Results for 'critical thinking, rationality, heuristics, biases, rational choice theory, evaluative rationality, epistemic rationality, instrumental rationality, cognitive psychology, behavioral economics'

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  1. Enhancing Rationality: Heuristics, Biases, and The Critical Thinking Project.Mark Battersby - 2016 - Informal Logic 36 (2):99-120.
    : This paper develops four related claims: 1. Critical thinking should focus more on decision making, 2. the heuristics and bias literature developed by cognitive psychologists and behavioral economists provides many insights into human irrationality which can be useful in critical thinking instruction, 3. unfortunately the “rational choice” norms used by behavioral economists to identify “biased” decision making narrowly equate rational decision making with the efficient pursuit of individual satisfaction; deviations from these (...)
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  2.  2
    Rediscovering Homo Sapiens in International Politics: Evolution and Rationality’s Missing Link.Dominic D. P. Johnson - 2024 - Critical Review: A Journal of Politics and Society 36 (4):483-514.
    In How States Think, John Mearsheimer and Sebastian Rosato argue that the two dominant approaches to decision-making in international politics—rational choice theory and political psychology—are fundamentally flawed. Instead, they propose a model of rationality in which individuals use “credible theories” of how the world works to guide their assessments, and elites deliberate over these theories to determine foreign policy. I suggest that existing theory is too hastily rejected, and that these apparently opposing models can be reconciled by taking (...)
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  3.  71
    Is Economic Rationality in the Head?Kevin Vallier - 2015 - Minds and Machines 25 (4):339-360.
    Many economic theorists hold that social institutions can lead otherwise irrational agents to approximate the predictions of traditional rational choice theory. But there is little consensus on how institutions do so. I defend an economic internalist account of the institution-actor relationship by explaining economic rationality as a feature of individuals whose decision-making is aided by institutional structures. This approach, known as the subjective transaction costs theory, represents apparently irrational behavior as a rational response to high subjective transaction (...)
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  4. Cooperation, psychological game theory, and limitations of rationality in social interaction.Andrew M. Colman - 2003 - Behavioral and Brain Sciences 26 (2):139-153.
    Rational choice theory enjoys unprecedented popularity and influence in the behavioral and social sciences, but it generates intractable problems when applied to socially interactive decisions. In individual decisions, instrumental rationality is defined in terms of expected utility maximization. This becomes problematic in interactive decisions, when individuals have only partial control over the outcomes, because expected utility maximization is undefined in the absence of assumptions about how the other participants will behave. Game theory therefore incorporates not only (...)
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  5.  36
    The normative and descriptive weaknesses of behavioral economics-informed nudge: depowered paternalism and unjustified libertarianism.Riccardo Viale - 2018 - Mind and Society 17 (1):53-69.
    The article aims to demonstrate that the nudge theory suffers from three main weaknesses stemming from its theoretical dependence on behavioural economics. The first two weaknesses endanger the paternalistic goal, whereas the third does not justify the libertarian attribute. The first weakness lies in the incomplete realistic characterisation of behavioural economics theory that is the central theoretical pillar of Nudge theory. The second weakness is even more relevant. The normative model of behavioural economics is neoclassical rationality. It (...)
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  6.  40
    Scientific innovation as eco-epistemic warfare: the creative role of on-line manipulative abduction.Lorenzo Magnani - 2013 - Mind and Society 12 (1):49-59.
    Humans continuously delegate and distribute cognitive functions to the environment to lessen their limits. They build models, representations, and other various mediating structures, that are thought to be good to think. The case of scientific innovation is particularly important: the main aim of this paper is to revise and criticize the concept of scientific innovation, reframing it in what I will call an eco-epistemic perspective, taking advantage of recent results coming from the area of distributed cognition (common coding) (...)
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  7. Reason Better: An Interdisciplinary Guide to Critical Thinking.David Manley - 2019 - Toronto, ON, Canada: Tophat Monocle.
    This book is the result of rethinking the standard playbook for critical thinking courses, to include only the most useful skills from the toolkits of philosophy, cognitive psychology, and behavioral economics. -/- The text focuses on: -/- - a mindset that avoids systematic error, more than the ability to persuade others - the logic of probability and decisions, more than than the logic of deductive arguments - a unified treatment of evidence, covering statistical, causal, and best-explanation (...)
