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Rationality and uncertainty

Theory and Decision 18 (2):109-127 (1985)

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  1. Has Game Theory Been Refuted?Francesco Guala - 2006 - Journal of Philosophy 103 (5):239-263.
    The answer in a nutshell is: Yes, five years ago, but nobody has noticed. Nobody noticed because the majority of social scientists subscribe to one of the following views: (1) the ‘anomalous’ behaviour observed in standard prisoner’s dilemma or ultimatum game experiments has refuted standard game theory a long time ago; (2) game theory is flexible enough to accommodate any observed choices by ‘refining’ players’ preferences; or (3) it is just a piece of pure mathematics (a tautology). None of these (...)
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  • Are the preference axioms really rational?Paul Anand - 1987 - Theory and Decision 23 (2):189-214.
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  • Essays by Stuart Rachels.Stuart Rachels - unknown
    Over the last fifty years, traditional farming has been replaced by industrial farming. Unlike traditional farming, industrial farming is abhorrently cruel to animals, environmentally destructive, awful for rural America, and wretched for human health. In this essay, I document those facts, explain why the industrial system has become dominant, and argue that we should boycott industrially produced meat. Also, I argue that we should not even kill animals humanely for food, given our uncertainty about which creatures possess a right to (...)
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  • A satisfactory minimum conception of justice: Reconsidering Rawls's maximin argument.Alexander Kaufman - 2013 - Economics and Philosophy 29 (3):349-369.
    John Rawls argues that it is possible to describe a suitably defined initial situation from which to form reliable judgements about justice. In this initial situation, rational persons are deprived of information that is . It is rational, Rawls argues, for persons choosing principles of justice from this standpoint to be guided by the maximin rule. Critics, however, argue that (i) the maximin rule is not the appropriate decision rule for Rawls's choice position; (ii) the maximin argument relies upon an (...)
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  • A Challenge to the Compound Lottery Axiom: A Two-Stage Normative Structure and Comparison to Other Theories.Donald B. Davis - 1994 - Theory and Decision 37 (3):267.
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  • Economics Imperialism and Solution Concepts in Political Science.Jaakko Kuorikoski & Aki Lehtinen - 2010 - Philosophy of the Social Sciences 40 (3):347-374.
    Political science and economic science . . . make use of the same language, the same mode of abstraction, the same instruments of thought and the same method of reasoning. (Black 1998, 354) Proponents as well as opponents of economics imperialism agree that imperialism is a matter of unification; providing a unified framework for social scientific analysis. Uskali Mäki distinguishes between derivational and ontological unification and argues that the latter should serve as a constraint for the former. We explore whether, (...)
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  • Unrealistic assumptions in rational choice theory.Aki Lehtinen & Jaakko Kuorikoski - 2007 - Philosophy of the Social Sciences 37 (2):115-138.
    The most common argument against the use of rational choice models outside economics is that they make unrealistic assumptions about individual behavior. We argue that whether the falsity of assumptions matters in a given model depends on which factors are explanatorily relevant. Since the explanatory factors may vary from application to application, effective criticism of economic model building should be based on model-specific arguments showing how the result really depends on the false assumptions. However, some modeling results in imperialistic applications (...)
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  • Embedded choices.Diego Lanzi - 2010 - Theory and Decision 68 (3):263-280.
    In this article, we present a contextually embedded choice theory. Using concepts and tools of poset mathematics, we show how to include in rational choice theory cultural and social effects. Specifically, we define some choice superstructures, seen as choice set transformations imposed by cultural and social norms. As we shall argue, these transformations can be of help to explain choice behavior within different contexts. Moreover, we show that, once choice superstructures are taken into account, some well-known results about maximizing and (...)
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  • Timing contradictions in von Neumann and Morgenstern's axioms and in savage's?sure-thing? proof.Robin Pope - 1985 - Theory and Decision 18 (3):229-261.
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  • A Critique of Instrumental Reason in Economics.Hamish Stewart - 1994 - Economics and Philosophy 11 (1):57.
    There are, broadly speaking, two ways to think about rationality, as defined in the following passage: ‘Reason’ for a long time meant the activity of understanding and assimilating the eternal ideas which were to function as goals for men. Today, on the contrary, it is not only the business but the essential work of reason to find means for the goals one adopts at any given time. To use what Horkheimer called objective reason, and what others have called expressive or (...)
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  • On three alleged theories of rational behavior.Stuart Rachels - 2009 - Utilitas 21 (4):506-520.
    What behavior is rational? It’s rational to act ethically, some think. Others endorse instrumentalism — it is rational to pursue one’s goals. Still others say that acting rationally always involves promoting one’s self-interest. Many philosophers have given each of these answers. But these answers don’t really conflict; they aren’t vying to describe some shared concept or to solve some mutually acknowledged problem. In so far as this is debated, it is a pseudo-debate. The different uses of ‘rational action’ differ merely (...)
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  • (1 other version)Choices, consequences, and rationality.Walter Bossert - 2001 - Synthese 129 (3):343 - 369.
    A generalized theory of revealed preference is formulated for choice situations where the consequences of choices from given menus are uncertain. In a nonprobabilistic framework, rational choice behavior can be defined by requiring the existence of a preference relation on the set of possible consequences and an extension rule for this relation to the power set of the set of consequences such that the chosen sets of possible outcomes are the best elements in the feasible set according to this extension (...)
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  • The Failure of Expected-Utility Theory as a Theory of Reason.Jean Hampton - 1994 - Economics and Philosophy 10 (2):195.
    Expected-utility theory has been a popular and influential theory in philosophy, law, and the social sciences. While its original developers, von Neumann and Morgenstern, presented it as a purely predictive theory useful to the practitioners of economic science, many subsequent theorists, particularly those outside of economics, have come to endorse EU theory as providing us with a representation of reason. But precisely in what sense does EU theory portray reason? And does it do so successfully? There are two strikingly different (...)
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  • Economics and the laboratory: some philosophical and methodological problems facing experimental economics.Francesco Guala - 1999 - Dissertation, London School of Economics and Political Science
    Laboratory experimentation was once considered impossible or irrelevant in economics. Recently, however, economic science has gone through a real ‘laboratory revolution’, and experimental economics is now a most lively subfield of the discipline. The methodological advantages and disadvantages of controlled experimentation constitute the main subject of this thesis. After a survey of the literature on experiments in philosophy and economics, the problem of testing normative theories of rationality is tackled. This philosophical issue was at the centre of a famous controversy (...)
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