Switch to: References

Citations of:

Rationality in Economics: Constructivist and Ecological Forms

Cambridge University Press (2007)

Add citations

You must login to add citations.
  1. Neuroeconomics and the Economic Sciences: Kevin A. McCabe.Kevin A. McCabe - 2008 - Economics and Philosophy 24 (3):345-368.
    Neuroeconomics is the newest of the economic sciences with a focus on how the embodied human brain interacts with its institutional and social environment to make economic decisions. This paper presents an overview of neuroeconomics methods and reviews a number of results in this emerging field of study.
    Direct download (8 more)  
     
    Export citation  
     
    Bookmark   23 citations  
  • Neuroeconomics: A Critical Reconsideration: Glenn W. Harrison.Glenn W. Harrison - 2008 - Economics and Philosophy 24 (3):303-344.
    Understanding more about how the brain functions should help us understand economic behaviour. But some would have us believe that it has done this already, and that insights from neuroscience have already provided insights in economics that we would not otherwise have. Much of this is just academic marketing hype, and to get down to substantive issues we need to identify that fluff for what it is. After we clear away the distractions, what is left? The answer is that a (...)
    Direct download (10 more)  
     
    Export citation  
     
    Bookmark   34 citations  
  • Handbook of Computational Economics, Volume 2: Agent-Based Computational Economics.Leigh Tesfatsion & Kenneth L. Judd (eds.) - 2006 - Amsterdam, The Netherlands: Elsevier.
    The explosive growth in computational power over the past several decades offers new tools and opportunities for economists. This handbook volume surveys recent research on Agent-based Computational Economics (ACE), the computational study of economic processes modeled as open-ended dynamic systems of interacting agents. Empirical referents for “agents” in ACE models can range from individuals or social groups with learning capabilities to physical world features with no cognitive function. Topics covered include: learning; empirical validation; network economics; social dynamics; financial markets; innovation (...)
    Direct download (3 more)  
     
    Export citation  
     
    Bookmark   5 citations  
  • Game Theory.Don Ross - 2008 - Stanford Encyclopedia of Philosophy.
    Direct download  
     
    Export citation  
     
    Bookmark   18 citations  
  • Filosofia științelor umane. In memoriam Mihail Radu Solcan.Mircea Flonta, Emanuel-Mihail Socaciu & Constantin Vica (eds.) - 2015 - Bucharest: Editura Universității din București.
    A collective volume in memoriam Mihail Radu Solcan.
    Direct download  
    Translate
     
     
    Export citation  
     
    Bookmark  
  • Philosophical Foundations of Neuroeconomics: Economics and the Revolutionary Challenge From Neuroscience.Roberto Fumagalli - 2011 - Dissertation, London School of Economics
    This PhD thesis focuses on the philosophical foundations of Neuroeconomics, an innovative research program which combines findings and modelling tools from economics, psychology and neuroscience to account for human choice behaviour. The proponents of Neuroeconomics often manifest the ambition to foster radical modifications in the accounts of choice behaviour developed by its parent disciplines. This enquiry provides a philosophically informed appraisal of the potential for success and the relevance of neuroeconomic research for economics. My central claim is that neuroeconomists can (...)
    Direct download (2 more)  
     
    Export citation  
     
    Bookmark  
  • Two of a Kind: Are Norms of Honor a Species of Morality?Toby Handfield & John Thrasher - 2019 - Biology and Philosophy 34 (3):39.
    Should the norms of honor cultures be classified as a variety of morality? In this paper, we address this question by considering various empirical bases on which norms can be taxonomically organised. This question is of interest both as an exercise in philosophy of social science, and for its potential implications in meta-ethical debates. Using recent data from anthropology and evolutionary game theory, we argue that the most productive classification emphasizes the strategic role that moral norms play in generating assurance (...)
    Direct download (2 more)  
     