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  8.  10
    Toward a third-generation rational choice theory: the multiple player approach to collective action problems.Urs Steiner Brandt, Anders Poulsen & Gert Tinggaard Svendsen - 2024 - Mind and Society 23 (1):99-122.
    This paper aims to contribute to the development of a “third-generation” rational choice theory by introducing a Multiple Player Approach for analysing collective action problems. Drawing on the foundational first and second generation works of Olson (The logic of collective action, Cambridge University Press, Cambridge, 1965) and Ostrom (Scand Polit Stud 23(1):3–16), we introduce five player types that we believe capture essential empirical features of many real world collective action problems: Blind Riders, Tough Riders, Hard Riders, Easy Riders, (...)
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  9.  90
    Economic Behavior—Evolutionary Versus Behavioral Perspectives.Ulrich Witt - 2011 - Biological Theory 6 (4):388-398.
    Behavioral economics focuses mainly on how limitations of the human cognitive apparatus, risk attitudes, and human sociality affect decision making. The former two lead to deviations from rationality standards, the latter to deviations from rational self-interest. Some of these research interests are also shared by evolutionary psychology which, however, explains the observed deviations by features of the human genetic endowment conjectured to have evolved under fierce selection pressure in early human phylogeny. Important as the decision-making theoretical (...)
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  10.  68
    Rational Choice and Rational Cognition.Jules L. Coleman - 1997 - Legal Theory 3 (2):183-203.
    There is a close but largely unexplored connection between law and economics and cognitive psychology. Law and economics applies economic models, modes of analysis, and argument to legal problems. Economic theory can be applied to legal problems for predictive, explanatory, or evaluative purposes. In explaining or assessing human action, economic theory presupposes a largely unarticulated account of rational, intentional action. Philosophers typically analyze intentional action in terms ofdesiresandbeliefs. I intend to perform some action because Ibelievethat (...)
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  11.  34
    Kahneman's Failed Revolution Against Economic Orthodoxy.Zeljka Buturovic & Slavisa Tasic - 2015 - Critical Review: A Journal of Politics and Society 27 (2):127-145.
    ABSTRACTThe work of Daniel Kahneman and his colleagues has established that people do not always think and act “rationally.” However, this amounts to saying that Kahneman and his collaborators interpret people's behavior in experimental settings to be inconsistent with the narrow understanding of rationality deployed by orthodox neoclassical economists. Whether this means that people make poor decisions in the real world, however, has not been demonstrated, a fact that calls into doubt the significance of the list of heuristics and biases (...)
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  12.  26
    Ecological rationality and economics: where the Twain shall meet.Andreas Ortmann & Leonidas Spiliopoulos - 2023 - Synthese 201 (4):1-30.
    Over the past decades psychological theories have made significant headway into economics, culminating in the 2002 (partially) and 2017 Nobel prizes awarded for work in the field of Behavioral Economics. Many of the insights imported from psychology into economics share a common trait: the presumption that decision makers use shortcuts that lead to deviations from rational behaviour (the Heuristics-and-Biases program). Many economists seem unaware that this viewpoint has long been contested in cognitive psychology. Proponents (...)
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  13.  34
    Resource-rational contractualism: A triple theory of moral cognition.Sydney Levine, Nick Chater, Joshua B. Tenenbaum & Fiery Cushman - forthcoming - Behavioral and Brain Sciences:1-38.
    It is widely agreed upon that morality guides people with conflicting interests towards agreements of mutual benefit. We therefore might expect numerous proposals for organizing human moral cognition around the logic of bargaining, negotiation, and agreement. Yet, while “contractualist” ideas play an important role in moral philosophy, they are starkly underrepresented in the field of moral psychology. From a contractualist perspective, ideal moral judgments are those that would be agreed to by rational bargaining agents—an idea with wide-spread support in (...)
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  14.  51
    Poverty Knowledge, Coercion, and Social Rights: A Discourse Ethical Contribution to Social Epistemology.David Ingram - unknown
    In today’s America the persistence of crushing poverty in the midst of staggering affluence no longer incites the righteous jeremiads it once did. Resigned acceptance of this paradox is fueled by a sense that poverty lies beyond the moral and technical scope of government remediation. The failure of experts to reach agreement on the causes of poverty merely exacerbates our despair. Are the causes internal to the poor – reflecting their more or less voluntary choices? Or do they emanate from (...)
