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Author: Stephen McCarthy
Publisher: Lexington Books
ISBN: 146163329X
Category : Philosophy
Languages : en
Pages : 291
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Book Description
Deductive Irrationality examines and critiques economic rationalism from the perspective of political philosophy. The essays in this collection analyze not only the work of founders of the discipline of economics, but also political philosophers influential in this founding and select contributors of seminal theories in modern economic thought—namely, Thomas Hobbes, John Locke, Adam Smith, Alfred Marshall, John Maynard Keynes, Friedrich Hayek, Gunnar Myrdal, Robert E. Lucas Jr., and John F. Muth. The main theme linking all of the essays together is that economics is a product of modern rationalism and shares with that rationalism the belief that the only real knowledge is scientific knowledge. Derived from a scientific method modeled on mathematics, this method gives both modern political science and modern economics their abstract character. Adam Smith's contribution to Western thought was more than mere economics; his innovations and his variance from previous thinkers follows Machiavelli in finding human nature in the realistic conception of examining men as how they are, rather than the classical view that we should look to the idea of man's formal excellence. To Smith, humanity emerges from a desire for self-preservation, where every worker competes to exchange the fruits of their labor with that of others. The result is a gap between the world of "common sense" and the world of theory that practitioners in both fields no longer truly understand. By adopting the perspective of political philosophy, the contributors take an approach that is alien to most economists, and in doing so address many of the currents and tensions that underlie modern economic theory and, by implication, the rational choice theory in political science.
Author: Stephen McCarthy
Publisher: Lexington Books
ISBN: 146163329X
Category : Philosophy
Languages : en
Pages : 291
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Book Description
Deductive Irrationality examines and critiques economic rationalism from the perspective of political philosophy. The essays in this collection analyze not only the work of founders of the discipline of economics, but also political philosophers influential in this founding and select contributors of seminal theories in modern economic thought—namely, Thomas Hobbes, John Locke, Adam Smith, Alfred Marshall, John Maynard Keynes, Friedrich Hayek, Gunnar Myrdal, Robert E. Lucas Jr., and John F. Muth. The main theme linking all of the essays together is that economics is a product of modern rationalism and shares with that rationalism the belief that the only real knowledge is scientific knowledge. Derived from a scientific method modeled on mathematics, this method gives both modern political science and modern economics their abstract character. Adam Smith's contribution to Western thought was more than mere economics; his innovations and his variance from previous thinkers follows Machiavelli in finding human nature in the realistic conception of examining men as how they are, rather than the classical view that we should look to the idea of man's formal excellence. To Smith, humanity emerges from a desire for self-preservation, where every worker competes to exchange the fruits of their labor with that of others. The result is a gap between the world of "common sense" and the world of theory that practitioners in both fields no longer truly understand. By adopting the perspective of political philosophy, the contributors take an approach that is alien to most economists, and in doing so address many of the currents and tensions that underlie modern economic theory and, by implication, the rational choice theory in political science.
Author: David Christensen
Publisher: Oxford University Press
ISBN: 0199263256
Category : Mathematics
Languages : en
Pages : 200
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Book Description
What role, if any, does formal logic play in characterizing epistemically rational belief? Traditionally, belief is seen in a binary way - either one believes a proposition, or one doesn't. Given this picture, it is attractive to impose certain deductive constraints on rational belief: that one's beliefs be logically consistent, and that one believe the logical consequences of one's beliefs. A less popular picture sees belief as a graded phenomenon. This picture (explored more bydecision-theorists and philosophers of science thatn by mainstream epistemologists) invites the use of probabilistic coherence to constrain rational belief. But this latter project has often involved defining graded beliefs in terms of preferences, which may seem to change the subject away fromepistemic rationality.Putting Logic in its Place explores the relations between these two ways of seeing beliefs. It argues that the binary conception, although it fits nicely with much of our commonsense thought and talk about belief, cannot in the end support the traditional deductive constraints on rational belief. Binary beliefs that obeyed these constraints could not answer to anything like our intuitive notion of epistemic rationality, and would end up having to be divorced from central aspects of ourcognitive, practical, and emotional lives.But this does not mean that logic plays no role in rationality. Probabilistic coherence should be viewed as using standard logic to constrain rational graded belief. This probabilistic constraint helps explain the appeal of the traditional deductive constraints, and even underlies the force of rationally persuasive deductive arguments. Graded belief cannot be defined in terms of preferences. But probabilistic coherence may be defended without positing definitional connections between beliefsand preferences. Like the traditional deductive constraints, coherence is a logical ideal that humans cannot fully attain. Nevertheless, it furnishes a compelling way of understanding a key dimension of epistemic rationality.