    Export citation  
     
    Bookmark   1 citation  
  • Restricting Choices: Decision Making, the Market Society, and the Forgotten Entrepreneur.Gregory Wolcott - 2019 - Journal of Business Ethics 156 (2):293-314.
    Basing their claims on findings in the behavioral sciences that illuminate cognitive deficiencies, scholars spanning multiple disciplines argue that certain features of free market capitalist societies threaten human wellbeing, especially insofar as such societies are marked by a proliferation of consumer choices and incessant demands on decision making. This paper thus attempts three things. First, it outlines the criticisms of the expansive freedoms found in free market societies, based on those findings, in order to provide a reliable overview of the (...)
    Direct download (2 more)  
     
    Export citation  
     
    Bookmark  
  • Can Social Norm Activation Improve Audit Quality? Evidence From an Experimental Audit Market.Allen D. Blay, Eric S. Gooden, Mark J. Mellon & Douglas E. Stevens - 2019 - Journal of Business Ethics 156 (2):513-530.
    We assert that audit quality can be improved to the extent that social norms for honesty and responsibility are activated in the auditor. To test this assertion, we use an experimental audit market setting found in the literature and manipulate factors expected to activate honesty and responsibility norms in the auditor. We find that auditor misreporting is reduced when the investor is another participant in the experiment rather than computer simulated, and thus, the interests of third-party investors are salient to (...)
    Direct download (2 more)  
     
    Export citation  
     
    Bookmark   1 citation  
  • Is Economic Rationality in the Head?Kevin Vallier - 2015 - Minds and Machines 25 (4):339-360.
    Many economic theorists hold that social institutions can lead otherwise irrational agents to approximate the predictions of traditional rational choice theory. But there is little consensus on how institutions do so. I defend an economic internalist account of the institution-actor relationship by explaining economic rationality as a feature of individuals whose decision-making is aided by institutional structures. This approach, known as the subjective transaction costs theory, represents apparently irrational behavior as a rational response to high subjective transaction costs of thinking (...)
    Direct download (2 more)  
     
    Export citation  
     
    Bookmark  
  • Can Resources Save Rationality? ‘Anti-Bayesian’ Updating in Cognition and Perception.Eric Mandelbaum, Isabel Won, Steven Gross & Chaz Firestone - 2020 - Behavioral and Brain Sciences 143:e16.
    Resource rationality may explain suboptimal patterns of reasoning; but what of “anti-Bayesian” effects where the mind updates in a direction opposite the one it should? We present two phenomena — belief polarization and the size-weight illusion — that are not obviously explained by performance- or resource-based constraints, nor by the authors’ brief discussion of reference repulsion. Can resource rationality accommodate them?
    Direct download  
     
    Export citation  
     
    Bookmark   1 citation  
  • Artificiality, Reactivity, and Demand Effects in Experimental Economics.Maria Jimenez-Buedo & Francesco Guala - 2016 - Philosophy of the Social Sciences 46 (1):3-23.
    A series of recent debates in experimental economics have associated demand effects with the artificiality of the experimental setting and have linked it to the problem of external validity. In this paper, we argue that these associations can be misleading, partly because of the ambiguity with which “artificiality” has been defined, but also because demand effects and external validity are related in complex ways. We argue that artificiality may be directly as well as inversely correlated with demand effects. We also (...)
    Direct download  
     
    Export citation  
     
    Bookmark   3 citations  
  • Giochi di anarchia. Beni pubblici, teoria dei giochi e anarco-liberalismo.Gustavo Cevolani & Roberto Festa - 2011 - Nuova Civiltà Delle Macchine 29 (1-2):163-180.
    The paper focuses on Anthony de Jasay's "anarcho-liberalism" as based oon his game-theoretic approach to the problem of public goods provision.
    Direct download  
    Translate
     
