The Limits of rationality /
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 pa...
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| Other Authors: | , , |
| Format: | Book |
| Language: | English |
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Chicago :
University of Chicago Press,
1990
Chicago : [2008] |
| Subjects: |
Table of Contents:
- Cooperation and rationality : notes on the collective action problem and its solutions / Michael Taylor. Comment : on the inadequacy of game theory for the solution of real-world collective action problems / Michael Hechter
- Norm-generating structures / James S. Coleman. Comment : an alternative approach to the generation and maintenance of norms / Stephen J. Majeski
- Reason and rationality / Arthur L. Stinchcombe. Comment : Stinchcombe's "Reason and rationality" / Andrew Abbott
- Managerial dilemmas : political leadership in hierarchies / Gary J. Miller. Comment : applying rational choice theory : the role of leadership in team production / Robert H. Bates and William T. Bianco
- Introduction : the limits of rationality / Margaret Levi [and others]
- When rationality fails / Jon Elster. Comment : what might rationality fail to do? / Geoffrey Brennan
- Rational choice and the framing of decisions / Amos Tversky and Daniel Kahneman
- Choice under uncertainty : problems solved and unsolved / Mark J. Machina. Comment : should a rational agent maximize expected utility? / John Broome
- Rational choice in experimental markets / Charles R. Plott. Comment : individual decision making versus market-level predictions : the applicability of rational choice theory / Karen S. Cook and Jodi A. O'Brien
- De gustibus non est disputandum / George J. Stigler and Gary S. Becker. Comment : De gustibus non est explanandum / Robert E. Goodin
- The social evolution of cooperation / Russell Hardin. Comment : on Russell Hardin's "The social evolution of cooperation" / Carol A. Heimer
- Institutions and their consequences for economic performance / Douglass C. North
- A logic of institutional change / Margaret Levi
- Frontmatter
- CONTENTS
- Acknowledgments
- Introduction: The Limits of Rationality
- 1 When Rationality Fails
- Comment: What Might Rationality Fail to Do?
- 2 Rational Choice and the Framing of Decisions
- 3 Choice Under Uncertainty: Problems Solved and Unsolved
- Comment: Should a Rational Agent Maximize Expected Utility?
- 4 Rational Choice in Experimental Markets
- Comment: Individual Decision Making versus Market-Level Predictions: The Applicability of Rational Choice Theory
- 5 De Gustibus Non Est Disputandum
- Comment: De Gustibus Non Est Explanandum
- 6 Cooperation and Rationality: Notes on the Collective Action Problem and Its Solutions
- Comment: On the Inadequacy of Game Theory for the Solution of Real-World Collective Action Problems
- 7 Norm-Generating Structures
- Comment: An Alternative Approach to the Generation and Maintenance of Norms
- 8 Reason and Rationality
- Comment: Stinchcombe's "Reason and Rationality"
- 9 Managerial Dilemmas: Political Leadership in Hierarchies
- Comment: Applying Rational Choice Theory: The Role of Leadership in Team Production
- 10 The Social Evolution of Cooperation
- Comment: On Russell Hardin's "The Social Evolution of Cooperation"
- 11 Institutions and Their Consequences for Economic Performance
- 12 A Logic of Institutional Change
- List of Contributors
- Index