Rational Choice in an Uncertain World

Rational Choice in an Uncertain World PDF Author: Reid Hastie
Publisher: SAGE
ISBN: 1412959039
Category : Business & Economics
Languages : en
Pages : 393

Get Book Here

Book Description
In the Second Edition of Rational Choice in an Uncertain World the authors compare the basic principles of rationality with actual behaviour in making decisions. They describe theories and research findings from the field of judgment and decision making in a non-technical manner, using anecdotes as a teaching device. Intended as an introductory textbook for advanced undergraduate and graduate students, the material not only is of scholarly interest but is practical as well. The Second Edition includes: - more coverage on the role of emotions, happiness, and general well-being in decisions - a summary of the new research on the neuroscience of decision processes - more discussion of the adaptive value of (non-rational heuristics) - expansion of the graphics for decision trees, probability trees, and Venn diagrams.

Rational Choice in an Uncertain World

Rational Choice in an Uncertain World PDF Author: Reid Hastie
Publisher: SAGE
ISBN: 1412959039
Category : Business & Economics
Languages : en
Pages : 393

Get Book Here

Book Description
In the Second Edition of Rational Choice in an Uncertain World the authors compare the basic principles of rationality with actual behaviour in making decisions. They describe theories and research findings from the field of judgment and decision making in a non-technical manner, using anecdotes as a teaching device. Intended as an introductory textbook for advanced undergraduate and graduate students, the material not only is of scholarly interest but is practical as well. The Second Edition includes: - more coverage on the role of emotions, happiness, and general well-being in decisions - a summary of the new research on the neuroscience of decision processes - more discussion of the adaptive value of (non-rational heuristics) - expansion of the graphics for decision trees, probability trees, and Venn diagrams.

Rationality In An Uncertain World

Rationality In An Uncertain World PDF Author: Nick Chater
Publisher: Psychology Press
ISBN: 1135471746
Category : Psychology
Languages : en
Pages : 386

Get Book Here

Book Description
This book brings together an influential sequence of papers that argue for a radical re-conceptualisation of the psychology of inference, and of cognitive science more generally. The papers demonstrate that the thesis that logic provides the basis of human inference is central to much cognitive science, although the commitment to this view is often implicit. They then note that almost all human inference is uncertain, whereas logic is the calculus of certain inference. This mismatch means that logic is not the appropriate model for human thought. Oaksford and Chater's argument draws on research in computer science, artificial intelligence and philosophy of science, in addition to experimental psychology. The authors propose that probability theory, the calculus of uncertain inference, provides a more appropriate model for human thought. They show how a probabilistic account can provide detailed explanations of experimental data on Wason's selection task, which many have viewed as providing a paradigmatic demonstration of human irrationality. Oaksford and Chater show that people's behaviour appears irrational only from a logical point of view, whereas it is entirely rational from a probabilistic perspective. The shift to a probabilistic framework for human inference has significant implications for the psychology of reasoning, cognitive science more generally, and forour picture of ourselves as rational agents.

Rationality for Mortals

Rationality for Mortals PDF Author: Gerd Gigerenzer
Publisher: Oxford University Press
ISBN: 0199890129
Category : Philosophy
Languages : en
Pages : 257

Get Book Here

Book Description
Gerd Gigerenzer's influential work examines the rationality of individuals not from the perspective of logic or probability, but from the point of view of adaptation to the real world of human behavior and interaction with the environment. Seen from this perspective, human behavior is more rational than it might otherwise appear. This work is extremely influential and has spawned an entire research program. This volume (which follows on a previous collection, Adaptive Thinking, also published by OUP) collects his most recent articles, looking at how people use "fast and frugal heuristics" to calculate probability and risk and make decisions. It includes a newly writen, substantial introduction, and the articles have been revised and updated where appropriate. This volume should appeal, like the earlier volumes, to a broad mixture of cognitive psychologists, philosophers, economists, and others who study decision making.