     
    Export citation  
     
    Bookmark   1 citation  
  • Folk-Economic Beliefs: An Evolutionary Cognitive Model.Pascal Boyer & Michael Bang Petersen - 2018 - Behavioral and Brain Sciences 41:1-51.
    The domain of “folk-economics” consists in explicit beliefs about the economy held by laypeople, untrained in economics, about such topics as, for example, the causes of the wealth of nations, the benefits or drawbacks of markets and international trade, the effects of regulation, the origins of inequality, the connection between work and wages, the economic consequences of immigration, or the possible causes of unemployment. These beliefs are crucial in forming people's political beliefs and in shaping their reception of different policies. (...)
    No categories
    Direct download (4 more)  
     
    Export citation  
     
    Bookmark   5 citations  
  • Five Theses on Neuroeconomics.Roberto Fumagalli - 2016 - Journal of Economic Methodology 23 (1):77-96.
    Over the last decade, neuroeconomic research has attracted increasing attention by economic modellers and methodologists. In this paper, I examine five issues about neuroeconomic modelling and methodology that have recently been subject to considerable controversy. For each issue, I explicate and appraise prominent neuroeconomists' findings, focusing on those that are claimed to directly inform economic theorizing. Moreover, I assess often-made assertions concerning how neuroeconomic research putatively advances the economic modelling of choice. In doing so, I combine review and critical arguments (...)
    Direct download (7 more)  
     
    Export citation  
     
    Bookmark   8 citations  
  • Mapping Collective Behavior – Beware of Looping.Markus Christen & Peter Brugger - 2014 - Behavioral and Brain Sciences 37 (1):80-81.
  • Competition as an Evolutionary Process: Mark Blaug and Evolutionary Economics.Jack J. Vromen - 2013 - Erasmus Journal for Philosophy and Economics 6 (3):104.
    No categories
    Direct download  
     
    Export citation  
     
    Bookmark  
  • Carsten Herrmann-Pillath's Foundations of Economic Evolution: A Treatise on the Natural Philosophy of Economics. Edward Elgar, 2013, 704 Pp. [REVIEW]Don Ross - 2014 - Erasmus Journal for Philosophy and Economics 7 (1):109.
    No categories
    Direct download  
     
    Export citation  
     
    Bookmark  
  • Orthodox and Heterodox Economics in Recent Economic Methodology.D. Wade Hands - 2015 - Erasmus Journal for Philosophy and Economics 8 (1):61.
    No categories
    Direct download  
     
    Export citation  
     
    Bookmark   2 citations  
  • The Methodologies of Neuroeconomics.Glenn Harrison & Don Ross - 2010 - Journal of Economic Methodology 17 (2):185-196.
    We critically review the methodological practices of two research programs which are jointly called?neuroeconomics?. We defend the first of these, termed?neurocellular economics? by Ross, from an attack on its relevance by Gul and Pesendorfer. This attack arbitrarily singles out some but not all processing variables as unimportant to economics, is insensitive to the realities of empirical theory testing, and ignores the central importance to economics of?ecological rationality?. GP ironically share this last attitude with advocates of?behavioral economics in the scanner?, the (...)
    Direct download (4 more)  
     
    Export citation  
     
    Bookmark   17 citations  
  • The Evolution of Individualistic Norms.Don Ross - 2012 - In Kim Sterelny, Richard Joyce, Brett Calcott & Ben Fraser (eds.), Baltic International Yearbook of Cognition, Logic and Communication. MIT Press. pp. 17.
    It is generally recognized that descriptive and normative individualism are logically independent theses. This paper defends the stronger view that recognition of the falsehood of descriptive individualism is crucial to understanding the evolutionary and developmental basis of normative individualism. The argument given for this is not analytic; rather, it is based on empirical generalizations about the evolution of markets with specialized labor, about the nature of information processing in large markets, and about the socialization of human children.
    Direct download (4 more)  
     
