Download or read book Decision Theory and Rationality written by José Luis Bermúdez and published by OUP Oxford. This book was released on 2009-02-19 with total page 199 pages. Available in PDF, EPUB and Kindle. Book excerpt: The concept of rationality is a common thread through the human and social sciences — from political science to philosophy, from economics to sociology, and from management science to decision analysis. But what counts as rational action and rational behavior? José Luis Bermúdez explores decision theory as a theory of rationality. Decision theory is the mathematical theory of choice and for many social scientists it makes the concept of rationality mathematically tractable and scientifically legitimate. Yet rationality is a concept with several dimensions and the theory of rationality has different roles to play. It plays an action-guiding role (prescribing what counts as a rational solution of a given decision problem). It plays a normative role (giving us the tools to pass judgment not just on how a decision problem was solved, but also on how it was set up in the first place). And it plays a predictive/explanatory role (telling us how rational agents will behave, or why they did what they did). This controversial but accessible book shows that decision theory cannot play all of these roles simultaneously. And yet, it argues, no theory of rationality can play one role without playing the other two. The conclusion is that there is no hope of taking decision theory as a theory of rationality.
Download or read book Media of Reason written by Matthias Vogel and published by Columbia University Press. This book was released on 2012-11-06 with total page 401 pages. Available in PDF, EPUB and Kindle. Book excerpt: Matthias Vogel challenges the belief, dominant in contemporary philosophy, that reason is determined solely by our discursive, linguistic abilities as communicative beings. In his view, the medium of language is not the only force of reason. Music, art, and other nonlinguistic forms of communication and understanding are also significant. Introducing an expansive theory of mind that accounts for highly sophisticated, penetrative media, Vogel advances a novel conception of rationality while freeing philosophy from its exclusive attachment to linguistics. Vogel's media of reason treats all kinds of understanding and thought, propositional and nonpropositional, as important to the processes and production of knowledge and thinking. By developing an account of rationality grounded in a new conception of media, he raises the profile of the prelinguistic and nonlinguistic dimensions of rationality and advances the Enlightenment project, buffering it against the postmodern critique that the movement fails to appreciate aesthetic experience. Guided by the work of Jürgen Habermas, Donald Davidson, and a range of media theorists, including Marshall McLuhan, Vogel rebuilds, if he does not remake, the relationship among various forms of media—books, movies, newspapers, the Internet, and television—while offering an original and exciting contribution to media theory.
Download or read book Economic Ideas You Should Forget written by Bruno S. Frey and published by Springer. This book was released on 2017-03-08 with total page 166 pages. Available in PDF, EPUB and Kindle. Book excerpt: Reporting on cutting-edge advances in economics, this book presents a selection of commentaries that reveal the weaknesses of several core economics concepts. Economics is a vigorous and progressive science, which does not lose its force when particular parts of its theory are empirically invalidated; instead, they contribute to the accumulation of knowledge. By discussing problematic theoretical assumptions and drawing on the latest empirical research, the authors question specific hypotheses and reject major economic ideas from the “Coase Theorem” to “Say’s Law” and “Bayesianism.” Many of these ideas remain prominent among politicians, economists and the general public. Yet, in the light of the financial crisis, they have lost both their relevance and supporting empirical evidence. This fascinating and thought-provoking collection of 71 short essays written by respected economists and social scientists from all over the world will appeal to anyone interested in scientific progress and the further development of economics.
Download or read book The Value of Rationality written by Ralph Wedgwood and published by Oxford University Press. This book was released on 2017 with total page 278 pages. Available in PDF, EPUB and Kindle. Book excerpt: Ralph Wedgwood gives a general account of what it is for states of mind and processes of thought to count as rational. Whether you are thinking rationally depends purely on what is going on in your mind, but rational thinking is a means to the goal of getting things right in your thinking, by believing the truth or making good choices.
