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The Limits of Rationality

The Limits of Rationality
Author: Karen Schweers Cook
Publisher: University of Chicago Press
Total Pages: 436
Release: 2008-10-03
Genre: Political Science
ISBN: 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
Total Pages: 180
Release: 1990-03-14
Genre: Psychology
ISBN: 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.


Normal Rationality

Normal Rationality
Author: Edna Ullmann-Margalit
Publisher: Oxford University Press
Total Pages: 310
Release: 2017
Genre: Philosophy
ISBN: 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.


The Limits of Rationality

The Limits of Rationality
Author: TAYLOR & FRANCIS
Publisher:
Total Pages: 128
Release: 2010-12-10
Genre: Reference
ISBN: 9780415607797

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In The Limits of Rationality Rogers Brubaker explores the intimate and ambiguous interplay between Max Weber's empirical work and his moral vision, between his historical and sociological analysis of the 'specific and peculiar rationalism' of modern Western civilization and his deeply ambivalent moral response to that rationalism. Weber's ideas about rationality are central to his sociological work, and they are central to his moral perspective. But these ideas are neither easily accessible nor easily understandable, in part because Weber never systematized them, in part because his work is usually encountered piecemeal and seldom studied in its entirety. Brubaker reconstructs Weber's rich but fragmented discussion of rationalism and rationalization in a systematic fashion, thereby illuminating his empirical and moral diagnosis of modernity - a diagnosis that remains unsurpassed in pathos and anyalytical power.


Rationality in Politics and its Limits

Rationality in Politics and its Limits
Author: Terry Nardin
Publisher: Routledge
Total Pages: 275
Release: 2017-10-02
Genre: Political Science
ISBN: 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.


The Limits to Rational Expectations

The Limits to Rational Expectations
Author: M. Hashem Pesaran
Publisher: Wiley-Blackwell
Total Pages: 325
Release: 1989
Genre: Business & Economics
ISBN: 9780631168850

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To Vote or Not to Vote?

To Vote or Not to Vote?
Author: Andre Blais
Publisher: University of Pittsburgh Pre
Total Pages: 209
Release: 2000-08-15
Genre: Political Science
ISBN: 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.


The Social Sciences and Rationality

The Social Sciences and Rationality
Author: Hudson Meadwell
Publisher: Routledge
Total Pages: 228
Release: 2017-10-19
Genre: Social Science
ISBN: 1351322877

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In recent decades, rational choice theory has emerged as the single most powerful, controversial claimant to provide a unified, theoretical framework for all the social sciences. In its simplest form, the theory postulates that humans are purposive beings who pursue their goals in a rational, efficient manner, seeking the greatest benefit at the lowest cost. This volume brings together prominent scholars working in several social science disciplines and the philosophy of science to debate the promise and problems of rational choice theory. As rational choice theory has spread from its home base in economics to other disciplines, it has come under fierce criticism. To its critics, the extension of the explanatory model mistakenly assumes that the logic of economic rationality can explain non-economic behavior and, at its worst, commits the ethnocentric error of imposing Western concepts of rationality on non-Western societies and cultures. This volume includes strong advocates as well as forceful critics of the rational choice approach. However, in contrast to previous debates, all the contributors share a commitment to open, constructive and knowledgeable dialogue. Well-known advocates of rational choice theory (Michael Hechter, Michael Smith, Chris Manfredi) explicitly ponder some of its serious limitations, while equally well-known critics (Ian Shapiro, Mario Bunge) strike a surprisingly conciliatory tone in contemplating its legitimate uses. Vociferous critics of neoclassical economics (Bunge) favorably discuss sociological proponents of rational choice theory while two economists who are not particularly anti-mainstream (Robin Rowley, George Grantham) critically assess the problems of such assumptions in their discipline. Philosophers (Storrs McCall) and sociologists (John Hall) alike reflect on the variable meaning of rationality in explaining social behavior. In the introduction and conclusion, the editors survey the current state of the debate and show how open, constructive dialogue enables us to move beyond hackneyed accusations and dismissals that have characterized much previous debate.


Rational Choice Theory

Rational Choice Theory
Author: Lina Eriksson
Publisher: Red Globe Press
Total Pages: 0
Release: 2011-10-18
Genre: Philosophy
ISBN: 0230545084

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Few approaches in political science have generated so much controversy as rational choice theory. Some claim that the approach has made political science scientific. Its critics argue that it involves unrealistic assumptions about individual behaviour. While its tenets and benefits remain the subject of heated debate, rational choice theory is now established as a core approach in political science and one that is vital for contemporary students of the discipline to understand. With an impressive degree of clarity, the book introduces the philosophical foundations, the methodology and the key issues of rational choice theory. It shows how the approach has been constructively used to explain political phenomena and also reflects more broadly on how theories are developed and used in political science. Balanced and insightful, this important new text gives a nuanced and elegant evaluation of the potential and limits of rational choice theory.


Between Magic and Rationality

Between Magic and Rationality
Author: Vibeke Steffen
Publisher: Museum Tusculanum Press
Total Pages: 382
Release: 2015-04-21
Genre: Philosophy
ISBN: 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.