Cognition And Extended Rational Choice

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Cognition and Extended Rational Choice

Author : Howard Margolis
Publisher : Routledge
ISBN 13 : 1135990522
Total Pages : 252 pages
Book Rating : 4.1/5 (359 download)

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Book Synopsis Cognition and Extended Rational Choice by : Howard Margolis

Download or read book Cognition and Extended Rational Choice written by Howard Margolis and published by Routledge. This book was released on 2007-10-17 with total page 252 pages. Available in PDF, EPUB and Kindle. Book excerpt: One of the most exciting recent innovations in the social sciences has been the emergence of 'behaviour economics', which extends the notion of rational choice to allow for both motivation beyond self-interest and intuitions that cannot be reduced to the logic of a situation. This new book by Howard Margolis demonstrates how an account of widely-discussed topics, from tipping points in social choice to cognitive illusions and experimental anomalies, can be brought within a coherent framework. Starting from Darwin's own comments on the origins of moral concerns and from a review of notorious cognitive illusions, Margolis shows how rational choice theory can be extended to incorporate social as well as self-interested motivation, but allowing for the cognitive complications that can be expected in domains well-outside familiar experience. This yields a coherent account of many otherwise mystifying results from cooperation experiments. This book will be of great interest not only to students and researchers in behavioral and experimental economics but across the social sciences.

Elements of Reason

Author : Arthur Lupia
Publisher : Cambridge University Press
ISBN 13 : 9780521653329
Total Pages : 348 pages
Book Rating : 4.6/5 (533 download)

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Book Synopsis Elements of Reason by : Arthur Lupia

Download or read book Elements of Reason written by Arthur Lupia and published by Cambridge University Press. This book was released on 2000-10-09 with total page 348 pages. Available in PDF, EPUB and Kindle. Book excerpt: Advances in the social sciences are used to uncover cognitive foundations of social decision making.

The Limits of Rationality

Author : Karen Schweers Cook
Publisher : University of Chicago Press
ISBN 13 : 0226742415
Total Pages : 436 pages
Book Rating : 4.2/5 (267 download)

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Book Synopsis The Limits of Rationality by : Karen Schweers Cook

Download or read book The Limits of Rationality written by Karen Schweers Cook and published by University of Chicago Press. This book was released on 2008-10-03 with total page 436 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Routledge Handbook of Bounded Rationality

Author : Riccardo Viale
Publisher : Routledge
ISBN 13 : 131733079X
Total Pages : 844 pages
Book Rating : 4.3/5 (173 download)

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Book Synopsis Routledge Handbook of Bounded Rationality by : Riccardo Viale

Download or read book Routledge Handbook of Bounded Rationality written by Riccardo Viale and published by Routledge. This book was released on 2020-12-02 with total page 844 pages. Available in PDF, EPUB and Kindle. Book excerpt: Herbert Simon’s renowned theory of bounded rationality is principally interested in cognitive constraints and environmental factors and influences which prevent people from thinking or behaving according to formal rationality. Simon’s theory has been expanded in numerous directions and taken up by various disciplines with an interest in how humans think and behave. This includes philosophy, psychology, neurocognitive sciences, economics, political science, sociology, management, and organization studies. The Routledge Handbook of Bounded Rationality draws together an international team of leading experts to survey the recent literature and the latest developments in these related fields. The chapters feature entries on key behavioural phenomena, including reasoning, judgement, decision making, uncertainty, risk, heuristics and biases, and fast and frugal heuristics. The text also examines current ideas such as fast and slow thinking, nudge, ecological rationality, evolutionary psychology, embodied cognition, and neurophilosophy. Overall, the volume serves to provide the most complete state-of-the-art collection on bounded rationality available. This book is essential reading for students and scholars of economics, psychology, neurocognitive sciences, political sciences, and philosophy.

Embodied bounded rationality

Author : Shaun Gallagher
Publisher : Frontiers Media SA
ISBN 13 : 2832533434
Total Pages : 154 pages
Book Rating : 4.8/5 (325 download)

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Book Synopsis Embodied bounded rationality by : Shaun Gallagher

Download or read book Embodied bounded rationality written by Shaun Gallagher and published by Frontiers Media SA. This book was released on 2023-09-07 with total page 154 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Rational Choice in an Uncertain World

Author : Reid Hastie
Publisher : SAGE
ISBN 13 : 1412959039
Total Pages : 393 pages
Book Rating : 4.4/5 (129 download)

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Book Synopsis Rational Choice in an Uncertain World by : Reid Hastie

