Rational Choice in an Uncertain World

Rational Choice in an Uncertain World PDF

Author: Reid Hastie

Publisher: SAGE

Published: 2010

Total Pages: 393

ISBN-13: 1412959039

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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.

Rationality In An Uncertain World

Rationality In An Uncertain World PDF

Author: Nick Chater

Publisher: Psychology Press

Published: 2004-08-02

Total Pages: 356

ISBN-13: 1135471754

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The essays in this work focus on problems with logic-based approaches to human reasoning, showing how a probablistic approach can provide a more psychologically plausible, computationally viable and philosophically respectable account of human

Rationality for Mortals

Rationality for Mortals PDF

Author: Gerd Gigerenzer

Publisher: Oxford University Press

Published: 2010-04-16

Total Pages: 256

ISBN-13: 0199890129

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Gerd Gigerenzer's influential work examines the rationality of individuals not from the perspective of logic or probability, but from the point of view of adaptation to the real world of human behavior and interaction with the environment. Seen from this perspective, human behavior is more rational than it might otherwise appear. This work is extremely influential and has spawned an entire research program. This volume (which follows on a previous collection, Adaptive Thinking, also published by OUP) collects his most recent articles, looking at how people use "fast and frugal heuristics" to calculate probability and risk and make decisions. It includes a newly writen, substantial introduction, and the articles have been revised and updated where appropriate. This volume should appeal, like the earlier volumes, to a broad mixture of cognitive psychologists, philosophers, economists, and others who study decision making.

Bayesian Rationality

Bayesian Rationality PDF

Author: Mike Oaksford

Publisher: Oxford University Press

Published: 2007-02-22

Total Pages: 342

ISBN-13: 0198524498

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For almost 2,500 years, the Western concept of what is to be human has been dominated by the idea that the mind is the seat of reason - humans are, almost by definition, the rational animal. In this text a more radical suggestion for explaining these puzzling aspects of human reasoning is put forward.

Rationality

Rationality PDF

Author: Steven Pinker

Publisher: Penguin UK

Published: 2021-09-28

Total Pages: 272

ISBN-13: 0241380308

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A TIMES BOOK OF THE YEAR 2021 'Punchy, funny and invigorating ... Pinker is the high priest of rationalism' Sunday Times 'If you've ever considered taking drugs to make yourself smarter, read Rationality instead. It's cheaper, more entertaining, and more effective' Jonathan Haidt, author of The Righteous Mind In the twenty-first century, humanity is reaching new heights of scientific understanding - and at the same time appears to be losing its mind. How can a species that discovered vaccines for Covid-19 in less than a year produce so much fake news, quack cures and conspiracy theorizing? In Rationality, Pinker rejects the cynical cliché that humans are simply an irrational species - cavemen out of time fatally cursed with biases, fallacies and illusions. After all, we discovered the laws of nature, lengthened and enriched our lives and set the benchmarks for rationality itself. Instead, he explains, we think in ways that suit the low-tech contexts in which we spend most of our lives, but fail to take advantage of the powerful tools of reasoning we have built up over millennia: logic, critical thinking, probability, causal inference, and decision-making under uncertainty. These tools are not a standard part of our educational curricula, and have never been presented clearly and entertainingly in a single book - until now. Rationality matters. It leads to better choices in our lives and in the public sphere, and is the ultimate driver of social justice and moral progress. Brimming with insight and humour, Rationality will enlighten, inspire and empower. 'A terrific book, much-needed for our time' Peter Singer

Rationality In An Uncertain World

Rationality In An Uncertain World PDF

Author: Nick Chater

Publisher: Psychology Press

Published: 2004-08-02

Total Pages: 386

ISBN-13: 1135471746

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This book brings together an influential sequence of papers that argue for a radical re-conceptualisation of the psychology of inference, and of cognitive science more generally. The papers demonstrate that the thesis that logic provides the basis of human inference is central to much cognitive science, although the commitment to this view is often implicit. They then note that almost all human inference is uncertain, whereas logic is the calculus of certain inference. This mismatch means that logic is not the appropriate model for human thought. Oaksford and Chater's argument draws on research in computer science, artificial intelligence and philosophy of science, in addition to experimental psychology. The authors propose that probability theory, the calculus of uncertain inference, provides a more appropriate model for human thought. They show how a probabilistic account can provide detailed explanations of experimental data on Wason's selection task, which many have viewed as providing a paradigmatic demonstration of human irrationality. Oaksford and Chater show that people's behaviour appears irrational only from a logical point of view, whereas it is entirely rational from a probabilistic perspective. The shift to a probabilistic framework for human inference has significant implications for the psychology of reasoning, cognitive science more generally, and forour picture of ourselves as rational agents.

Simply Rational

Simply Rational PDF

Author: Gerd Gigerenzer

Publisher: Evolution and Cognition

Published: 2015

Total Pages: 329

ISBN-13: 019939007X

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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.

Risk, Uncertainty and Rational Action

Risk, Uncertainty and Rational Action PDF

Author: Carlo C. Jaeger

Publisher: Routledge

Published: 2013-11-05

Total Pages: 321

ISBN-13: 1134203020

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Risk as we now know it is a wholly new phenomenon, the by-product of our ever more complex and powerful technologies. In business, policy making, and in everyday life, it demands a new way of looking at technological and environmental uncertainty. In this definitive volume, four of the world's leading risk researchers present a fundamental critique of the prevailing approaches to understanding and managing risk - the 'rational actor paradigm'. They show how risk studies must incorporate the competing interests, values, and rationalities of those involved and find a balance of trust and acceptable risk. Their work points to a comprehensive and significant new theory of risk and uncertainty and of the decision making process they require. The implications for social, political, and environmental theory and practice are enormous. Winner of the 2000-2002 Outstanding Publication Award of the Section on Environment and Technology of the American Sociological Association

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