By Ken Dennis (auth.), Ken Dennis (eds.)
ISBN-10: 9401060371
ISBN-13: 9789401060370
ISBN-10: 9401148627
ISBN-13: 9789401148627
Ideas associated with rational selection idea began appearing usually within the economics literature within the Sixties and Nineteen Seventies, however the realization given to rationality widened to incorporate commentators providing far-reaching value determinations and evaluations. The literature grew to a gentle move and spanned diversified parts of concept together with socialist and `rational-choice Marxist' checks, and different techniques together with institutional, sociological, mental, moral, choice-theoretical, strategic, and game-theoretical remedies of rationality.
This variety of literature ended in the production of this quantity. What does rationality suggest? used to be there a few universal center of which means that held all of those likely disparate advancements jointly, or have been there discernable colleges of proposal with peculiarities that set them sincerely except each other? The essays during this quantity illustrate that range, and regardless of the diversity of methods there is still a standard middle of which means that comprises now not a lot a extensively diversified set of options of rationality as a hugely variegated array of tools and techniques to this topic. individuals deal with issues in their selection at the inspiration of rationality in economics, and the choice of those individuals is intended to symbolize a number of backgrounds and approaches.
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Extra resources for Rationality in Economics: Alternative Perspectives
Example text
14) "Alles, was nicht verboten ist, ist pflicht". -- A is true at the other-again a familiar situation in economics, vulgarly known as a trade-off. -- A is true at both preferable worlds and (14) that A is true at both preferable worlds, neither of which is true. Chellas (1980: 200-02) remarks that the standard deontic logic is inadequate on two grounds. , moral dilemmas. Moreover, it proves impossible to remove (9) in a standard model without producing other counterintuitive results. Second, the standard deontic logic neglects conditional obligation.
Cambridge: Cambridge University Press. Schelling, T. 1984a. Choice and Consequence. Cambridge: Harvard University Press. 1984b. "Self-Command in Practice, in Policy, and in a Theory of Rational Choice" (Richard T. Ely Lecture) American Economic Review, Papers and Proceedings 74(2)(May):I-I1. Setten, R. 1977. "A Simple Model of Kidnapping", pp. 139-155 in Mathematical Economics and Game Theory: Essays in Honor ofOskar Morgenstern, eds. R. Henn and O. Moeshlin, Berlin: SpringerVerlag. Sen, A. K. 1977.
39-96, The Eitan Berglas School of Economics, Tel Aviv University. Reny, P. 1992. "Rationality in Extensive-Form Games", Journal of Economic Perspectives, 6(4)(Fall): 103-18. Rosenthal, R. W. 1981. "Games of Imperfect Information, Predatory Pricing and the Chain Store Paradox", Journal of Economic Theory 25(1 )(August):92-1 00. Roth, A. E. 1996. Comments (pp. 198-202) on A. Tversky's "Rational Theory and Constructive Choice" (pp. 185-97) in The Rational Foundations of Economic Behavior, eds. K.
Rationality in Economics: Alternative Perspectives by Ken Dennis (auth.), Ken Dennis (eds.)
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