Title
The Limits of Rationality,New
Delivery time: 8-12 business days (International)
Prevailing economic theory presumes that agents act rationally when they make decisions, striving to maximize the efficient use of their resources. Psychology has repeatedly challenged the rational choice paradigm with persuasive evidence that people do not always make the optimal choice. Yet the paradigm has proven so successful a predictor that its use continues to flourish, fueled by debate across the social sciences over why it works so well.Intended to introduce novices to rational choice theory, this accessible, interdisciplinary book collects writings by leading researchers. The Limits of Rationality illuminates the rational choice paradigm of social and political behavior itself, identifies its limitations, clarifies the nature of current controversies, and offers suggestions for improving current models.In the first section of the book, contributors consider the theoretical foundations of rational choice. Models of rational choice play an important role in providing a standard of human action and the bases for constitutional design, but do they also succeed as explanatory models of behavior? Do empirical failures of these explanatory models constitute a telling condemnation of rational choice theory or do they open new avenues of investigation and theorizing?Emphasizing analyses of norms and institutions, the second and third sections of the book investigate areas in which rational choice theory might be extended in order to provide better models. The contributors evaluate the adequacy of analyses based on neoclassical economics, the potential contributions of game theory and cognitive science, and the consequences for the basic framework when unequal bargaining power and hierarchy are introduced.
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To facilitate a smooth return process, a Return Authorization (RA) Number is required for all returns. Returns without a valid RA number will be declined and may incur additional fees. You can request an RA number within 15 days of the original delivery date. For more details, please refer to our Return & Refund Policy page.
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Warranty
We provide a 2-year limited warranty, from the date of purchase for all our products.
If you believe you have received a defective product, or are experiencing any problems with your product, please contact us.
This warranty strictly does not cover damages that arose from negligence, misuse, wear and tear, or not in accordance with product instructions (dropping the product, etc.).
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Frequently Asked Questions
- Q: What is the main topic of 'The Limits of Rationality'? A: 'The Limits of Rationality' explores the rational choice theory in economics and psychology, discussing how people make decisions and the limitations of the rational choice paradigm.
- Q: Who is the author of this book? A: The book is authored by Karen Schweers Cook, who is a recognized expert in the field.
- Q: How many pages are in 'The Limits of Rationality'? A: The book contains 272 pages.
- Q: What is the publication date of this book? A: 'The Limits of Rationality' was published on November 15, 1990.
- Q: What type of binding does this book have? A: The book is available in paperback binding.
- Q: Is this book suitable for beginners in rational choice theory? A: Yes, 'The Limits of Rationality' is intended to introduce novices to rational choice theory, making it accessible for those new to the subject.
- Q: What are the main themes discussed in the book? A: The book discusses the theoretical foundations of rational choice, its limitations, and the implications for models of social and political behavior.
- Q: Does 'The Limits of Rationality' include contributions from multiple authors? A: Yes, the book includes writings from leading researchers in the field, providing a diverse range of perspectives.
- Q: Can this book help improve understanding of economic theories? A: Yes, it offers insights into rational choice theory and critiques of existing models, which can enhance understanding of economic theories.
- Q: What academic category does this book fall under? A: 'The Limits of Rationality' is categorized under Behavioral Sciences.