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Author : Michael Harris
Publisher :
ISBN 13 : 9781899134120
Total Pages : 8 pages
Book Rating : 4.1/5 (341 download)
Download or read book Rethinking Preferences in Rational Choice written by Michael Harris and published by . This book was released on 1996* with total page 8 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Jan de Jonge
Publisher : Springer
ISBN 13 : 0230355544
Total Pages : 363 pages
Book Rating : 4.2/5 (33 download)
Download or read book Rethinking Rational Choice Theory written by Jan de Jonge and published by Springer. This book was released on 2011-12-12 with total page 363 pages. Available in PDF, EPUB and Kindle. Book excerpt: The marriage of neuroscience and the science of choice behaviour gave birth to neuroeconomics. Jan de Jong explores this new discipline, investigating the relationship between choice behaviour and brain activity, and the light that this sheds on our systems of reasoning.
Author : Donald Green
Publisher : Yale University Press
ISBN 13 : 0300187084
Total Pages : 415 pages
Book Rating : 4.3/5 (1 download)
Download or read book Pathologies of Rational Choice Theory written by Donald Green and published by Yale University Press. This book was released on 1994-09-28 with total page 415 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is the first comprehensive critical evaluation of the use of rational choice theory in political science. Writing in an accessible and nontechnical style, Donald P. Green and Ian Shapiro assess rational choice theory where it is reputed to be most successful: the study of collective action, the behavior of political parties and politicians, and such phenomena as voting cycles and Prisoner's Dilemmas. In their hard-hitting critique, Green and Shapiro demonstrate that the much heralded achievements of rational choice theory are in fact deeply suspect and that fundamental rethinking is needed if rational choice theorists are to contribute to the understanding of politics. In their final chapters, they anticipate and respond to a variety of possible rational choice responses to their arguments, thereby initiating a dialogue that is bound to continue for some time.
Author : Jon Elster
Publisher : NYU Press
ISBN 13 : 0814721699
Total Pages : 273 pages
Book Rating : 4.8/5 (147 download)
Download or read book Rational Choice written by Jon Elster and published by NYU Press. This book was released on 1986-11 with total page 273 pages. Available in PDF, EPUB and Kindle. Book excerpt: This series brings together a carefully edited selection of the most influential and enduring articles on central topics in social and political theory. Each volume contains ten to twelve articles and an introductory essay by the editor.
Author : Keith M. Dowding
Publisher :
ISBN 13 :
Total Pages : 289 pages
Book Rating : 4.:/5 (654 download)
Download or read book Preferences, Institutions, and Rational Choice written by Keith M. Dowding and published by . This book was released on 1995 with total page 289 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Lara Buchak
Publisher :
ISBN 13 : 0199672164
Total Pages : 273 pages
Book Rating : 4.1/5 (996 download)
Download or read book Risk and Rationality written by Lara Buchak and published by . This book was released on 2013-11 with total page 273 pages. Available in PDF, EPUB and Kindle. Book excerpt: Lara Buchak sets out a new account of rational decision-making in the face of risk. She argues that the orthodox view (expected utility theory) is too narrow, and suggests an alternative, more permissive theory: one that allows individuals to pay attention to the worst-case or best-case scenario, and vindicates the ordinary decision-maker.
Author : Paul Anand
Publisher : Oxford University Press, USA
ISBN 13 :
Total Pages : 186 pages
Book Rating : 4.F/5 ( download)
Download or read book Foundations of Rational Choice Under Risk written by Paul Anand and published by Oxford University Press, USA. This book was released on 1993 with total page 186 pages. Available in PDF, EPUB and Kindle. Book excerpt: Describes and evaluates a number of existing criticisms of the formal theory of rationality and subjective expected utility theory. The author argues that rationality is not a behavioural entity, but rather has to do with the relation between an agent's preferences and his or her behaviour.
Author : Fabienne Peter
Publisher : Oxford University Press, USA
ISBN 13 : 0199287260
Total Pages : 390 pages
Book Rating : 4.1/5 (992 download)
Download or read book Rationality and Commitment written by Fabienne Peter and published by Oxford University Press, USA. This book was released on 2007-12-13 with total page 390 pages. Available in PDF, EPUB and Kindle. Book excerpt: List of Figures, Schemata, and Tables p. vii List of Contributors p. ix Acknowledgments p. xii Introduction p. 1 Rational Fools, Rational Commitments Fabienne Peter and Hans Bernhard Schmid p. 3 Part I Committed Action p. 15 1 Why Exactly is Commitment Important for Rationality? Amartya Sen p. 17 2 Construing Sen on Commitment Philip Pettit p. 28 3 Sympathy, Commitment, and Preference Daniel M. Hausman p. 49 Part II Rethinking Rationality p. 71 4 Instrumental Rationality versus Practical Reason: Desires, Ends, and Commitment Herlinde Pauer-Studer p. 73 5 The Grammar of Rationality Geoffrey Brennan p. 105 6 The Rationality of Rational Fools: The Role of Commitments, Persons, and Agents in Rational Choice Modelling Werner Guth and Hartmut Kliemt p. 124 7 Rational Self-Commitment Bruno Verbeek p. 150 8 Rationality and Commitment in Voluntary Cooperation: Insights from Experimental Economics Simon Gachter and Christian Thoni p. 175 Part III Commitment, Intentions, and Identity p. 209 9 Beyond Self-Goal Choice: Amartya Sen's Analysis of the Structure of Commitment and the Role of Shared Desires Hans Bernhard Schmid p. 211 10 Cooperation and the We-Perspective Raimo Tuomela p. 227 11 Collective Intentions, Commitment, and Collective Action Problems Margaret Gilbert p. 258 12 Theories of Team Agency Natalie Gold and Robert Sugden p. 280 13 Identity and Commitment: Sen's Fourth Aspects of the Self John B. Davis p. 313 Comment p. 337 Rational Choice: Discipline, Brand Name, and Substance Amartya Sen p. 339 Index.