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  15. Mechanizmy predykcyjne i ich normatywność [Predictive mechanisms and their normativity].Michał Piekarski - 2020 - Warszawa, Polska: Liberi Libri.
    The aim of this study is to justify the belief that there are biological normative mechanisms that fulfill non-trivial causal roles in the explanations (as formulated by researchers) of actions and behaviors present in specific systems. One example of such mechanisms is the predictive mechanisms described and explained by predictive processing (hereinafter PP), which (1) guide actions and (2) shape causal transitions between states that have specific content and fulfillment conditions (e.g. mental states). Therefore, I am guided by a specific (...)
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  16.  23
    Models of Cognition and Their Applications in Behavioral Economics: A Conceptual Framework for Nudging Derived From Behavior Analysis and Relational Frame Theory.Marco Tagliabue, Valeria Squatrito & Giovambattista Presti - 2019 - Frontiers in Psychology 10:484958.
    This study puts forward a rounder conceptual model for interpreting short and long-term effects of choice behavior. Kahneman’s (2011) distinction between cognitive processing System 1 and System 2 reflect the more rigorous distinction between Brief and Immediate and Extended and Elaborated Relational Responding. Specifically, we provide theoretical accounts and applied examples of how nudging, or the manipulation of environmental contingencies, works on the creation and modification of relational frames. The subset denominated educational nudges, or boosts, are particularly useful (...)
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  17. On Folk Epistemology. How we think and talk about knowledge.Mikkel Gerken - 2017 - Oxford: Oxford University Press.
    On Folk Epistemology explores how we ascribe knowledge to ourselves and others. Empirical evidence suggests that we do so early and often in thought as well as in talk. Since knowledge ascriptions are central to how we navigate social life, it is important to understand our basis for making them. -/- A central claim of the book is that factors that have nothing to do with knowledge may lead to systematic mistakes in everyday ascriptions of knowledge. These mistakes are explained (...)
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  18.  27
    Conviction Narrative Theory: A theory of choice under radical uncertainty.Samuel G. B. Johnson, Avri Bilovich & David Tuckett - 2023 - Behavioral and Brain Sciences 46:e82.
    Conviction Narrative Theory (CNT) is a theory of choice underradical uncertainty– situations where outcomes cannot be enumerated and probabilities cannot be assigned. Whereas most theories of choice assume that people rely on (potentially biased) probabilistic judgments, such theories cannot account for adaptive decision-making when probabilities cannot be assigned. CNT proposes that people usenarratives– structured representations of causal, temporal, analogical, and valence relationships – rather than probabilities, as the currency of thought that unifies our sense-making and decision-making faculties. According (...)
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  19.  70
    Folk-economic beliefs: An evolutionary cognitive model.Pascal Boyer & Michael Bang Petersen - 2018 - Behavioral and Brain Sciences 41:e158.
    The domain of “folk-economics” consists in explicit beliefs about the economy held by laypeople, untrained in economics, about such topics as, for example, the causes of the wealth of nations, the benefits or drawbacks of markets and international trade, the effects of regulation, the origins of inequality, the connection between work and wages, the economic consequences of immigration, or the possible causes of unemployment. These beliefs are crucial in forming people's political beliefs and in shaping their reception of (...)
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  20. The “Rationality Wars” in Psychology: Where They Are and Where They Could Go.Thomas Sturm - 2012 - Inquiry: An Interdisciplinary Journal of Philosophy 55 (1):66-81.
    Current psychology of human reasoning is divided into several different approaches. For instance, there is a major dispute over the question whether human beings are able to apply norms of the formal models of rationality such as rules of logic, or probability and decision theory, correctly. While researchers following the “heuristics and biases” approach argue that we deviate systematically from these norms, and so are perhaps deeply irrational, defenders of the “bounded rationality” approach think not only that the evidence for (...)
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  21.  22
    Behavioral Economics and the Public Acceptance of Synthetic Biology.Adam Oliver - 2018 - Hastings Center Report 48 (S1):50-55.
    Different applications of synthetic biology are alike in that their possible negative consequences are highly uncertain, potentially catastrophic, and perhaps irreversible; therefore, they are also alike in that public attitudes about them are fertile ground for behavioral economic phenomena. Findings from behavioral economics suggest that people may not respond to such applications according to the normal rules of economic evaluation, by which the value of an outcome is multiplied by the mathematical probability that the outcome will occur. (...)