Download or read book Rational Choice in an Uncertain World written by Reid Hastie and published by SAGE. This book was released on 2010 with total page 393 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the Second Edition of Rational Choice in an Uncertain World the authors compare the basic principles of rationality with actual behaviour in making decisions. They describe theories and research findings from the field of judgment and decision making in a non-technical manner, using anecdotes as a teaching device. Intended as an introductory textbook for advanced undergraduate and graduate students, the material not only is of scholarly interest but is practical as well. The Second Edition includes: - more coverage on the role of emotions, happiness, and general well-being in decisions - a summary of the new research on the neuroscience of decision processes - more discussion of the adaptive value of (non-rational heuristics) - expansion of the graphics for decision trees, probability trees, and Venn diagrams.

Choice Computing: Machine Learning and Systemic Economics for Choosing

Author : Parag Kulkarni
Publisher : Springer Nature
ISBN 13 : 9811940592
Total Pages : 254 pages
Book Rating : 4.8/5 (119 download)

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Book Synopsis Choice Computing: Machine Learning and Systemic Economics for Choosing by : Parag Kulkarni

Download or read book Choice Computing: Machine Learning and Systemic Economics for Choosing written by Parag Kulkarni and published by Springer Nature. This book was released on 2022-08-28 with total page 254 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents thoughts and pathways to build revolutionary machine learning models with the new paradigm of machine learning to adapt behaviorism. It focuses on two aspects – one focuses on architecting a choice process to lead users on the certain choice path while the second focuses on developing machine learning models based on choice paradigm. This book is divided in three parts where part one deals with human choice and choice architecting models with stories of choice architects. Second part closely studies human choosing models and deliberates on developing machine learning models based on the human choice paradigm. Third part takes you further to look at machine learning based choice architecture. The proposed pioneering choice-based paradigm for machine learning presented in the book will help readers to develop products – help readers to solve problems in a more humanish way and to negotiate with uncertainty in a more graceful but in an objective way. It will help to create unprecedented value for business and society. Further, it will unveil a new paradigm for modern intelligent businesses to embark on the new journey; the journey of transition from shackled feature rich and choice poor systems to feature flexible and choice rich natural behaviors.

Cognitive Systems and the Extended Mind

Author : Robert D. Rupert
Publisher : Oxford University Press
ISBN 13 : 0199888647
Total Pages : 288 pages
Book Rating : 4.1/5 (998 download)

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Book Synopsis Cognitive Systems and the Extended Mind by : Robert D. Rupert

Download or read book Cognitive Systems and the Extended Mind written by Robert D. Rupert and published by Oxford University Press. This book was released on 2009-08-19 with total page 288 pages. Available in PDF, EPUB and Kindle. Book excerpt: Cognitive Systems and the Extended Mind surveys philosophical issues raised by the situated movement in cognitive science, that is, the treatment of cognitive phenomena as the joint products of brain, body, and environment.

Vagueness and Rationality in Language Use and Cognition

Author : Richard Dietz
Publisher : Springer Nature
ISBN 13 : 3030159310
Total Pages : 183 pages
Book Rating : 4.0/5 (31 download)

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Book Synopsis Vagueness and Rationality in Language Use and Cognition by : Richard Dietz

Download or read book Vagueness and Rationality in Language Use and Cognition written by Richard Dietz and published by Springer Nature. This book was released on 2019-09-17 with total page 183 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume presents new conceptual and experimental studies which investigate the connection between vagueness and rationality from various systematic directions, such as philosophy, linguistics, cognitive psychology, computing science, and economics. Vagueness in language use and cognition has traditionally been interpreted in epistemic or semantic terms. The standard view of vagueness specifically suggests that considerations of agency or rationality, broadly conceived, can be left out of the equation. Most recently, new literature on vagueness has been released which suggests that the standard view is inadequate and that considerations of rationality should factor into more comprehensive models of vagueness. The methodological approaches presented here are diverse, ranging from philosophical interpretations of rational credence for vagueness to adaptations of choice theory (dynamic choice theory, revealed preference models, social choice theory), probabilistic models of pragmatic reasoning (Bayesian pragmatics), evolutionary game theory, and conceptual space models of categorisation.

Thinking about Acting

Author : John L. Pollock
Publisher : Oxford University Press
ISBN 13 : 0195304810
Total Pages : 280 pages
Book Rating : 4.1/5 (953 download)

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Book Synopsis Thinking about Acting by : John L. Pollock

Download or read book Thinking about Acting written by John L. Pollock and published by Oxford University Press. This book was released on 2006-07-27 with total page 280 pages. Available in PDF, EPUB and Kindle. Book excerpt: This work aims to construct a theory of rational decision making for real, resource-bounded, agents. Such decision making must be based on objective probabilities rather than subjective probabilities, and can't be done by choosing single action with maxmimal expected values.