Rationality in an Uncertain World

Rationality in an Uncertain World PDF Author: Gerhard Banse
Publisher: edition sigma
ISBN: 3894049359
Category : Sustainable development
Languages : en
Pages : 314

Get Book Here

Book Description
Die Beiträge dieses Bandes, der aus dem ersten Symposium des ”Forum on Sustainable Technological Development in a Globalising World“ in Budapest hervorgegangen ist, widmen sich zwei Problemstellungen: Erstens der Möglichkeit rationaler Entscheidungen im Bereich technischer Entwicklung unter den Bedingungen von Ungewißheit (”uncertainty“), d.h. dem Verständnis von, dem Leben in und dem Umgang mit einer ”ungewissen“ Welt. Zweitens setzen sie sich mit den Perspektiven technischer Innovationen in einem sich wandelnden sozialen Umfeld auseinander, vorrangig aus der Perspektive ökologischer Nachhaltigkeit und ihrer sozialen Voraussetzungen. Im Mittelpunkt stehen dabei die Themen: Rationalität und Ungewißheit, Nachhaltige Technologien in einer sich wandelnden sozialen Umwelt, Technologiepolitik in einer sich globalisierenden Welt, Schlußfolgerungen für Politik und (universitäre) Bildung. Da die Autoren unterschiedliche Disziplinen der Natur-, Technik-, Sozial- und Geisteswissenschaften sowie Politik und Wirtschaft repräsentieren, ergibt sich ein aufschlußreiches Panorama unterschiedlicher Sichten, Herangehensweisen, Prioritätensetzungen, Lösungsvorschläge und Erfahrungen.

Simply Rational

Simply Rational PDF Author: Gerd Gigerenzer
Publisher:
ISBN: 019939007X
Category : Education
Languages : en
Pages : 329

Get Book Here

Book Description
This volume of collected papers brings together applied and theoretical research on risks and decision making in the fields of medicine, psychology, and economics. Providing many concrete examples, particularly in the domain of healthcare, Gerd Gigerenzer demonstrates why understanding statistics and the psychological processes of heuristic decision making are crucial to both research and everyday life.

Rationality

Rationality PDF Author: Steven Pinker
Publisher: Penguin UK
ISBN: 0241380308
Category : Philosophy
Languages : en
Pages : 272

Get Book Here

Book Description
A TIMES BOOK OF THE YEAR 2021 'Punchy, funny and invigorating ... Pinker is the high priest of rationalism' Sunday Times 'If you've ever considered taking drugs to make yourself smarter, read Rationality instead. It's cheaper, more entertaining, and more effective' Jonathan Haidt, author of The Righteous Mind In the twenty-first century, humanity is reaching new heights of scientific understanding - and at the same time appears to be losing its mind. How can a species that discovered vaccines for Covid-19 in less than a year produce so much fake news, quack cures and conspiracy theorizing? In Rationality, Pinker rejects the cynical cliché that humans are simply an irrational species - cavemen out of time fatally cursed with biases, fallacies and illusions. After all, we discovered the laws of nature, lengthened and enriched our lives and set the benchmarks for rationality itself. Instead, he explains, we think in ways that suit the low-tech contexts in which we spend most of our lives, but fail to take advantage of the powerful tools of reasoning we have built up over millennia: logic, critical thinking, probability, causal inference, and decision-making under uncertainty. These tools are not a standard part of our educational curricula, and have never been presented clearly and entertainingly in a single book - until now. Rationality matters. It leads to better choices in our lives and in the public sphere, and is the ultimate driver of social justice and moral progress. Brimming with insight and humour, Rationality will enlighten, inspire and empower. 'A terrific book, much-needed for our time' Peter Singer

Bounded Rationality

Bounded Rationality PDF Author: Gerd Gigerenzer
Publisher: MIT Press
ISBN: 9780262571647
Category : Business & Economics
Languages : en
Pages : 404