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  22.  67
    “To navigate safely in the vast sea of empirical facts”: Ontology and methodology in behavioral economics.Erik Angner - 2015 - Synthese 192 (11):3557-3575.
    This paper examines issues of ontology and methodology in behavioral economics: the attempt to increase the explanatory and predictive power of economic theory by providing it with more psychologically plausible foundations. Of special interest is the epistemological status of neoclassical economic theory within behavioral economics, the runaway success story of contemporary economics. Behavioral economists aspire to replace the fundamental assumptions of orthodox, neoclassical economic theory. Yet, behavioral economists have gone out of their way (...)
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  23.  78
    The quest for optimality: A positive heuristic of science?Paul J. H. Schoemaker - 1991 - Behavioral and Brain Sciences 14 (2):205-215.
    This paper examines the strengths and weaknesses of one of science's most pervasive and flexible metaprinciples;optimalityis used to explain utility maximization in economics, least effort principles in physics, entropy in chemistry, and survival of the fittest in biology. Fermat's principle of least time involves both teleological and causal considerations, two distinct modes of explanation resting on poorly understood psychological primitives. The rationality heuristic in economics provides an example from social science of the potential biases arising from the extreme (...)
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  24.  41
    On the Cognitive Argument for Cost-Benefit Analysis.Andreas Christiansen - 2018 - Ethical Theory and Moral Practice 21 (2):217-230.
    In a number of writings, Cass Sunstein has argued that we should use cost-benefit analysis as our primary approach to risk management, because cost-benefit analysis corrects for the cognitive biases that mar our thinking about risk. The paper critically evaluates this ‘cognitive argument for cost-benefit analysis’ and finds it wanting. Once we make distinctions between different cognitive errors and between different aspects of cost-benefit analysis, it becomes apparent that there are really two cognitive arguments, neither of (...)
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  25.  63
    Cognitive bias, situationism, and virtue reliabilism.Steven Bland - 2018 - Synthese 198 (1):471-490.
    Mark Alfano claims that the heuristics and biases literature supports inferential cognitive situationism, i.e., the view that most of our inferential beliefs are arrived at and retained by means of unreliable heuristics rather than intellectual virtues. If true, this would present virtue reliabilists with an unpleasant choice: they can either accept inferential skepticism, or modify or abandon reliabilism. Alfano thinks that the latter course of action is most plausible, and several reliabilists seem to agree. I argue that this (...)
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  26.  36
    Vagueness and Rationality in Language Use and Cognition.Richard Dietz (ed.) - 2019 - Springer Verlag.
    This volume presents new conceptual and experimental studies which investigate the connection between vagueness and rationality from various systematic directions, such as philosophy, linguistics, cognitive psychology, computing science, and economics. Vagueness in language use and cognition has traditionally been interpreted in epistemic or semantic terms. The standard view of vagueness specifically suggests that considerations of agency or rationality, broadly conceived, can be left out of the equation. Most recently, new literature on vagueness has been released which suggests (...)
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  27.  34
    Re-assessing the Heuristics debate.Andrea Polonioli - 2013 - Mind and Society 12 (2):263-271.
    Mark Kelman’s recent book, The Heuristics Debate (HD), has two main goals. First, it seeks to reconstruct the controversy in decision science between Kahneman et al.’s heuristics-and-biases approach and Gigerenzer et al.’s fast-and-frugal heuristics approach. Second, it tries to discuss its implications for jurisprudence and policy-making. This study focuses on the first task only. The study attempts to show that, although HD has several important merits, its interpretation of the controversy misses some crucial aspects. Specifically, HD fails to appreciate that (...)
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  28.  78
    Rational choice as critical theory.Heath Joseph - 1996 - Philosophy and Social Criticism 22 (5):43-62.
    Habermas has argued that many of the endemic socio- economic problems of Western society are either symptoms or prod ucts of a 'lopsided' process of cultural rationalization, one that has emphasized instrumental forms of rationality over communicative. But other than presenting a rather general typology of lifeworld pathologies, Habermas has not done much to specify what these problems might be, nor has he provided any 'middle-range' analysis of the mechanisms through which they might be generated. This paper discusses some (...)
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  29. Beyond circularity and normativity: Measurement and progress in behavioral economics.Michiru Nagatsu - 2010 - Philosophy of the Social Sciences 40 (2):265-290.
