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Ciências Sociais Unisinos, 2016 This article presents an approach to rational choice theory, with special emphasis on the capacity of this theory in helping to understand social relations and problems.
Mauro Macedo Campos +2 more
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Choice, internal consistency, and rationality [PDF]
The classical theory of rational choice is built on several important internal consistency conditions. In recent years, the reasonableness of those internal consistency conditions has been questioned and criticized, and several responses to accommodate ...
Prasanta K. Pattanaik +2 more
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A Humean Theory of Choice of which Rationality May Be One Consequence [PDF]
For the reader who considers economic theory of choice as a special case of a more general theory of action, Hume's discussion of the determinants of action in the Treatise of Human Nature (1739-1740), in the Enquiry on Human Understanding (1748), and in
Marc-Arthur Diaye, André Lapidus
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Deterrence and Rational Choice Theory [PDF]
, 2017 Simply put, rational choice theory assumes that when faced with a set of alternatives, individuals will prefer that which is expected to produce the most favorable outcome.
Sidebottom, Aiden, Wortley, Richard
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A Theory of Vague Expected Utility [PDF]
We propose a new theory of choice between lotteries, which combines an 'economic’ view of decision making - based on a rational, though incomplete, ordering - with a 'psychological’ view - based on heuristics.
Paola Manzini, Marco Mariotti
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On the Possibility of Democracy and Rational Collective Choice [PDF]
The paper challenges the 'orthodox doctrine' of collective choice theory according to which Arrow’s 'general possibility theorem' precludes rational decision procedures generally and implies that in particular all voting procedures must be flawed.
Hillinger, Claude
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Rationality in a general model of choice [PDF]
In this paper we consider choice correspondences which may be empty-valued. We study conditions under which such choice correspondences are rational, transitively rational, partially rational, partially almost transitive rational, partially almost quasi ...
Lahiri, Somdeb
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A Portfolio Theory of Route Choice [PDF]
Although many individual route choice models have been proposed to incorporate travel time variability as a decision factor, they are typically still deterministic in the sense that the optimal strategy requires choosing one particular route that ...
Shanjiang Zhu, David Levinson
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Coping with unpleasant surprises in a complex world: Is rational choice possible in a world with positive information costs? [PDF]
This paper provides a rational choice-based analysis of the causes and consequences of surprise events. The paper argues that ignorance may be rational, but nonetheless produce systematic mistakes, inconsistent behavior, and both pleasant and unpleasant ...
Congleton, Roger D.
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Taking Absurd Theories Seriously 3 essays on Rational Choice Theory and Welfare Analysis [PDF]
The effects of public policies on the welfare of different groups in society are in many cases unclear. Economists often study such effects through welfare analyses based on a mathematical model of an individual decision maker.
Røgeberg, Ole Jørgen
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