Get Book Here

Book Description
In a complex and uncertain world, humans and animals make decisions under the constraints of limited knowledge, resources, and time. Yet models of rational decision making in economics, cognitive science, biology, and other fields largely ignore these real constraints and instead assume agents with perfect information and unlimited time. About forty years ago, Herbert Simon challenged this view with his notion of "bounded rationality." Today, bounded rationality has become a fashionable term used for disparate views of reasoning. This book promotes bounded rationality as the key to understanding how real people make decisions. Using the concept of an "adaptive toolbox," a repertoire of fast and frugal rules for decision making under uncertainty, it attempts to impose more order and coherence on the idea of bounded rationality. The contributors view bounded rationality neither as optimization under constraints nor as the study of people's reasoning fallacies. The strategies in the adaptive toolbox dispense with optimization and, for the most part, with calculations of probabilities and utilities. The book extends the concept of bounded rationality from cognitive tools to emotions; it analyzes social norms, imitation, and other cultural tools as rational strategies; and it shows how smart heuristics can exploit the structure of environments.

Decision Making and Rationality in the Modern World

Decision Making and Rationality in the Modern World PDF Author: Keith E. Stanovich
Publisher: Oxford University Press, USA
ISBN:
Category : Education
Languages : en
Pages : 212

Get Book Here

Book Description
In Decision Making and Rationality in the Modern World, Keith E. Stanovich demonstrates how work in the cognitive psychology of decision making has implications for the large and theoretically contentious debates about the nature of human rationality. Written specifically for undergraduate psychology students, the book presents a very practical approach to decision making, which is too often perceived by students as an artificial set of skills used only in academia and not in the real world. Instead, Stanovich shows how good decision-making procedures support rational behavior that enables people to act most efficiently to fulfill their goals. He explains how the concept of rationality is understood in cognitive science in terms of good decision making and judgment. Books in the Fundamentals of Cognition series serve as ideal instructional resources for advanced courses in cognitive psychology. They provide an up-to-date, well-organized survey of our current understanding of the major theories of cognitive psychology. The books are concise, which allows instructors to incorporate the latest original research and readings into their courses without overburdening their students. Focused without being too advanced--and comprehensive without being too broad--these books are the perfect resource for both students and instructors.

How Reason Almost Lost Its Mind

How Reason Almost Lost Its Mind PDF Author: Paul Erickson
Publisher: University of Chicago Press
ISBN: 022604677X
Category : History
Languages : en
Pages : 268

Get Book Here

Book Description
In the United States at the height of the Cold War, roughly between the end of World War II and the early 1980s, a new project of redefining rationality commanded the attention of sharp minds, powerful politicians, wealthy foundations, and top military brass. Its home was the human sciences—psychology, sociology, political science, and economics, among others—and its participants enlisted in an intellectual campaign to figure out what rationality should mean and how it could be deployed. How Reason Almost Lost Its Mind brings to life the people—Herbert Simon, Oskar Morgenstern, Herman Kahn, Anatol Rapoport, Thomas Schelling, and many others—and places, including the RAND Corporation, the Center for Advanced Study in the Behavioral Sciences, the Cowles Commission for Research and Economics, and the Council on Foreign Relations, that played a key role in putting forth a “Cold War rationality.” Decision makers harnessed this picture of rationality—optimizing, formal, algorithmic, and mechanical—in their quest to understand phenomena as diverse as economic transactions, biological evolution, political elections, international relations, and military strategy. The authors chronicle and illuminate what it meant to be rational in the age of nuclear brinkmanship.

Fundamental Uncertainty

Fundamental Uncertainty PDF Author: Silva Marzetti Dall'aste Brandolini
Publisher: Springer
ISBN: 0230305687
Category : Business & Economics
Languages : en
Pages : 369

Get Book Here

Book Description
This volume addresses the subject of uncertainty from the point of view of an extended conception of rationality. In particular, the contributions explore the premises and implications of plausible reasoning when probabilities are non-measurable or unknown, and when the space of possible events is only partially identified.