    This article assesses two major conceptual arguments against theories of choice.The first argument concerns the circularity of belief-desire psychology, on which decision theory is based. The second argument concerns the normativity arising from the concept of rationality. Each argument is evaluated against experimental practice in economics and psychology, and it is concluded that both arguments fail to establish their skeptical conclusion that there can be no science of intentional human actions.
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  30. Ecological Thinking: The Politics of Epistemic Location.Lorraine Code - 2006 - New York, US: OUP Usa.
    Arguing that ecological thinking can animate an epistemology capable of addressing feminist, multicultural, and other post-colonial concerns, this book critiques the instrumental rationality, hyperbolized autonomy, abstract individualism, and exploitation of people and places that western epistemologies of mastery have legitimated. It proposes a politics of epistemic location, sensitive to the interplay of particularity and diversity, and focused on responsible epistemic practices. Starting from an epistemological approach implicit in Rachel Carson’s scientific projects, the book draws, constructively and critically, (...)
  31.  79
    Towards a descriptivist psychology of reasoning and decision making.Jonathan St Bt Evans & Shira Elqayam - 2011 - Behavioral and Brain Sciences 34 (5):275-290.
    Our target article identified normativism as the view that rationality should be evaluated against unconditional normative standards. We believe this to be entrenched in the psychological study of reasoning and decision making and argued that it is damaging to this empirical area of study, calling instead for a descriptivist psychology of reasoning and decision making. The views of 29 commentators (from philosophy and cognitive science as well as psychology) were mixed, including some staunch defences of normativism, but also a (...)
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  32. An epistemological plea for methodological individualism and rational choice theory in cognitive rhetoric.Alban Bouvier - 2002 - Philosophy of the Social Sciences 32 (1):51-70.
    Some current attempts to go beyond the narrow scope of rational choice theory (RCT) in the social sciences and the artificial reconstructions it sometimes provides focus on the arguments that people give to justify their beliefs and behaviors themselves. But the available argumentation theories are not constructed to fill this gap. This article argues that relevance theory, on the contrary, suggests interesting tracks. This provocative idea requires a rereading of Sperber and Wilson's theory. Actually, the authors do not (...)
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  33. Facing Epistemic Authorities: Where Democratic Ideals and Critical Thinking Mislead Cognition.Thomas Grundmann - 2021 - In Sven Bernecker, Amy K. Flowerree & Thomas Grundmann, The Epistemology of Fake News. New York, NY: Oxford University Press.
    Disrespect for the truth, the rise of conspiracy thinking, and a pervasive distrust in experts are widespread features of the post-truth condition in current politics and public opinion. Among the many good explanations of these phenomena there is one that is only rarely discussed: that something is wrong with our deeply entrenched intellectual standards of (i) using our own critical thinking without any restriction and (ii) respecting the judgment of every rational agent as epistemically relevant. In this paper, (...)
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  34. The Diversity of Rational Choice Theory: A Review Note.Catherine Https://Orcidorg Herfeld - 2020 - Topoi 39 (2):329-347.
    In this paper, I review the literature on rational choice theory to scrutinize a number of criticisms that philosophers have voiced against its usefulness in economics. The paper has three goals: first, I argue that the debates about RCT have been characterized by disunity and confusion about the object under scrutiny, which calls into question the effectiveness of those criticisms. Second, I argue that RCT is not a single and unified choice theory—let alone an empirical theory (...)
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  35.  30
    Bounded rationality: from fast and frugal heuristics to logic programming and back.Francisco Vargas, Laura Martignon & Keith Stenning - 2023 - Mind and Society 22 (1):33-51.
    The notion of “bounded rationality” was introduced by Simon as an appropriate framework for explaining how agents reason and make decisions in accordance with their computational limitations and the characteristics of the environments in which they exist (seen metaphorically as two complementary scissor blades).We elaborate on how bounded rationality is usually conceived in psychology and on its relationship with logic. We focus on the relationship between heuristics and some non-monotonic logical systems. These two categories of cognitive tools share fundamental (...)
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  36.  84
    Selfishness examined: Cooperation in the absence of egoistic incentives.Linnda R. Caporael, Robyn M. Dawes, John M. Orbell & Alphons J. C. van de Kragt - 1989 - Behavioral and Brain Sciences 12 (4):683-699.
