Giving up on logical reasoning is becoming commonplace in the social sciences. Arguments are made that rationality as the maximisation of self-interest is immoral and impracticable. Rational choice, however, is the paradigm that is most important for understanding human behaviour. D. Kahneman criticised the two extremes of perfect individual rationality and group or collective decision-making in his contribution to the study of human behaviour. The first is harmed by bias, whereas the second is harmed by noise. As a result, there is some sort of paradox here because group ratio- nality could not make up for individual shortcomings. To evaluate actual behaviour, it can be useful to think of rationality as an ideal type. Game theory can be used informally to apply Weber's action frame of reference or expected value maximisation. A causal relationship between the real means used and the actual achievement of the purpose is required in addition to intention.
Author(s) Details:
Jan-Erik Lane,
University of Geneva, Geneva, Switzerland.
Please see the link here: https://stm.bookpi.org/RAASS-V2/article/view/8308
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