Expected Comparative Utility Theory: A New Theory of Rational Choice
نویسندگان
چکیده
منابع مشابه
Rational Choice Theory: An Overview
It seems easy to accept that rationality involves many features that cannot be summarized in terms of some straightforward formula, such as binary consistency. However, this recognition does not immediately lead to alternative characterizations that might be regarded as satisfactory, even though the inadequacies of the traditional assumptions of rational behavior standard used in economic theo...
متن کاملRational Choice Theory: An Overview
It seems easy to accept that rationality involves many features that cannot be summarized in terms of some straightforward formula, such as binary consistency. However, this recognition does not immediately lead to alternative characterizations that might be regarded as satisfactory, even though the inadequacies of the traditional assumptions of rational behavior standard used in economic theo...
متن کاملRational Choice Theory: A Cultural Reconsideration
Economists have heralded the formulation of the expected utility theorem as a universal method of choice under uncertainty. In their seminal paper, Stigler and Becker (Stigler & Becker, 1977) declared that “human behavior can be explained by a generalized calculus of utility-maximizing behavior” (p.76). The universality of the rational choice theory has been widely criticized by psychologists, ...
متن کاملrational choice theory: a cultural reconsideration
economists have heralded the formulation of the expected utility theorem as a universal method of choice under uncertainty. in their seminal paper, stigler and becker (stigler & becker, 1977) declared that “human behavior can be explained by a generalized calculus of utility-maximizing behavior” (p.76). the universality of the rational choice theory has been widely criticized by psychologists, ...
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Among schools of thought in comparative research, Rational Choice Theory (RCT) is both the most systematic and the most contested. RCT lacks a “classical” foundation but offfers a clear internal theory structure. The rationality assumption contains an unquestioned heuristic aspect, although the determinants of choice (especially preferences) lack a universally accepted solution. The choice aspe...
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ژورنال
عنوان ژورنال: The Philosophical Forum
سال: 2018
ISSN: 0031-806X
DOI: 10.1111/phil.12178