    Social dilemmas occur when the pursuit of self-interest by individuals in a group leads to less than optimal collective outcomes for everyone in the group. A critical assumption in the human sciences is that people's choices in such dilemmas are individualistic, selfish, and rational. Hence, cooperation in the support of group welfare will only occur if there are selfish incentives that convert the social dilemma into a nondilemma. In recent years, inclusive fitness theories have lent weight to such (...)
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  37.  70
    Dual Process Theories in Behavioral Economics and Neuroeconomics: a Critical Review.James D. Grayot - 2020 - Review of Philosophy and Psychology 11 (1):105-136.
    Despite their popularity, dual process accounts of human reasoning and decision-making have come under intense scrutiny in recent years. Cognitive scientists and philosophers alike have come to question the theoretical foundations of the ‘standard view’ of dual process theory and have challenged the validity and relevance of evidence in support of it. Moreover, attempts to modify and refine dual process theory in light of these challenges have generated additional concerns about its applicability and refutability as a scientific theory. With (...)
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  38.  17
    (1 other version)“Though This Be Madness, Yet There Is Method in ’T”: A Positive Account of Madness.Valentina Cardella - 2023 - Philosophy Psychiatry and Psychology 30 (4):305-306.
    In lieu of an abstract, here is a brief excerpt of the content:“Though This Be Madness, Yet There Is Method in ’T”A Positive Account of MadnessValentina Cardella, PhD (bio)What does it mean to be mad? How can we define mental disorder? The question is still widely discussed among psychiatrists and philosophers, and what exactly distinguishes sanity and insanity remains unclear. Despite this lack of clarity, the common conceptualization of madness is that mental disorders are impairments in rationality: people with mental (...)
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  39.  17
    Why might negative mood help or hinder inhibitory performance? An exploration of thinking styles using a Navon induction.Martyn Sean Gabel & Tara McAuley - 2022 - Cognition and Emotion 36 (4):705-712.
    Theories of affective influences on cognition posit that negative mood may increase cognitive load, causing a decrement in task performance (Seibert & Ellis, [1991]. Irrelevant thoughts, emotional mood states, and cognitive task performance. Memory & Cognition, 19(5), 507–513), or cause a shift to more analytic thinking, which benefits tasks requiring attention to detail (Schwarz & Clore, [1983]. Mood, misattribution, and judgments of well-being: Informative and directive functions of affective states. Journal of Personality and Social Psychology, 45(3), 513–523). We (...)
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  40.  12
    Values in Science. The role of cognitive and non-cognitive values in science.Silvia Ivani - 2020 - Dissertation, Tilburg University
    Should scientists value simple theories? Is fruitfulness an important criterion to assess scientific theories? What role moral, social, and political values should have in the assessment of scientific theories? In recent years, there has been an increasing interest among philosophers of science in studying how cognitive and non-cognitive values influence and should influence the assessment and comparison of scientific theories. While cognitive values (such as simplicity and fruitfulness) are features of scientific theories that are indicative of the (...)
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  41.  32
    Behavioral Political Economy and Democratic Theory: Fortifying Democracy for the Digital Age.Petr Špecián - 2022 - Londýn, Velká Británie: Routledge Frontiers of Political Economy.
    Drawing on current debates at the frontiers of economics, psychology, and political philosophy, this book explores the challenges that arise for liberal democracies from a confrontation between modern technologies and the bounds of human rationality. With the ongoing transition of democracy's underlying information economy into the digital space, threats of disinformation and runaway political polarization have been gaining prominence. Employing the economic approach informed by behavioral sciences' findings, the book's chief concern is how these challenges can be addressed (...)
  42. Moral Choice and Rational Choice: Grappling with Moral Dilemmas Rationally.Sung-hak Kang - 1990 - Dissertation, The University of Texas at Austin
    Representing moral choice as a function of rational choice is carried out by formalizing moral evaluation into a functional mechanism called "Moral Choice Function" whose domain is information on a state of affairs and range is a moral judgment, and upon which formal and substantive requirements are imposed. The notions such as impartiality, universalizability, proportionality, and informational invariance are employed for the issue of how to solve conflict of values faced by an individual as well as (...)
     
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  43.  64
    PhD Thesis Summary: Rationality and Institutions: An Inquiry into the Normative Implications of Rational Choice Theory.Bart Engelen - 2008 - Erasmus Journal for Philosophy and Economics 1 (1):185-187.
