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

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.

Rationality in Politics and its Limits

Rationality in Politics and its Limits
Author: Terry Nardin
Publisher: Routledge
Total Pages: 307
Release: 2017-10-02
Genre: Political Science
ISBN: 1317376412

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.

Rationalism in Politics and Other Essays

Rationalism in Politics and Other Essays
Author: Michael Oakeshott
Publisher: Methuen Publishing
Total Pages: 0
Release: 1977
Genre: Political science
ISBN: 9780874718843

"Rationalism in Politics, " first published in 1962, has established the late Michael Oakeshott as the leading conservative political theorist in modern Britain. This expanded collection of essays astutely points out the limits of "reason" in rationalist politics.Oakeshott criticizes ideological schemes to reform society according to supposedly "scientific" or rationalistic principles that ignore the wealth and variety of human experience. "Rationalism in politics," says Oakeshott, "involves a misconception with regard to the nature of human knowledge." History has shown that it produces unexpected, often disastrous results. "Having cut himself off from the traditional knowledge of his society, and denied the value of any education more extensive than a training in a technique of analysis," the Rationalist succeeds only in undermining the institutions that hold civilized society together. In this regard, rationalism in politics is "a corruption of the mind."Timothy Fuller is Professor of Political Science and Dean of the College at Colorado College.

Politics and the Architecture of Choice

Politics and the Architecture of Choice
Author: Bryan D. Jones
Publisher: University of Chicago Press
Total Pages: 256
Release: 2001-05
Genre: Business & Economics
ISBN: 9780226406374

Politics and the Architecture of Choice draws on work in political science, economics, cognitive science, and psychology to offer an innovative theory of how people and organizations adapt to change and why these adaptations don't always work. Our decision-making capabilities, Jones argues, are both rational and adaptive. But because our rationality is bounded and our adaptability limited, our actions are not based simply on objective information from our environments. Instead, we overemphasize some factors and neglect others, and our inherited limitations—such as short-term memory capacity—all act to affect our judgment. Jones shows how we compensate for and replicate these limitations in groups by linking the behavioral foundations of human nature to the operation of large-scale organizations in modern society. Situating his argument within the current debate over the rational choice model of human behavior, Jones argues that we should begin with rationality as a standard and then study the uniquely human ways in which we deviate from it.

Rationality in Politics and its Limits

Rationality in Politics and its Limits
Author: Terry Nardin
Publisher: Routledge
Total Pages: 169
Release: 2017-10-02
Genre: Political Science
ISBN: 1317376420

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.

Enemy in the Mirror

Enemy in the Mirror
Author: Roxanne L. Euben
Publisher: Princeton University Press
Total Pages: 255
Release: 1999-11-21
Genre: History
ISBN: 069105844X

This text draws on different diciplines, including postmodernist and critical theory, comparative politics, and anthropology, to examine Islamic fundamentalisim.

Minimal Rationality

Minimal Rationality
Author: Christopher Cherniak
Publisher: MIT Press
Total Pages: 180
Release: 1990-03-14
Genre: Psychology
ISBN: 9780262530873

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: Business & Economics
ISBN: 0198802439

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.

Solomonic Judgements

Solomonic Judgements
Author: Jon Elster
Publisher: Cambridge University Press
Total Pages: 248
Release: 1989-07-28
Genre: Education
ISBN: 9780521376082

A collection of essays on rationality - its scope, its limitations and its failures.

The Limits of the Market

The Limits of the Market
Author: Paul de Grauwe
Publisher: Oxford University Press
Total Pages: 182
Release: 2017
Genre: Business & Economics
ISBN: 0198784287

Paul De Grauwe examines why a healthy mix of market and state seems so difficult and analyses the internal and external limits of the market and the government, and the swing between these two points.