Download or read book Choice Rationality and Social Theory RLE Social Theory written by Barry Hindess and published by Routledge. This book was released on 2014-08-21 with total page 102 pages. Available in PDF, EPUB and Kindle. Book excerpt: Choice, Rationality and Social Theory is a powerful rebuttal of the remarkably influential theories underlying 'rational choice analysis'. Rational choice analysis maintains that social life is principally to be explained as the outcome of rational choices on the part of individual actors. Adherents of this view include not only philosophers, political scientists and sociologists, but also prominent politicians in Western governments – notably of the United Kingdom and the United States. Rational choice analysis is said to be rigorous, capable of great technical sophistication, and able to generate powerful explanations on the basis of a few, relatively simple theoretical assumptions. Barry Hindess argues that the theory is seriously deficient, first, because there are important actors in the modern world other than human individuals, and second, because it says nothing about those processes of deliberation that play an important part in actors' decisions. The use of highly questionable assumptions about actors and their rationality has the effect of closing off important areas of intellectual inquiry and ignoring the reality of certain forms of thought and the social conditions on which they depend. These points are established through detailed examination of the concepts of the actor and of rationality – providing an overall argument that constitutes a serious challenge to any adherent of rational choice analysis.
Download or read book The Rationality Quotient written by Keith E. Stanovich and published by MIT Press. This book was released on 2016-09-30 with total page 479 pages. Available in PDF, EPUB and Kindle. Book excerpt: How to assess critical aspects of cognitive functioning that are not measured by IQ tests: rational thinking skills. Why are we surprised when smart people act foolishly? Smart people do foolish things all the time. Misjudgments and bad decisions by highly educated bankers and money managers, for example, brought us the financial crisis of 2008. Smart people do foolish things because intelligence is not the same as the capacity for rational thinking. The Rationality Quotient explains that these two traits, often (and incorrectly) thought of as one, refer to different cognitive functions. The standard IQ test, the authors argue, doesn't measure any of the broad components of rationality—adaptive responding, good judgment, and good decision making. The authors show that rational thinking, like intelligence, is a measurable cognitive competence. Drawing on theoretical work and empirical research from the last two decades, they present the first prototype for an assessment of rational thinking analogous to the IQ test: the CART (Comprehensive Assessment of Rational Thinking). The authors describe the theoretical underpinnings of the CART, distinguishing the algorithmic mind from the reflective mind. They discuss the logic of the tasks used to measure cognitive biases, and they develop a unique typology of thinking errors. The Rationality Quotient explains the components of rational thought assessed by the CART, including probabilistic and scientific reasoning; the avoidance of “miserly” information processing; and the knowledge structures needed for rational thinking. Finally, the authors discuss studies of the CART and the social and practical implications of such a test. An appendix offers sample items from the test.
Download or read book Bounded Rationality written by Gerd Gigerenzer and published by MIT Press. This book was released on 2002-07-26 with total page 404 pages. Available in PDF, EPUB and Kindle. Book excerpt: In a complex and uncertain world, humans and animals make decisions under the constraints of limited knowledge, resources, and time. Yet models of rational decision making in economics, cognitive science, biology, and other fields largely ignore these real constraints and instead assume agents with perfect information and unlimited time. About forty years ago, Herbert Simon challenged this view with his notion of "bounded rationality." Today, bounded rationality has become a fashionable term used for disparate views of reasoning. This book promotes bounded rationality as the key to understanding how real people make decisions. Using the concept of an "adaptive toolbox," a repertoire of fast and frugal rules for decision making under uncertainty, it attempts to impose more order and coherence on the idea of bounded rationality. The contributors view bounded rationality neither as optimization under constraints nor as the study of people's reasoning fallacies. The strategies in the adaptive toolbox dispense with optimization and, for the most part, with calculations of probabilities and utilities. The book extends the concept of bounded rationality from cognitive tools to emotions; it analyzes social norms, imitation, and other cultural tools as rational strategies; and it shows how smart heuristics can exploit the structure of environments.
Download or read book How Biology Shapes Philosophy written by David Livingstone Smith and published by Cambridge University Press. This book was released on 2017 with total page 367 pages. Available in PDF, EPUB and Kindle. Book excerpt: A collection of original essays by major thinkers, addressing how the biological sciences inform and inspire philosophical research.
Download or read book Collective Rationality and Collective Reasoning written by Christopher McMahon and published by Cambridge University Press. This book was released on 2001-08-06 with total page 266 pages. Available in PDF, EPUB and Kindle. Book excerpt: "This book examines the issue of rational cooperation, especially cooperation between people with conflicting moral commitments. The first part considers how the two main aspects of cooperation - the choice by a group of a particular cooperative scheme and the decision by each member to contribute to that scheme - can be understood as guided by reason. The second part explores how the activity of reasoning itself can take a cooperative form. The book is distinctive in offering an account of what people can accomplish by reasoning together, of the role of deliberation in democratic decision making, and of the negotiation of the proper use of concepts. Presenting for the first time a detailed analysis of the general problem of cooperation and collective reasoning between people with different moral commitments, this book will be of particular interest to philosophers of the social sciences and to students in political science, sociology and economics." --Cambridge Press.