    I aim to analyze in this dissertation what a desirable basic institutional structure looks like from the perspective of rationality. While the main topic is thus normative in nature, I start by clarifying in the first part what the notion of rationality exactly entails. I do so by focusing explicitly on the economic conception of rationality, according to which a rational individual is motivated to serve his self-interest on the basis of cost-benefit calculations. Such a Homo Economicus is characterized (...)
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  44.  88
    The rationality debate as a progressive research program.Keith E. Stanovich & Richard F. West - 2003 - Behavioral and Brain Sciences 26 (4):531-533.
    We did not, as Brakel & Shevrin imply, intend to classify either System 1 or System 2 as rational or irrational. Instrumental rationality is assessed at the organismic level, not at the subpersonal level. Thus, neither System 1 nor System 2 are themselves inherently rational or irrational. Also, that genetic fitness and instrumental rationality are not to be equated was a major theme in our target article. We disagree with Bringsjord & Yang's point that the tasks (...)
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  45.  71
    Normative ecological rationality: normative rationality in the fast-and-frugal-heuristics research program.D. Wade Hands - 2014 - Journal of Economic Methodology 21 (4):396-410.
    The purpose of this paper is to examine the normative interpretation of the fast-and-frugal research program and in particular to contrast it with the normative reading of rational choice theory and behavioral economics. The ecological rationality of fast-and-frugal heuristics is admittedly a form of normative naturalism – it derives what agents “ought” to do from that which “is” ecologically rational – and the paper will examine how this differs from the normative rationality associated with (...) choice theory. I will also attempt to assess the relative adequacy of normative ecological rationality. (shrink)
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  46.  31
    On the Nature and Significance of (Ideal) Rational Choice Theory.Hartmut Kliemt - 2018 - Analyse & Kritik 40 (1):131-160.
    The increasingly wide spread use of RCM, rational choice modeling, and RCT, rational choice theory, in disciplines like economics, law, ethics, psychology, sociology, political science, management facilitates interdisciplinary exchange. This is a great achievement. Yet it nurtures the hope that a unified account of rational active choice making might arise from ‘reason’ in terms of intuitively appealing axioms. Such ‘rationalist’ characterizations of rational choice neglect real human practices and empirical accounts of (...)
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  47.  84
    Reply to Moehler.Katharina Nieswandt - forthcoming - Philosophy of the Social Sciences.
    Recently and in this journal, I published a paper titled “Instrumental Rationality in the Social Sciences,” which offered a new argument against the equation of practical rationality with sound means-end reasoning. My paper attracted a critical commentary by Michael Moehler to which I reply here, without presupposing familiarity with my paper or Moehler’s comments. The critique is shown to rest on misunderstandings. Neither does my argument require that means-end reasoning always be egoistic nor can opponents, such as (...) choice theorists, avoid it by re-categorizing sound means-end inferences as only one rational kind of practical inference among many. (shrink)
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    Bart Engelen's Rationality and institutions: on the normative implications of rational choice theory. Saarbrucken: VDM Verlag, 2008. 276 pp. [REVIEW]Shaun P. Hargreaves Heap - 2009 - Erasmus Journal for Philosophy and Economics 2 (1):132.
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    The Psychology of Economic Decisions: Volume Two: Reasons and Choices.Isabelle Brocas & Juan D. Carrillo (eds.) - 2003 - Oxford University Press UK.
    Psychologists have a long tradition of studying human behavior, strengths and weaknesses, biases and limitations. Economists have constructed normative frameworks that capture the most important elements of human decision-making and developed powerful tools to determine individual and strategic choices in a variety of situations. Only recently have their strengths been combined and economic models enriched with key ingredients found in psychological studies.This volume covers four of the most important themes in this interdisciplinary field: feelings, inconsistencies, limitations and biases. Each chapter (...)
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  50. Irrationality and Immorality: Exploring the Ethical Dimensions of Behavioral Public Policy.Alejandro Hortal - manuscript
    This paper critically explores the ethical dimensions of Behavioral Public Policy (BPP), a domain grounded in the understanding that human rationality is bounded and that this limitation often leads to behaviors deemed irrational. By applying the behavioral lens, which posits that people operate under bounded rationality, BPP aims to craft interventions that safeguard individuals against their biases. However, this approach raises significant ethical concerns, both in the scientific underpinnings of BPP and its application through policy interventions. Accordingly, this (...)
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