Author : Fouad Sabry
Publisher : One Billion Knowledgeable
ISBN 13 :
Total Pages : 359 pages
Book Rating : 4.:/5 (661 download)
Download or read book Rational Choice Theory written by Fouad Sabry and published by One Billion Knowledgeable. This book was released on 2024-02-12 with total page 359 pages. Available in PDF, EPUB and Kindle. Book excerpt: What is Rational Choice Theory Rational choice theory refers to a set of guidelines that help understand economic and social behaviour. The theory originated in the eighteenth century and can be traced back to the political economist and philosopher Adam Smith. The theory postulates that an individual will perform a cost-benefit analysis to determine whether an option is right for them. It also suggests that an individual's self-driven rational actions will help better the overall economy. Rational choice theory looks at three concepts: rational actors, self interest and the invisible hand. How you will benefit (I) Insights, and validations about the following topics: Chapter 1: Rational choice theory Chapter 2: Microeconomics Chapter 3: Neoclassical economics Chapter 4: Utility Chapter 5: Public choice Chapter 6: Bounded rationality Chapter 7: Homo economicus Chapter 8: Arrow's impossibility theorem Chapter 9: Behavioral economics Chapter 10: Prospect theory Chapter 11: Consumer choice Chapter 12: Decision theory Chapter 13: Structure and agency Chapter 14: Expected utility hypothesis Chapter 15: Ellsberg paradox Chapter 16: Robert Sugden (economist) Chapter 17: Preference (economics) Chapter 18: Preference Chapter 19: Rational choice institutionalism Chapter 20: Altruism theory of voting Chapter 21: Formalist-substantivist debate (II) Answering the public top questions about rational choice theory. (III) Real world examples for the usage of rational choice theory in many fields. Who this book is for Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of Rational Choice Theory.
Author : Margaret Scotford Archer
Publisher : Psychology Press
ISBN 13 : 9780415242714
Total Pages : 280 pages
Book Rating : 4.2/5 (427 download)
Download or read book Rational Choice Theory written by Margaret Scotford Archer and published by Psychology Press. This book was released on 2000 with total page 280 pages. Available in PDF, EPUB and Kindle. Book excerpt: The fascinating title focuses on the four assumptions which are the bedrock of rational choice; rationality, individualism, process and aggregation and draws on a wide range of social issues such as race, marriage, health + education.
Author : Sarah Lichtenstein
Publisher : Cambridge University Press
ISBN 13 : 1139457780
Total Pages : 709 pages
Book Rating : 4.1/5 (394 download)
Download or read book The Construction of Preference written by Sarah Lichtenstein and published by Cambridge University Press. This book was released on 2006-08-28 with total page 709 pages. Available in PDF, EPUB and Kindle. Book excerpt: One of the main themes that has emerged from behavioral decision research during the past three decades is the view that people's preferences are often constructed in the process of elicitation. This idea is derived from studies demonstrating that normatively equivalent methods of elicitation (e.g., choice and pricing) give rise to systematically different responses. These preference reversals violate the principle of procedure invariance that is fundamental to all theories of rational choice. If different elicitation procedures produce different orderings of options, how can preferences be defined and in what sense do they exist? This book shows not only the historical roots of preference construction but also the blossoming of the concept within psychology, law, marketing, philosophy, environmental policy, and economics. Decision making is now understood to be a highly contingent form of information processing, sensitive to task complexity, time pressure, response mode, framing, reference points, and other contextual factors.
