The Limits of Rationality
The Limits of Rationality

Author: Karen Schweers Cook

Publisher: University of Chicago Press

Published: 2008-10-03

Total Pages: 436

ISBN-13: 0226742415

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Prevailing economic theory presumes that agents act rationally when they make decisions, striving to maximize the efficient use of their resources. Psychology has repeatedly challenged the rational choice paradigm with persuasive evidence that people do not always make the optimal choice. Yet the paradigm has proven so successful a predictor that its use continues to flourish, fueled by debate across the social sciences over why it works so well. Intended to introduce novices to rational choice theory, this accessible, interdisciplinary book collects writings by leading researchers. The Limits of Rationality illuminates the rational choice paradigm of social and political behavior itself, identifies its limitations, clarifies the nature of current controversies, and offers suggestions for improving current models. In the first section of the book, contributors consider the theoretical foundations of rational choice. Models of rational choice play an important role in providing a standard of human action and the bases for constitutional design, but do they also succeed as explanatory models of behavior? Do empirical failures of these explanatory models constitute a telling condemnation of rational choice theory or do they open new avenues of investigation and theorizing? Emphasizing analyses of norms and institutions, the second and third sections of the book investigate areas in which rational choice theory might be extended in order to provide better models. The contributors evaluate the adequacy of analyses based on neoclassical economics, the potential contributions of game theory and cognitive science, and the consequences for the basic framework when unequal bargaining power and hierarchy are introduced.

Minimal Rationality
Minimal Rationality

Author: Christopher Cherniak

Publisher: MIT Press

Published: 1990-03-14

Total Pages: 180

ISBN-13: 9780262530873

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In Minimal Rationality, Christopher Cherniak boldly challenges the myth of Man the the Rational Animal and the central role that the "perfectly rational agent" has had in philosophy, psychology, and other cognitive sciences, as well as in economics. His book presents a more realistic theory based on the limits to rationality which can play a similar generative role in the human sciences, and it seeks to determine the minimal rationality an actual agent must possess.

Rationality in Politics and its Limits
Rationality in Politics and its Limits

Author: Terry Nardin

Publisher: Routledge

Published: 2017-10-02

Total Pages: 307

ISBN-13: 1317376412

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The word ‘rationality’ and its cognates, like ‘reason’, have multiple contexts and connotations. Rational calculation can be contrasted with rational interpretation. There is the rationality of proof and of persuasion, of tradition and of the criticism of tradition. Rationalism (and rationalists) can be reasonable or unreasonable. Reason is sometimes distinguished from revelation, superstition, convention, prejudice, emotion, and chance, but all of these also involve reasoning. In politics, three views of rationality – economic, moral, and historical – have been especially important, often defining approaches to politics and political theory such as utilitarianism and rational choice theory. These approaches privilege positive or natural law, responsibilities, or human rights, and emphasize the importance of culture and tradition, and therefore meaning and context. This book explores the understanding of rationality in politics and the relations between different approaches to rationality. Among the topics considered are the limits of rationality, the role of imagination and emotion in politics, the meaning of political realism, the nature of political judgment, and the relationship between theory and practice. This book was originally published as a special issue of Global Discourse.

Between Magic and Rationality
Between Magic and Rationality

Author: Vibeke Steffen

Publisher: Museum Tusculanum Press

Published: 2015-04-21

Total Pages: 382

ISBN-13: 8763542137

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In Between Magic and Reality, Vibeke Steffen, Steffen Jöhncke, and Kirsten Marie Raahauge bring together a diverse range of ethnographies that examine and explore the forms of reflection, action, and interaction that govern the ways different contemporary societies create and challenge the limits of reason. The essays here visit an impressive array of settings, including international scientific laboratories, British spiritualist meetings, Chinese villages, Danish rehabilitation centers, and Uzbeki homes, where they encounter a diverse assortment of people whose beliefs and concerns exhibit an unusual but central contemporary dichotomy: scientific reason versus spiritual/paranormal belief. Exploring the paradoxical way these modes of thought push against reason's boundaries, they offer a deep look at the complex ways they coexist, contest one another, and are ultimately intertwined. Vibeke Steffen is associate professor in the Department of Anthropology at the University of Copenhagen, where Steffen Jöncke is senior advisor. Kirsten Marie Raahauge is associate professor in the School of Design at the Royal Danish Academy of Fine Arts in Copenhagen.

