DECISION THEORY AND RATIONALITY by Jose Luis Bermudez ( 9780199548026 )

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Title:

DECISION THEORY AND RATIONALITY

By:

Jose Luis Bermudez

Format:

Hardback

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£78.00

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£68.25

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£9.75

ISBN 10:

0199548021

ISBN 13:

9780199548026

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Publisher:

OXFORD UNIVERSITY PRESS

Pages:

208

Description:

Decision Theory and Rationality offers a challenging new interpretation of a key theoretical tool in the human and social sciences. This accessible book argues, contrary to orthodoxy in politics, economics, and management science, that decision theory cannot provide a theory of rationality.

Synopsis:

The concept of rationality is a common thread through the human and social sciences - from political science to philosophy, from economics to sociology, and from management science to decision analysis. But what counts as rational action and rational behavior? Jose Luis Bermudez explores decision theory as a theory of rationality. Decision theory is the mathematical theory of choice and for many social scientists it makes the concept of rationality mathematically tractable and scientifically legitimate. Yet rationality is a concept with several dimensions and the theory of rationality has different roles to play. It plays an action-guiding role (prescribing what counts as a rational solution of a given decision problem). It plays a normative role (giving us the tools to pass judgment not just on how a decision problem was solved, but also on how it was set up in the first place). And it plays a predictive/explanatory role (telling us how rational agents will behave, or why they did what

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Imprint:

Oxford University Press

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