    Export citation  
     
    Bookmark   1 citation  
  • L'ingranaggio della cooperazione. Teorie dei giochi, cooperazione spontanea e produzione di beni pubblici.Gustavo Cevolani & Roberto Festa - 2014 - In Carlo Lottieri & Daniele Velo Dalbrenta (eds.), La città volontaria. IBL Libri. pp. 23-63.
    A survey of some game-theoretic accounts of the emergence and evolution of spontaneuous cooperation in social and public-good dilemmas.
    Direct download  
    Translate
     
     
    Export citation  
     
    Bookmark  
  • Economic Reasoning and Interaction in Socially Extended Market Institutions.Shaun Gallagher, Antonio Mastrogiorgio & Enrico Petracca - 2019 - Frontiers in Psychology 10.
  • Reciprocity: Weak or Strong? What Punishment Experiments Do Demonstrate.Francesco Guala - 2012 - Behavioral and Brain Sciences 35 (1):1-15.
    Strong Reciprocity theorists claim that cooperation in social dilemma games can be sustained by costly punishment mechanisms that eliminate incentives to free ride, even in one-shot and finitely repeated games. There is little doubt that costly punishment raises cooperation in laboratory conditions. Its efficacy in the field however is controversial. I distinguish two interpretations of experimental results, and show that the wide interpretation endorsed by Strong Reciprocity theorists is unsupported by ethnographic evidence on decentralised punishment and by historical evidence on (...)
    Direct download (8 more)  
     
    Export citation  
     
    Bookmark   47 citations  
  • Two Neurocomputational Building Blocks of Social Norm Compliance.Matteo Colombo - 2014 - Biology and Philosophy 29 (1):71-88.
    Current explanatory frameworks for social norms pay little attention to why and how brains might carry out computational functions that generate norm compliance behavior. This paper expands on existing literature by laying out the beginnings of a neurocomputational framework for social norms and social cognition, which can be the basis for advancing our understanding of the nature and mechanisms of social norms. Two neurocomputational building blocks are identified that might constitute the core of the mechanism of norm compliance. They consist (...)
    Direct download (3 more)  
     
    Export citation  
     
    Bookmark   5 citations  
  • Reconciling Justice and Pleasure in Epicurean Contractarianism.John J. Thrasher - 2013 - Ethical Theory and Moral Practice 16 (2):423-436.
    Epicurean contractarianism is an attempt to reconcile individualistic hedonism with a robust account of justice. The pursuit of pleasure and the requirements of justice, however, have seemed to be incompatible to many commentators, both ancient and modern. It is not clear how it is possible to reconcile hedonism with the demands of justice. Furthermore, it is not clear why, even if Epicurean contractarianism is possible, it would be necessary for Epicureans to endorse a social contract. I argue here that Epicurean (...)
    Direct download (7 more)  
     
    Export citation  
     
    Bookmark   5 citations  
  • Altruism, Righteousness, and Myopia.T. Clark Durant & Michael Weintraub - 2011 - Critical Review: A Journal of Politics and Society 23 (3):257-302.
    ABSTRACT Twenty years ago Leif Lewin made the case that altruistic motives are more common than selfish motives among voters, politicians, and bureaucrats. We propose that motives and beliefs emerge as reactions to immediate feedback from technical-causal, material-economic, and moral-social aspects of the political task environment. In the absence of certain kinds of technical-causal and material-economic feedback, moral-social feedback leads individuals to the altruism Lewin documents, but also to righteousness (moralized regard for the in-group and disregard for the out-group) and (...)
    Direct download (3 more)  
     
    Export citation  
     
    Bookmark   1 citation  
  • The Usefulness of Social Norm Theory in Empirical Business Ethics Research: A Review and Suggestions for Future Research.Allen D. Blay, Eric S. Gooden, Mark J. Mellon & Douglas E. Stevens - 2018 - Journal of Business Ethics 152 (1):191-206.
    In response to recent calls to extend the underlying theories used in the literature :375–413, 2005; Craft in J Bus Ethics 117:221–259, 2013), we review the usefulness of social norm theory in empirical business ethics research. We begin by identifying the seeds of social norm theory in Adam Smith’s The Theory of Moral Sentiments, the Glasgow Edition, Oxford University Press, Oxford, 1759/1790) seminal work, The Theory of Moral Sentiments. Next, we introduce recent theory in social norm activation by Bicchieri and (...)
    Direct download (2 more)  
     
