The paper outlines various concepts of rationality, their characteristics and consequences. In the first, most general part, the metaphysical, instrumental and discursive rationality is distinguished. The following part focuses on instrumental rationality and the rational choice theory and ordinal and cardinal utility, expected utility and game theory, respectively. All those concepts are summarised as being the most mathematically elegant and mostly decidable and helpful in the decision-making process. Giving primacy to individual preferences and withholding the judgment on their “objective” value, they are also devoid of double standards. They are, however, strongly normative and weakly coincide with actual agents’ behaviour. Empirical fi...
The debate on the concept of rationality is key to the epistemological status of economics: starting...
The paper provides an brief overview of the state of the art in the theory of rational decision maki...
In a complex and uncertain world, humans draw inferences and make decisions under the constraints of...
This book describes how the concept of rationality has evolved in the last decades. Since the early ...
The idea that more information and more computation yield better decisions has long shaped our visio...
Provides a sketch of the development of the concept of bounded rationality in economic thought. The ...
ABSTRACT—Traditional views of rationality posit general-purpose decision mechanisms based on logic o...
The debate concerning human rationality has been revolving around four main standpoints: 1) Unbounde...
If we reassess the rationality question under the assumption that the uncertainty of the natural wor...
The behavioral challenge to the rational choice paradigm is oriented toward individual decision-maki...
The concept of dual rationality in human agents is well understood. It is significant in the work of...
Since the dawn of time, humankind's singular ability to make decisions has allowed human beings to f...
In a complex and uncertain world, humans draw inferences and make decisions under the constraints of...
Enlightenment thinkers viewed logic and mathematical probability as the hallmarks of rationality. In...
This thesis is centered on the issue of rational choice. Traditional decision-theoretic arguments ai...
The debate on the concept of rationality is key to the epistemological status of economics: starting...
The paper provides an brief overview of the state of the art in the theory of rational decision maki...
In a complex and uncertain world, humans draw inferences and make decisions under the constraints of...
This book describes how the concept of rationality has evolved in the last decades. Since the early ...
The idea that more information and more computation yield better decisions has long shaped our visio...
Provides a sketch of the development of the concept of bounded rationality in economic thought. The ...
ABSTRACT—Traditional views of rationality posit general-purpose decision mechanisms based on logic o...
The debate concerning human rationality has been revolving around four main standpoints: 1) Unbounde...
If we reassess the rationality question under the assumption that the uncertainty of the natural wor...
The behavioral challenge to the rational choice paradigm is oriented toward individual decision-maki...
The concept of dual rationality in human agents is well understood. It is significant in the work of...
Since the dawn of time, humankind's singular ability to make decisions has allowed human beings to f...
In a complex and uncertain world, humans draw inferences and make decisions under the constraints of...
Enlightenment thinkers viewed logic and mathematical probability as the hallmarks of rationality. In...
This thesis is centered on the issue of rational choice. Traditional decision-theoretic arguments ai...
The debate on the concept of rationality is key to the epistemological status of economics: starting...
The paper provides an brief overview of the state of the art in the theory of rational decision maki...
In a complex and uncertain world, humans draw inferences and make decisions under the constraints of...