Who Is Rational?

Author : Keith E. Stanovich
Publisher : Psychology Press
ISBN 13 : 1135687552
Total Pages : 350 pages
Book Rating : 4.1/5 (356 download)

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Book Synopsis Who Is Rational? by : Keith E. Stanovich

Download or read book Who Is Rational? written by Keith E. Stanovich and published by Psychology Press. This book was released on 1999-04-01 with total page 350 pages. Available in PDF, EPUB and Kindle. Book excerpt: Integrating a decade-long program of empirical research with current cognitive theory, this book demonstrates that psychological research has profound implications for current debates about what it means to be rational. The author brings new evidence to bear on these issues by demonstrating that patterns of individual differences--largely ignored in disputes about human rationality--have strong implications for explanations of the gap between normative and descriptive models of human behavior. Separate chapters show how patterns of individual differences have implications for all of the major critiques of purported demonstrations of human irrationality in the heuristics and biases literature. In these critiques, it has been posited that experimenters have observed performance errors rather than systematically irrational responses; the tasks have required computational operations that exceed human cognitive capacity; experimenters have applied the wrong normative model to the task; and participants have misinterpreted the tasks. In a comprehensive set of studies, Stanovich demonstrates that gaps between normative and descriptive models of performance on some tasks can be accounted for by positing these alternative explanations, but that not all discrepancies from normative models can be so explained. Individual differences in rational thought can in part be predicted by psychological dispositions that are interpreted as characteristic biases in people's intentional-level psychologies. Presenting the most comprehensive examination of individual differences in the heuristics and biases literature that has yet been published, experiments and theoretical insights in this volume contextualize the heuristics and biases literature exemplified in the work of various investigators.

The Rationality Of Political Protest

Author : Karl-dieter Opp
Publisher : Routledge
ISBN 13 : 1000305066
Total Pages : 288 pages
Book Rating : 4.0/5 (3 download)

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Book Synopsis The Rationality Of Political Protest by : Karl-dieter Opp

Download or read book The Rationality Of Political Protest written by Karl-dieter Opp and published by Routledge. This book was released on 2019-09-16 with total page 288 pages. Available in PDF, EPUB and Kindle. Book excerpt: The authors systematically apply rational choice theory in order to suggest hypotheses about political protest. They test these hypotheses by means of surveys and compare their rational choice hypotheses with competing hypotheses.

Simply Rational

Author : Gerd Gigerenzer
Publisher : Oxford University Press
ISBN 13 : 0199390096
Total Pages : 352 pages
Book Rating : 4.1/5 (993 download)

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Book Synopsis Simply Rational by : Gerd Gigerenzer

Download or read book Simply Rational written by Gerd Gigerenzer and published by Oxford University Press. This book was released on 2015-03-03 with total page 352 pages. Available in PDF, EPUB and Kindle. Book excerpt: Statistical illiteracy can have an enormously negative impact on decision making. This volume of collected papers brings together applied and theoretical research on risks and decision making across the fields of medicine, psychology, and economics. Collectively, the essays demonstrate why the frame in which statistics are communicated is essential for broader understanding and sound decision making, and that understanding risks and uncertainty has wide-reaching implications for daily life. Gerd Gigerenzer provides a lucid review and catalog of concrete instances of heuristics, or rules of thumb, that people and animals rely on to make decisions under uncertainty, explaining why these are very often more rational than probability models. After a critical look at behavioral theories that do not model actual psychological processes, the book concludes with a call for a "heuristic revolution" that will enable us to understand the ecological rationality of both statistics and heuristics, and bring a dose of sanity to the study of rationality.

Better Than Conscious?

Author : Christoph Engel
Publisher : MIT Press
ISBN 13 : 0262195801
Total Pages : 465 pages
Book Rating : 4.2/5 (621 download)

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Book Synopsis Better Than Conscious? by : Christoph Engel

Download or read book Better Than Conscious? written by Christoph Engel and published by MIT Press. This book was released on 2008 with total page 465 pages. Available in PDF, EPUB and Kindle. Book excerpt: Experts discuss the implications of the ways humans reach decisions through the conscious and subconscious processing of information.

