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Approximate Expected Utility Rationalization

Social Science Research Network, 2021
We propose a new measure of deviations from the expected utility theory. For any positive number e, we give a characterization of the datasets with a rationalization that is within e (in beliefs, utility, or perceived prices) of expected utility theory,
F. Echenique, Kota Saito, Taisuke Imai
semanticscholar   +1 more source

Rationality

Annual Review of Psychology, 2002
▪ Abstract  This chapter reviews selected findings in research on reasoning, judgment, and choice and considers the systematic ways in which people violate basic requirements of the corresponding normative analyses. Recent objections to the empirical findings are then considered; these objections question the findings' relevance to assumptions about ...
Eldar, Shafir, Robyn A, LeBoeuf
openaire   +2 more sources

Avoidance, Rationalization, and Denial: Defensive Self-Protection in the Face of Climate Change Negatively Predicts Pro-Environmental Behavior

Journal of Environmental Psychology, 2020
Despite urgent need for climate action, denial of climate change and resulting absence of appropriate pro-environmental behavior are widespread.
M. Wullenkord, Gerhard Reese
semanticscholar   +1 more source

Self-rationalization improves LLM as a fine-grained judge

arXiv.org
LLM-as-a-judge models have been used for evaluating both human and AI generated content, specifically by providing scores and rationales. Rationales, in addition to increasing transparency, help models learn to calibrate its judgments.
Prapti Trivedi   +9 more
semanticscholar   +1 more source

How could external auditors assess the rationalization of fraud?

Journal of Financial Crime, 2021
Purpose This study aims to explore methods that external auditors can use to assess the rationalization of fraud in fraud risk assessment in auditing. Design/methodology/approach An online questionnaire was used to collect data from 150 Big 4 auditors.
Rasha Kassem
semanticscholar   +1 more source

Rational rationing?

Clinical Ethics, 2008
Triage-like procedures for solving the problems of rationing cannot work. And anyway, why should health- and medical workers carry the can for the economic and political decisions of their managers and our politicians? To foist rationing decisions onto them is a political con-trick, a deliberate attempt to deflect managerial and political ...
openaire   +1 more source

Are `Rational Conjectures' Rational?

The Journal of Industrial Economics, 1987
The concepts of 'rational conjectures' and 'reasonable conjectures' are critically reviewed. It is shown that their operation depends crucially on an invisible, non-optimizing 'deus ex machina'. Hence, these concepts are not really suitable for understanding competition among optimizing firms.
openaire   +1 more source

Rationality and Bounded Rationality

Games and Economic Behavior, 1997
The author enumerates five objections against various economic models. In particular, he argues that there is no unified theory of bounded rationality, but that the development of computer science, complexity theory and so on created an intellectual climate conducive to the development of the theory of bounded rationality. Specially, the preparation of
openaire   +2 more sources

Rationing Is Still Rationing

Hastings Center Report, 2015
AbstractA commentary on “Why It's Not Time for Health Care Rationing,” by Peter A. Ubel, in the March‐April 2015 issue.
openaire   +2 more sources

Rationing and rationality

European Journal of Political Economy, 1996
Abstract This paper investigates a simple three-good two-sector macromodel with fixed prices. In order to omit any ad hoc assumptions about the market outcomes we analyse the model as a game played by (fully) rational players. Whereas the notion of rationality underlying the concept of Nash equilibria implies a multiplicity of solutions (with ...
openaire   +1 more source

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