Author : John Komlos
Publisher : Routledge
ISBN 13 : 1351584715
Total Pages : 292 pages
Book Rating : 4.3/5 (515 download)
Download or read book Foundations of Real-World Economics written by John Komlos and published by Routledge. This book was released on 2019-01-11 with total page 292 pages. Available in PDF, EPUB and Kindle. Book excerpt: The 2008 financial crisis, the rise of Trumpism and the other populist movements which have followed in their wake have grown out of the frustrations of those hurt by the economic policies advocated by conventional economists for generations. Despite this, textbooks continue to praise conventional policies such as deregulation and hyperglobalization. This textbook demonstrates how misleading it can be to apply oversimplified models of perfect competition to the real world. The math works well on college blackboards but not so well on the Main Streets of America. This volume explores the realities of oligopolies, the real impact of the minimum wage, the double-edged sword of free trade, and other ways in which powerful institutions cause distortions in the mainstream models. Bringing together the work of key scholars, such as Kahneman, Minsky, and Schumpeter, this book demonstrates how we should take into account the inefficiencies that arise due to asymmetric information, mental biases, unequal distribution of wealth and power, and the manipulation of demand. This textbook offers students a valuable introductory text with insights into the workings of real markets not just imaginary ones formulated by blackboard economists. A must-have for students studying the principles of economics as well as micro- and macroeconomics, this textbook redresses the existing imbalance in economic teaching. Instead of clinging to an ideology that only enriched the 1%, Komlos sketches the outline of a capitalism with a human face, an economy in which people live contented lives with dignity instead of focusing on GNP.
Author : Prasanta K. Pattanaik
Publisher :
ISBN 13 :
Total Pages : 21 pages
Book Rating : 4.:/5 (13 download)
Download or read book Rationality and Context-Dependent Preferences written by Prasanta K. Pattanaik and published by . This book was released on 2013 with total page 21 pages. Available in PDF, EPUB and Kindle. Book excerpt: The standard theory of rational choice in economics considers an agent's choices to be rational if and only if the agent makes her choices in different choice situations on the basis of a fixed preference ordering defined over the set of all possible options. This implies that a rational agent's preferences cannot be context-dependent. This paper outlines a simple framework for defining context-dependence of preferences and for discussing relationships between context-dependent preferences and the notion of rationality.
Author : Laurens Cherchye
Publisher : Foundations & Trends
ISBN 13 : 9781601985361
Total Pages : 90 pages
Book Rating : 4.9/5 (853 download)
Download or read book Collective Household Consumption Behavior written by Laurens Cherchye and published by Foundations & Trends. This book was released on 2012-03 with total page 90 pages. Available in PDF, EPUB and Kindle. Book excerpt: Collective Household Consumption Behavior: Revealed Preference Analysis presents a nonparametric `revealed preference' methodology for analyzing collective consumption behavior in practical applications, while possibly accounting for externalities, public consumption and the use of assignable quantity information. Collective Household Consumption Behavior: Revealed Preference Analysis considers two types of collective models: The general collective model considers general preferences of the individual household members, which allow for externalities and public consumption within the household. The special collective models that do not allow for consumption externalities. After the introduction, section 2 sets the stage by introducing the revealed preference characterizations of the unitary model. Section 3 presents a collective model that allows for general individual preferences and discusses its revealed preference characterization. Sections 4 and 5 show how to bring this theoretical characterization to observational data. More specifically, Section 4 introduces the mixed integer programming characterizations for special collective models that impose restrictions on the household members' preferences. Section 5 does the same for the general collective model. Throughout Section 2 to Section 5, the authors illustrate the most relevant concepts by means of numerical examples. In Section 6 we subsequently illustrate our main results for data drawn from the Russian Longitudinal Monitoring Survey.
Author : Hiroki Nishimura
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (931 download)
Download or read book A United Approach to Revealed Preference Theory written by Hiroki Nishimura and published by . This book was released on 2013 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Karen Schweers Cook
Publisher : University of Chicago Press
ISBN 13 : 9780226742397
Total Pages : 436 pages
Book Rating : 4.7/5 (423 download)
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 1990-11-15 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.
Author : Claire A. Hill
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)
Download or read book The Rationality of Preference Construction (and the Irrationality of Rational Choice). written by Claire A. Hill and published by . This book was released on 2008 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economists typically assume that preferences are fixed - that people know what they like and how much they like it relative to all other things, and that this rank-ordering is stable over time. But this assumption has never been accepted by any other discipline. Economists are increasingly having difficulty arguing that the assumption is true enough to generate useful predictions and explanations. Indeed, law and economics scholars increasingly acknowledge that preferences are constructed, and that the law itself can help construct preferences. Still, fixed preferences are often treated as a normative ideal: Even if people don't have fixed preferences, they should. Behavioral law and economics scholars offer approaches to deal with this normative shortcoming. My article argues that preference construction, properly understood, is not normatively undesirable. Having fixed preferences means having a complete and stable rank ordering of what we want that dictates our choices. But we often do not have such an ordering, and rationally so. My article argues instead for an alternative process-based, account of preference construction. Rather than having a complete rank ordering, we have ways of making choices. We construct narratives, using evaluative criteria against a backdrop of wants, desires and inclinations, some of which we rank order and some of which we do not. The evaluative criteria embed a consideration of transaction costs: critically, where a decision is not very consequential, a formulaic decision rule that permits a ready choice among roughly comparable alternatives may serve our purposes better than a more considered alternative-by-alternative assessment. Our wants, desires and inclinations are for both traditional objects of choice and higher order values and desires; they are both previously constructed and constructed and elicited in the choice-making process. My article makes the case for such an account's potential explanatory power, as well as its tractability.