Author: Ruth M. J. Byrne
Publisher: MIT Press
ISBN: 9780262261845
Category : Psychology
Languages : en
Pages : 284
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Book Description
The human imagination remains one of the last uncharted terrains of the mind. This accessible and original monograph explores a central aspect of the imagination, the creation of counterfactual alternatives to reality, and claims that imaginative thoughts are guided by the same principles that underlie rational thoughts. Research has shown that rational thought is more imaginative than cognitive scientists had supposed; in The Rational Imagination, Ruth Byrne argues that imaginative thought is more rational than scientists have imagined. People often create alternatives to reality and imagine how events might have turned out "if only" something had been different. Byrne explores the "fault lines" of reality, the aspects of reality that are more readily changed in imaginative thoughts. She finds that our tendencies to imagine alternatives to actions, controllable events, socially unacceptable actions, causal and enabling relations, and events that come last in a temporal sequence provide clues to the cognitive processes upon which the counterfactual imagination depends. The explanation of these processes, Byrne argues, rests on the idea that imaginative thought and rational thought have much in common.
Author: Riccardo Viale
Publisher: Routledge
ISBN: 1317330803
Category : Business & Economics
Languages : en
Pages : 681
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Book Description
Herbert Simon’s renowned theory of bounded rationality is principally interested in cognitive constraints and environmental factors and influences which prevent people from thinking or behaving according to formal rationality. Simon’s theory has been expanded in numerous directions and taken up by various disciplines with an interest in how humans think and behave. This includes philosophy, psychology, neurocognitive sciences, economics, political science, sociology, management, and organization studies. The Routledge Handbook of Bounded Rationality draws together an international team of leading experts to survey the recent literature and the latest developments in these related fields. The chapters feature entries on key behavioural phenomena, including reasoning, judgement, decision making, uncertainty, risk, heuristics and biases, and fast and frugal heuristics. The text also examines current ideas such as fast and slow thinking, nudge, ecological rationality, evolutionary psychology, embodied cognition, and neurophilosophy. Overall, the volume serves to provide the most complete state-of-the-art collection on bounded rationality available. This book is essential reading for students and scholars of economics, psychology, neurocognitive sciences, political sciences, and philosophy.
Author: Lisa Bortolotti
Publisher: John Wiley & Sons
ISBN: 074568727X
Category : Psychology
Languages : en
Pages : 138
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Book Description
We talk about irrationality when behaviour defies explanation or prediction, when decisions are driven by emotions or instinct rather than by reflection, when reasoning fails to conform to basic principles of logic and probability, and when beliefs lack coherence or empirical support. Depending on the context, agents exhibiting irrational behaviour may be described as foolish, ignorant, unwise or even insane. In this clear and engaging introduction to current debates on irrationality, Lisa Bortolotti presents the many facets of the concept and offers an original account of the importance of judgements of irrationality as value judgements. The book examines the standards against which we measure human behaviour, and reviews the often serious implications of judgements of irrationality for ethics and policy. Bortolotti argues that we should adopt a more critical stance towards accepted standards of rationality in the light of the often surprising outcomes of philosophical inquiry and cognitive science research into decision making. Irrationality is an accessible guide to the concept and will be essential reading for students and scholars interested in the limitations of human cognition and human agency.
Author: Lance J. Rips
Publisher: MIT Press
ISBN: 0262517213
Category : Psychology
Languages : en
Pages : 465
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Book Description
Lance Rips describes a unified theory of natural deductive reasoning and fashions a working model of deduction, with strong experimental support, that is capable of playing a central role in mental life. In this provocative book, Lance Rips describes a unified theory of natural deductive reasoning and fashions a working model of deduction, with strong experimental support, that is capable of playing a central role in mental life. Rips argues that certain inference principles are so central to our notion of intelligence and rationality that they deserve serious psychological investigation to determine their role in individuals' beliefs and conjectures. Asserting that cognitive scientists should consider deductive reasoning as a basis for thinking, Rips develops a theory of natural reasoning abilities and shows how it predicts mental successes and failures in a range of cognitive tasks. In parts I and II of the book, Rips builds insights from cognitive psychology, logic, and artificial intelligence into a unified theoretical structure. He defends the idea that deduction depends on the ability to construct mental proofs—actual memory units that link given information to conclusions it warrants. From this base Rips develops a computational model of deduction based on two cognitive skills: the ability to make suppositions or assumptions and the ability to posit sub-goals for conclusions. A wide variety of original experiments support this model, including studies of human subjects evaluating logical arguments as well as following and remembering proofs. Unlike previous theories of mental proof, this one handles names and variables in a general way. This capability enables deduction to play a crucial role in other thought processes, such as classifying and problem solving. In part III, Rips compares the theory to earlier approaches in psychology which confined the study of deduction to a small group of tasks, and examines whether the theory is too rational or too irrational in its mode of thought.