Efficient Cognition

Author : Armin W. Schulz
Publisher : MIT Press
ISBN 13 : 0262037602
Total Pages : 281 pages
Book Rating : 4.2/5 (62 download)

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Book Synopsis Efficient Cognition by : Armin W. Schulz

Download or read book Efficient Cognition written by Armin W. Schulz and published by MIT Press. This book was released on 2018-02-09 with total page 281 pages. Available in PDF, EPUB and Kindle. Book excerpt: An argument that representational decision making is more cognitively efficient, allowing an organism to adjust more easily to changes in the environment. Many organisms (including humans) make decisions by relying on mental representations. Not simply a reaction triggered by perception, representational decision making employs high-level, non-perceptual mental states with content to manage interactions with the environment. A person making a decision based on mental representations, for example, takes a step back from her perceptions at the time to assess the nature of the world she lives in. But why would organisms rely on representational decision making, and what evolutionary benefits does this reliance provide to the decision maker? In Efficient Cognition, Armin Schulz argues that representational decision making can be more cognitively efficient than non-representational decision making. Specifically, he shows that a key driver in the evolution of representational decision making is that mental representations can enable an organism to save cognitive resources and adjust more efficiently to changed environments. After laying out the foundations of his argument—clarifying the central questions, the characterization of representational decision making, and the relevance of an evidential form of evolutionary psychology—Schulz presents his account of the evolution of representational decision making and critically considers some of the existing accounts of the subject. He then applies his account to three open questions concerning the nature of representational decision making: the extendedness of decision making, and when we should expect cognition to extend into the environment; the specialization of decision making and the use of simple heuristics; and the psychological sources of altruistic behaviors.

Rationality and the Reflective Mind

Author : Keith Stanovich
Publisher : Oxford University Press
ISBN 13 : 0199712395
Total Pages : pages
Book Rating : 4.1/5 (997 download)

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Book Synopsis Rationality and the Reflective Mind by : Keith Stanovich

Download or read book Rationality and the Reflective Mind written by Keith Stanovich and published by Oxford University Press. This book was released on 2010-11-01 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: In Rationality and the Reflective Mind, Keith Stanovich attempts to resolve the Great Rationality Debate in cognitive science--the debate about how much irrationality to ascribe to human cognition. He shows how the insights of dual-process theory and evolutionary psychology can be combined to explain why humans are sometimes irrational even though they possess remarkably adaptive cognitive machinery. Stanovich argues that to fully characterize differences in rational thinking, we need to replace dual-process theories with tripartite models of cognition. Using a unique individual differences approach, he shows that the traditional second system (System 2) of dual-process theory must be further divided into the reflective mind and the algorithmic mind. Distinguishing them will allow us to better appreciate the significant differences in their key functions: The key function of the reflective mind is to detect the need to interrupt autonomous processing and to begin simulation activities, whereas that of the algorithmic mind is to sustain the processing of decoupled secondary representations in cognitive simulation. Stanovich then uses this algorithmic/reflective distinction to develop a taxonomy of cognitive errors made on tasks in the heuristics and biases literature. He presents the empirical data to show that the tendency to make these thinking errors is not highly related to intelligence. Using his tripartite model of cognition, Stanovich shows how, when both are properly defined, rationality is a more encompassing construct than intelligence, and that IQ tests fail to assess individual differences in rational thought. He then goes on to discuss the types of thinking processes that would be measured if rational thinking were to be assessed as IQ has been.

The Economics of Hate

Author : Samuel Cameron
Publisher : Edward Elgar Publishing
ISBN 13 : 1848445970
Total Pages : 201 pages
Book Rating : 4.8/5 (484 download)

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Book Synopsis The Economics of Hate by : Samuel Cameron

Download or read book The Economics of Hate written by Samuel Cameron and published by Edward Elgar Publishing. This book was released on 2009-01-01 with total page 201 pages. Available in PDF, EPUB and Kindle. Book excerpt: A very timely treatment of one of mankind s most important topics. Tyler Cowen, George Mason University, US This important and highly original book explores the application of economics to the subject of hate via such diverse topics as war, terrorism, road rage, witchcraft mania, marriage and divorce, and bullying and harassment. As yet there is no overall economic approach to hate; Samuel Cameron pioneers this work by using standard neo-classical economics concepts of the utility-maximizing consumer and the entrepreneur. He examines emotions as a form of personal capital and hate as a form of negative social capital , and investigates the idea of a modular matrix of hatred as the appropriate means of examining the subject. The likely form and scope of future effects of hate on government policy are also discussed. Seeking to explore the dimensions of hate as a commodity from a wider economic perspective, this exceptional book will prove a fascinating read for those with an interest in the economic value of hatred in particular, and the economics of the unusual more generally.