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Rational Choice in an Uncertain World

Author: Reid Hastie

Publisher: SAGE

Published: 2010

Total Pages: 393

ISBN-13: 1412959039

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.

Rational Choice

Author: Itzhak Gilboa

Publisher: MIT Press

Published: 2012-08-17

Total Pages: 177

ISBN-13: 0262518058

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A nontechnical, concise, and rigorous introduction to the rational choice paradigm, focusing on basic insights applicable in fields ranging from economics to philosophy. This book offers a rigorous, concise, and nontechnical introduction to some of the fundamental insights of rational choice theory. It draws on formal theories of microeconomics, decision making, games, and social choice, and on ideas developed in philosophy, psychology, and sociology. Itzhak Gilboa argues that economic theory has provided a set of powerful models and broad insights that have changed the way we think about everyday life. He focuses on basic insights of the rational choice paradigm—the general conceptualization rather than a particular theory—that survive recent (and well-justified) critiques of economic theory's various failures. Gilboa explains the main concepts in language accessible to the nonspecialist, offering a nonmathematical guide to some of the main ideas developed in economic theory in the second half of the twentieth century. Chapters cover feasibility and desirability, utility maximization, constrained optimization, expected utility, probability and statistics, aggregation of preferences, games and equilibria, free markets, and rationality and emotions. Online appendixes offer additional material, including a survey of relevant mathematical concepts.

Pathologies of Rational Choice Theory

Author: Donald Green

Publisher: Yale University Press

Published: 1994-09-28

Total Pages: 415

ISBN-13: 0300187084

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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.

Rationalizing Capitalist Democracy

Author: S.M. Amadae

Publisher: University of Chicago Press

Published: 2003-10-15

Total Pages: 414

ISBN-13: 0226016544

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Offering a fascinating biography of a foundational theory, Amadae reveals not only how the ideological battles of the Cold War shaped ideas but also how those ideas may today be undermining the very notion of individual liberty they were created to defend.

Communicative Action and Rational Choice

Author: Joseph Heath

Publisher: MIT Press

Published: 2003-01-24

Total Pages: 380

ISBN-13: 9780262263030

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In this book Joseph Heath brings Jürgen Habermas's theory of communicative action into dialogue with the most sophisticated articulation of the instrumental conception of practical rationality-modern rational choice theory. Heath begins with an overview of Habermas's action theory and his critique of decision and game theory. He then offers an alternative to Habermas's use of speech act theory to explain social order and outlines a multidimensional theory of rational action that includes norm-governed action as a specific type. In the second part of the book Heath discusses the more philosophical dimension of Habermas's conception of practical rationality. He criticizes Habermas's attempt to introduce a universalization principle governing moral discourse, as well as his criteria for distinguishing between moral and ethical problems. Heath offers an alternative account of the level of convergence exhibited by moral argumentation, drawing on game-theoretic models to specify the burden of proof that the theory of communicative action and discourse must assume.

Rational Choice Theory

Author: James S. Coleman

Publisher: SAGE Publications, Incorporated

Published: 1992-08-11

Total Pages: 264

ISBN-13:

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Rational Choice Theory is one of the few general theories of how individuals, groups, organizations and social structures behave - its impact on sociological theorizing has been enormous. In this volume, advocates and critics present their views of the values and limitations of rational choice theory. Whether supporter or sceptic, sociologists and other social scientists will find themselves immersed in a creative discussion of the merits and difficulties of the model and its applicability to both macro and micro level social issues.

Business Ethics as Rational Choice

Author: John Hooker

Publisher: Pearson

Published: 2011

Total Pages: 0

ISBN-13: 9780136118671

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For courses in Business Ethics. Build business ethics expertise through application. Business Ethics as Rational Choice focuses on building decision-making skills so that readers can arrive at, and defend, personal or company decisions in an objective, and convincing, manner.

Rational Choice and Politics

Author: Stephen Parsons

Publisher: A&C Black

Published: 2005-03-16

Total Pages: 204

ISBN-13: 9780826477217

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Rational Choice Theory claims to be able to explain how all individuals make not just some of their choices, but all of their choices, all of the time. According to the theory, there is no difference in principle between choosing whether to buy apples rather than bananas or choosing whether to join a political revolution instead of staying at home and watching television. Given these claims to universal applicability, it is perhaps not surprising to find that over the last three or four decades Rational Choice Theory has become increasingly influential as a means of providing explanations in politics. The textbook introduces the premises of Rational Choice Theory and illustrates how this theory can be applied to political studies. The book concludes with an assessment of the usefulness of the model in the light of the problems highlighted. -"Parson's book provides a lucid presentation and a cogent critique of Rational Choice Theory in economics and politics." Professor Steve Pressman, Department of Economics and Finance, Monmouth University, USA

The Rational Choice Controversy

Author: Jeffrey Friedman

Publisher: Yale University Press

Published: 1996-01-01

Total Pages: 318

ISBN-13: 9780300068214

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Pathologies of Rational Choice Theory, a book written by Donald Green and Ian Shapiro and published in 1994, excited much controversy among political scientists and promoted a dialogue among them that was printed in a double issue of the journal Critical Review in 1995. This new book reproduces thirteen essays from the journal written by senior scholars in the field, along with an introduction by the editor of the journal, Jeffrey Friedman, and a rejoinder to the essays by Green and Shapiro. The scholars--who include John Ferejohn, Morris P. Fiorina, Stanley Kelley, Jr., Robert E. Lane, Peter C. Ordeshook, Norman Schofield, and Kenneth A. Shepsle--criticize, agree with, or build on the issues raised by Green and Shapiro s critique. Together the essays provide an interesting and accessible way of focusing on competing approaches to the study of politics and the social sciences.