Normal Rationality
Normal Rationality

Author: Edna Ullmann-Margalit

Publisher: Oxford University Press

Published: 2017

Total Pages: 310

ISBN-13: 0198802439

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Normal Rationality is a selection of the most important work of Edna Ullmann-Margalit, presenting some influential and widely admired essays alongside some that are not well known. She was an unorthodox and deeply original philosopher whose work illuminated the largest mysteries of human life. Much of her writing focuses on two fundamental questions. (1) How do people proceed when they cannot act on the basis of reasons, or project likely consequences? (2) How is social order possible? Ullmann-Margalit's answers, emphasizing what might be called biased rationality, are important not only for philosophy, but also for political science, psychology, sociology, cognitive science, economics (including behavioral economics), law, and even public policy. Ullmann-Margalit demonstrates that people have identifiable strategies for making difficult decisions, whether the question is small (what to buy at a supermarket) or big (whether to transform one's life in some large-scale way). She also shows that social dilemmas are solved by norms; that invisible-hand explanations take two identifiable (and dramatically different) forms; that trust can emerge in seemingly unpromising situations; and that considerateness is the foundation on which our relationships are organized in both the thin context of the public space and the intimate context of the family. One of the distinguishing features of Ullmann-Margalit's work is its close attention to the details of human experience, and its use of those details to offer fresh understandings of social phenomena. Her essays cast new light on a diverse assortment of problems in philosophy, social science, and individual lives.

To Vote or Not to Vote?
To Vote or Not to Vote?

Author: Andre Blais

Publisher: University of Pittsburgh Pre

Published: 2000-08-15

Total Pages: 209

ISBN-13: 0822990555

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What makes people decide to vote? In addressing this simple question, Andre Blais examines the factors that increase or decrease turnout at the aggregate, cross-national level and considers what affects people's decision to vote or to abstain. In doing so, Blais assesses the merits and limitations of the rational choice model in explaining voter behavior. The past few decades have witnessed a rise in the popularity of the rational choice model in accounting for voter turnout, and more recently a groundswell of outspoken opposition to rational choice theory. Blais tackles this controversial subject in an engaging and personal way, bringing together the opposing theories and literatures, and offering convincing tests of these different viewpoints. Most important, he handles the discussion in a clear and balanced manner. Using new data sets from many countries, Blais concludes that while rational choice is an important tool—even when it doesn't work—its empirical contribution to understanding why people vote is quite limited. Whether one supports rational choice theory or opposes it, Blais's evenhanded and timely analysis will certainly be of interest, and is well-suited for advanced undergraduate and graduate-level classes.

Ways Of Thinking: The Limits Of Rational Thought And Artificial Intelligence
Ways Of Thinking: The Limits Of Rational Thought And Artificial Intelligence

Author: Mero Laszlo

Publisher: World Scientific

Published: 1990-11-14

Total Pages: 266

ISBN-13: 9814506842

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This book goes right into the the causes and reasons of the diversity of ways of thinking. It is about the tricks of how our thinking works and about the efforts and failures of artificial intelligence. It discusses what can and cannot be expected of `intelligent' computers, and provides an insight into the deeper layers of the mechanism of our thinking.-An enjoyable piece of reading, this thought-provoking book is also an exciting mental adventure for those with little or no computer competence at all.

Rationality in Extensive Form Games
Rationality in Extensive Form Games

Author: Andrés Perea

Publisher: Springer Science & Business Media

Published: 2001-10-31

Total Pages: 256

ISBN-13: 9780792375401

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This book is concerned with situations in which several persons reach decisions independently and the final consequence depends, potentially, upon each of the decisions taken. Such situations may be described formally by an extensive form game: a mathematical object which specifies the order in which decisions are to be taken, the information available to the decision makers at each point in time, and the consequence that results for each possible combination of decisions. A necessary requirement for rational behavior in such games is that each decision maker should reach a decision that is optimal, given his preferences over his own decisions. This requirement is far from sufficient, however, since every decision maker should in addition base his preferences upon the conjecture that his opponents will act optimally as well. It is this principle that distinguishes noncooperative game theory from one-person decision theory. The main purpose of Rationality in Extensive Form Games is to discuss different formalizations of this principle in extensive form games, such as backward induction, Nash equilibrium, forward induction and rationalizability, under the assumption that the decision makers' preferences are given by subjective expected utility functions. The various formalizations, or rationality criteria, are illustrated by examples, and the relationships among the different criteria are explored.