Author: Maurice Godelier
Publisher: Verso Books
ISBN: 1781689857
Category : Social Science
Languages : en
Pages : 414
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Book Description
This book is the result of a research project begun by the author in 1958 with the aim of answering two questions: First, what is the rationality of the economic systems that appear and disappear throughout history-in other words, what is their hidden logic and the underlying necessity for them to exist, or to have existed? Second, what are the conditions for a rational understanding of these systems-in other words, for a fully developed comparative economic science? The field of investigation opened up by these two questions is vast, touching on the foundations of social reality and on how to understand them. The author, being a Marxist, sought the answers, as he writes, 'not in philosophy or by philosophical means, but in and through examining the knowledge accumulated by the sciences.' The stages of his journey from philosophy to economics and then to anthropology are indicated by the divisions of his book. Godelier rejects, at the outset, any attempt to tackle the question of rationality or irrationality of economic science and of economic realities from the angle of an a priori idea, a speculative definition of what is rational. Such an approach can yield only, he feels, an ideological result. Rather, he treats the appearance and disappearance of social and economic systems in history as being governed by a necessity 'wholly internal to the concrete structures of social life.
Author: Richard B. McKenzie
Publisher: Springer Science & Business Media
ISBN: 3642015867
Category : Business & Economics
Languages : en
Pages : 319
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Book Description
Mainstream economists everywhere exhibit an "irrational passion for dispassionate rationality." Behavioral economists, and long-time critic of mainstream economics suggests that people in mainstrean economic models "can think like Albert Einstein, store as much memory as IBM’s Big Blue, and exercise the will power of Mahatma Gandhi," suggesting that such a view of real world modern homo sapiens is simply wrongheaded. Indeed, Thaler and other behavioral economists and psychology have documented a variety of ways in which real-world people fall far short of mainstream economists' idealized economic actor, perfectly rational homo economicus. Behavioral economist Daniel Ariely has concluded that real-world people not only exhibit an array of decision-making frailties and biases, they are "predictably irrational," a position now shared by so many behavioral economists, psychologists, sociologists, and evolutionary biologists that a defense of the core rationality premise of modedrn economics is demanded.
Author: Linden J. Ball
Publisher: Taylor & Francis
ISBN: 1000899446
Category : Psychology
Languages : en
Pages : 727
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Book Description
This unique textbook explores core cognitive psychology topics from an innovative new perspective, focusing on key real-world issues to show how we understand and experience the world. The book examines compelling topics such as creativity, problem-solving, reasoning, rationality and language, all within the context of modern 21st century life. Each chapter demonstrates how this vibrant and constantly evolving discipline is at the heart of some of the biggest issues facing us all today. The last chapter discusses the future of cognitive psychology, which includes guidance on conducting rigorous, replicable research and how to use skills from cognitive psychology to be an effective student. Packed with pedagogical features, each chapter includes boxed examples of cognitive psychology in the real world and engaging ‘try it yourself’ features. Each chapter also includes objectives, a range of illustrative figures, chapter summaries, key readings and a glossary for ease of use. The book is fully supported by original online resources for students and instructors. Offering a new model for the study of cognitive psychology that brings the subject alive, the book is essential reading for all students studying psychology and related disciplines.
Author: Renee Elio
Publisher: Oxford University Press
ISBN: 0198033680
Category : Philosophy
Languages : en
Pages : 294
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Book Description
As the eleventh volume in the New Directions in Cognitive Science series (formerly the Vancouver Studies in Cognitive Science series), this work promises superb scholarship and interdisciplinary appeal. It addresses three areas of current and varied interest: common sense, reasoning, and rationality. While common sense and rationality often have been viewed as two distinct features in a unified cognitive map, this volume offers novel, even paradoxical, views of the relationship. Comprised of outstanding essays from distinguished philosophers, it considers what constitutes human rationality, behavior, and intelligence covering diverse areas of philosophy, psychology, cognitive science, and computer science. Indeed, it is at the forefront of cognitive research and promises to be of unprecedented influence across numerous disciplines.
