منابع مشابه
Substantive and Procedural Rationality in Decisions under Uncertainty∗
We report a laboratory experiment that enables us to study systematically the substantive and procedural rationality of decision making under uncertainty. By using novel graphical representations of budget sets over bundles of state-contingent commodities, we generate a very rich data set well-suited to studying behavior at the level of the individual subject. We test the data for consistency w...
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I study how limited abilities to process information affect choice behavior. I model the decision making process by an automaton, and measure the complexity of a specific choice rule by the minimal number of categories an automaton implementing the rule uses to process information. I establish that any choice rule that is less complicated than utility maximization displays framing effects. I th...
متن کاملProcedural Analysis of Choice Rules with Applications to Bounded Rationality
724 In 1981, an internal study by American Airlines found that travel agents booked the first flight that appeared on their computer screen 53 percent of the time, and a flight that appeared somewhere on the first screen almost 92 percent of the time. This provided an incentive for American to manipulate the order in which flights were listed on American’s “Sabre” computer reservation system, w...
متن کاملJurisprudence and Rationality
There are different concepts of rationality: specific rationality, normative rationality and instrumental rationality whose limitation covers the holistic rationality and represents the fate of rationality in the West. Thus following Hume reason became the slave of feelings and lost its authority for choosing the goal. In Islamic culture reason with its undeniable background in Shariah enjoy...
متن کاملMorality, Rationality and Impartiality
Morality as somehow involving rationality and impartiality received classic expression in philosophy of Kant who frankly speaks of “rational and impartial spectator” in contemplating the universal law. The overall aim of this paper is to show (1) that the idea of morality implies rationality and this will be reached at in refuting the moral scepticism; but (2) it does not necessarily indicates ...
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ژورنال
عنوان ژورنال: The Journal of Socio-Economics
سال: 2010
ISSN: 1053-5357
DOI: 10.1016/j.socec.2009.11.004