Download or read book Rationality and the Social Sciences written by Stanley I. Benn and published by . This book was released on 2015 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The concepts of rationality that are used by social scientists in the formation of hypotheses, models and explanations are explored in this collection of original papers by a number of distinguished philosophers and social scientists. The aim of the book is to display the variety of the concepts used, to show the different roles they play in theories of very different kinds over a wide range of disciplines, including economics, sociology, psychology, political science and anthropology, and to assess the explanatory and predictive power that a theory can draw from such concepts.
Download or read book Reason and Nature written by José Luis Bermúdez and published by Oxford University Press. This book was released on 2002 with total page 302 pages. Available in PDF, EPUB and Kindle. Book excerpt: In a series of essays nine philosophers and two psychologists address three main themes: the status of norms of rationality; the precise form taken by them; and the role of norms in belief and actions.
Download or read book Rational Choice Theory and Organizational Theory written by Mary Zey and published by SAGE. This book was released on 1998 with total page 156 pages. Available in PDF, EPUB and Kindle. Book excerpt: Rational Choice Theory and Organizational Theory is written in response to the neo-classical economic rational choice theories and organizational economic theories which have emerged in the past decade and gained center stage in current organizational analysis.
Download or read book The Varieties of Economic Rationality written by Michel Zouboulakis and published by Routledge. This book was released on 2014-01-21 with total page 188 pages. Available in PDF, EPUB and Kindle. Book excerpt: The concept of economic rationality is important for the historical evolution of Economics as a scientific discipline. The common idea about this concept -even between economists- is that it has a unique meaning which is universally accepted. This new volume argues that "economic rationality" is not not a universal concept with one single meaning, and that it in fact has different, if not conflicting, interpretations in the evolution of discourse on economics. In order to achieve this, the book traces the historical evolution of the concept of economic rationality from Adam Smith to the present, taking in thinkers from Mill to Friedman, and encompassing approaches from neoclassical to behavioural economics. The book charts this history in order to reveal important instances of conceptual transformation of the meaning of economic rationality. In doing so, it presents a uniquely detailed study of the historical change of the many faces of the homo oeconomicus .
Download or read book An Inquiry Into the Nature and Causes of the Wealth of Nations written by Adam Smith and published by . This book was released on 1822 with total page 522 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Rationality in the Social Sciences written by Helmut Staubmann and published by Springer. This book was released on 2017-11-30 with total page 288 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume presents for the first time a collection of historically important papers written on the concept of rationality in the social sciences. In 1939-40, the famed Austrian economist Joseph A. Schumpeter and the famous sociologist Talcott Parsons convened a faculty seminar at Harvard University on the topic of rationality. The first part includes their essays as well as papers by the Austrian phenomenologist Alfred Schütz, the sociologist Wilbert Moore, and the economist Rainer Schickele. Several younger economists and sociologists with bright futures also participated, including Alex Gerschenkron, John Dunlop, Paul M. Sweezy, and Wassily W. Leontief, who was later awarded the Nobel Prize for developing input-output analysis. The second part presents essays and commentaries written by today’s internationally noted social scientists and addressing the topic of rationality in social action from a broad range of perspectives. The book’s third and final part shares the recently discovered correspondence between the seminar principals regarding the original but failed plan to publish its proceedings. It also includes letters, not previously published, between Richard Grathoff, Walter M. Sprondel and Talcott Parsons on the rationality seminar and the exchanges between Parsons and Schütz.
Download or read book Method and Appraisal in Economics written by Spiro J. Latsis and published by CUP Archive. This book was released on 1976-09-02 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Results from the Economics Sessions of the Nafplion Colloquium on Research Programmes in Physics and Economics held in Nafplion, Greece, 2-14 September, 1974." Includes bibliographies and index.
Download or read book Rationality and Intelligence written by Jonathan Baron and published by Cambridge University Press. This book was released on 2005-07-07 with total page 312 pages. Available in PDF, EPUB and Kindle. Book excerpt: Rationality and Intelligence develops and justifies a prescriptive theory of rational thinking in terms of utility theory and the theory of rational life plans. The prescriptive theory, buttressed by other assumptions, suggests that people generally think too little and in a way that is insufficiently critical of the initial possibilities that occur to them.
