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How “rational” is “rationality”?
South African Journal of Philosophy, 2003By taking serious a remark once made by Paul Bernays, namely that an account of the nature of rationality should begin with concept-formation, this article sets out to uncover both the restrictive and the expansive boundaries of rationality. In order to do this some implications of the perennial philosophical problem of the “coherence of irreducibles ...
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Rationality and Bounded Rationality
Games and Economic Behavior, 1997Economists have for long expressed dissatisfaction with the complex models of strict rationality that are so pervasive in economic theory. There are several objections to such models. First, casual empiricism or even just simple introspection lead to the conclusion that even in quite simple decision problems, most economic agents are not in fact ...
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Rationalization and Rationality
2010This is our starting point: Rationality. If you want to understand decision making, the first step is to define what a rational choice is. This has always been the first task for students of decision making.i However, it doesn’t have to be like that.
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On the 'Rationality' of Rational Choice [PDF]
Political Psychology, 1995 Proponents argue that rational choice theory is a form of positive science, one whose simplified model of the human psyche generates useful predictions of human behavior. But their assumptions are contrary to fact. Their analyses of public policy decisions are cast in terms of the sharp and now largely discredited distinction logical positivists drew ...
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Rationalization of emotion is also rational
Behavioral and Brain Sciences, 2020AbstractCushman seeks to explain rationalization in terms of fundamental mental processes, and he hypotheses a selected-for function: information exchange between “rational” and “non-rational” processes in the brain. While this is plausible, his account overlooks the importance – and information value – of rationalizing the emotions of ourselves and ...
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Rational care is not rationing
Community Oncology, 2009mammogram and often an ultra-sonogram and/or MRI. Even if screening mam-mograms are delayed to age 50, women should still screen their breasts earlier and seek immediate at-tention for any abnormalities.Adding to the confusion are three sets of screen-ing guidelines and pending legislation that would force health plans to cover specific screening ...
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Is it rational to have rational expectations?
Mind & Society, 2014In economics in situations where there is uncertainty one has to attribute some attitude to handling this uncertainty to individuals. The original idea was to assume that "people do not make systematic mistakes" for which Muth coined the term "rational expectations".
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Credit Rationing and Rational Behavior
Journal of Money, Credit and Banking, 1994This paper shows that optimal consumption is weakly increasing in the borrowing ceiling, while savings and the welfare losses caused by borrowing constraints are weakly decreasing. More important, the strict inequalities may hold even at high saving levels at which the constraints are not expected to bind any time soon. In essence, the paper shows that
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Is Rational Psychotherapy Rational?
The Psychological Record, 1966Rational psychotherapists have stressed correcting the irrational assumptions and incorrect beliefs which underlie their clients’ behaviors, but they have not dealt adequately with the influence of their own biases on therapy. Ellis, for example, has been inculcating in clients a logically—and empirically—unverifiable hedonistic doctrine and a ...
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