch
Publisher: Springer
Published: 1968-01-15
Total Pages: 461
ISBN-13: 134915248X
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Publisher: BRILL
Published: 2018-02-08
Total Pages: 374
ISBN-13: 9004359478
DOWNLOAD EBOOKRationality and Decision Making: From Normative Rules to Heuristics offers a broad overview of both classic and very recent discussions concerning rationality and strategies of individual and group decision making. They are considered from a methodological, ethical, sociological, historical, cultural as well as an evolutionary perspective. Decision making, both rational and irrational, is treated in its complexity as an algorithmic, heuristic and intuitive process. The volume analyzes the theoretical and practical aspects of decision making in individual intentional endeavors and group or institutionalized undertakings. The analyses are mostly theoretical but they also appeal to empirical studies, proposed by philosophers and cognitive scientists who have studied logical, cognitive, biological, social and evolutionary aspects of human rationality. Contributors include María José Frápolli, Marek Hetmański, Jan F. Jacko, Artur Koterski, Agnieszka Lekka-Kowalik, Sofia Miguens, Ángeles J. Perona, Manueal de Pinedo, João Alberto Pinto, Krzysztof Polit, Marcin Rządeczka, Rui Sampaio da Silva, Joanna Sokołowska, Barbara Trybulec, Marcin Trybulec, Neftalí Villanueva, Monika Walczak, Jan Winkowski, Anna Wójtowicz, Jesús Zamora-Bonilla, and António Zilhão.
Author: David E. Bell
Publisher: Cambridge University Press
Published: 1988-10-28
Total Pages: 640
ISBN-13: 9780521368513
DOWNLOAD EBOOKA compilation of different approaches--normative, descriptive,and prescriptive--develops this integrated analysis of decision-making that emphasizes the contributions of various disciplinary interests.