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: 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.

Download or read book Cognition and Extended Rational Choice written by Howard Margolis and published by Routledge. This book was released on 2007-10-31 with total page 301 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-di

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.

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.

Download or read book Extendable Rationality written by Davide Secchi and published by Springer Science & Business Media. This book was released on 2010-10-20 with total page 166 pages. Available in PDF, EPUB and Kindle. Book excerpt: “How do people make decisions in organizations?” is the question at the core of this book. Do people act rationally? Under what conditions can information and knowledge be shared to improve decision making? Davide Secchi applies concepts and theories from cognitive science, organizational behavior, and social psychology to explore the dynamics of decision making. In particular, he integrates “bounded rationality” (people are only partly rational; they have (a) limited computational capabilities and (b) limited access to information) and “distributed cognition” (knowledge is not confined to an individual, but is distributed across the members of a group) to build upon the pioneering work of Herbert Simon (1916-2001) on rational decision making and contribute fresh insights. This book is divided into two parts. The first part (Chapters 2 to 5) explores how recent studies on biases, prospect theory, heuristics, and emotions provide the so-called “map” of bounded rationality. The second part (Chapter 6 to 8) presents the idea of extendable rationality. In this section, Secchi identifies the limitations of bounded rationality and focuses more heavily on socially-based decision processes and the role of “docility” in teaching, managing, and executing decisions in organizations. The practical implications extend broadly to issues relating to change and innovation, as organizations adapt to evolving market conditions, implementing new systems, and effectively managing limited resources. The final chapter outlines an agenda for future research to help understand the decision making characteristics and capabilities of an organization.

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:

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.

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.

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.

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.

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.

Download or read book The Mystery of Rationality written by Gérald Bronner and published by Springer. This book was released on 2018-07-12 with total page 259 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book contributes to the developing dialogue between cognitive science and social sciences. It focuses on a central issue in both fields, i.e. the nature and the limitations of the rationality of beliefs and action. The development of cognitive science is one of the most important and fascinating intellectual advances of recent decades, and social scientists are paying increasing attention to the findings of this new branch of science that forces us to consider many classical issues related to epistemology and philosophy of action in a new light. Analysis of the concept of rationality is a leitmotiv in the history of the social sciences and has involved endless disputes. Since it is difficult to give a precise definition of this concept, and there is a lack of agreement about its meaning, it is possible to say that there is a ‘mystery of rationality’. What is it to be rational? Is rationality merely instrumental or does it also involve the endorsement of values, i.e. the choice of goals? Should we consider rationality to be a normative principle or a descriptive one? Can rationality be only Cartesian or can it also be argumentative? Is rationality a conscious skill or a partly tacit one? This book, which has been written by an outstanding collection of authors, including both philosophers and social scientists, tries to make a useful contribution to the debates on these problems and shed some light on the mystery of rationality. The target audience primarily comprises researchers and experts in the field.

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.

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.

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.

Download or read book Efficient Cognition written by Armin W. Schulz and published by MIT Press. This book was released on 2022-11-01 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.

Download or read book The Tinkering Mind written by Tillmann Vierkant and published by Oxford University Press. This book was released on 2022-10-06 with total page 205 pages. Available in PDF, EPUB and Kindle. Book excerpt: Epistemic agency is a crucial concept in many different areas of philosophy and the cognitive sciences. It is crucial in dual process theories of cognition as well as theories of metacognition and mindreading, self-control, and moral agency. But what is epistemic agency? The Tinkering Mind argues that epistemic agency has two distinct and incompatible definitions. It can be simply understood as intentional mental action, or as a distinct non-voluntary form of evaluative agency. The core argument of the book demonstrates that both definitions lead to surprising and counterintuitive consequences. If epistemic agency is a form of intentional action, then this implies that the radical theory of extended cognition has to be true. If, on the other hand, epistemic agency is not intentional action but evaluative agency, then intentional epistemic actions like deliberation are not truly cognitive but merely catalytic. Once established, the distinction between these two options sheds new light on various and diverse philosophical and psychological debates from dual process theories to debates on choice and self-control.