Decision Theory and Rationality

Kobo ebook | February 19, 2009

byJosé Luis Bermúdez

not yet rated|write a review
The concept of rationality is a common thread through the human and social sciences — from political science to philosophy, from economics to sociology, and from management science to decision analysis. But what counts as rational action and rational behavior? José Luis Bermúdez explores decision theory as a theory of rationality. Decision theory is the mathematical theory of choice and for many social scientists it makes the concept of rationality mathematically tractable and scientifically legitimate. Yet rationality is a concept with several dimensions and the theory of rationality has different roles to play. It plays an action-guiding role (prescribing what counts as a rational solution of a given decision problem). It plays a normative role (giving us the tools to pass judgment not just on how a decision problem was solved, but also on how it was set up in the first place). And it plays a predictive/explanatory role (telling us how rational agents will behave, or why they did what they did). This controversial but accessible book shows that decision theory cannot play all of these roles simultaneously. And yet, it argues, no theory of rationality can play one role without playing the other two. The conclusion is that there is no hope of taking decision theory as a theory of rationality.

Pricing and Purchase Info

$26.19 online
$33.99 list price (save 22%)
Available for download
Not available in stores

From the Publisher

The concept of rationality is a common thread through the human and social sciences — from political science to philosophy, from economics to sociology, and from management science to decision analysis. But what counts as rational action and rational behavior? José Luis Bermúdez explores decision theory as a theory of rationality. Deci...

Format:Kobo ebookPublished:February 19, 2009Publisher:Oup OxfordLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0191609455

ISBN - 13:9780191609459

Look for similar items by category:

Customer Reviews of Decision Theory and Rationality

Reviews