    Export citation  
     
    Bookmark   7 citations  
  • Effect of Reduced Opportunities on Bargaining Outcomes: An Experiment with Status Asymmetries.Subrato Banerjee - 2020 - Theory and Decision 89 (3):313-346.
    Several allocation rules allow for possible violations of the ‘independence of irrelevant alternatives’ axiom in cooperative bargaining game theory. Nonetheless, there is no conclusive evidence on how contractions of feasible sets exactly affect bargaining outcomes. We have been able to identify a definite behavioral channel through which such contractions actually determine the outcomes of negotiated bargaining. We find that the direction and the extent of changes in bargaining outcomes, due to contraction of the feasible set, respond to the level of (...)
    No categories
    Direct download (3 more)  
     
    Export citation  
     
    Bookmark  
  • Hayek on the Wisdom of Prices: A Reassessment.Richard Bronk - 2013 - Erasmus Journal for Philosophy and Economics 6 (1):82-107.
  • Normative Ecological Rationality: Normative Rationality in the Fast-and-Frugal-Heuristics Research Program.D. Wade Hands - 2014 - Journal of Economic Methodology 21 (4):396-410.
    The purpose of this paper is to examine the normative interpretation of the fast-and-frugal research program and in particular to contrast it with the normative reading of rational choice theory and behavioral economics. The ecological rationality of fast-and-frugal heuristics is admittedly a form of normative naturalism – it derives what agents “ought” to do from that which “is” ecologically rational – and the paper will examine how this differs from the normative rationality associated with rational choice theory. I will also (...)
    Direct download (6 more)  
     
    Export citation  
     
    Bookmark   7 citations  
  • Psychological Versus Economic Models of Bounded Rationality.Don Ross - 2014 - Journal of Economic Methodology 21 (4):411-427.
    That the rationality of individual people is ‘bounded’ – that is, finite in scope and representational reach, and constrained by the opportunity cost of time – cannot reasonably be controversial as an empirical matter. In this context, the paper addresses the question as to why, if economics is an empirical science, economists introduce bounds on the rationality of agents in their models only grudgingly and partially. The answer defended in the paper is that most economists are interested primarily in markets (...)
    Direct download (6 more)  
     
    Export citation  
     
    Bookmark   8 citations  
  • Constructivist and Ecological Modeling of Group Rationality.Gerald Gaus - 2012 - Episteme 9 (3):245-254.
    These brief remarks highlight three aspects of Christian List and Philip Pettit's Group Agency: The Possibility, Design, and Status of Corporate Agents that illustrate its constructivist nature: its stress on the discursive dilemma as a primary challenge to group rationality and reasoning; its general though qualified support for premise-based decision-making as the preferred way to cope with the problems of judgment aggregation; and its account of rational agency and moral responsibility. The essay contrasts List and Pettit's constructivist analysis of group (...)
    Direct download (9 more)  
     
    Export citation  
     
    Bookmark   2 citations  
  • If Nudge Cannot Be Applied: A Litmus Test of the Readers’ Stance on Paternalism. [REVIEW]Chen Li, Zhihua Li & Peter P. Wakker - 2014 - Theory and Decision 76 (3):297-315.
    A central question in many debates on paternalism is whether a decision analyst can ever go against the stated preference of a client, even if merely intending to improve the decisions for the client. Using four gedanken-experiments, this paper shows that this central question, so cleverly and aptly avoided by libertarian paternalism (nudge), cannot always be avoided. The four thought experiments, while purely hypothetical, serve to raise and specify the critical arguments in a maximally clear and pure manner. The first (...)
    Direct download (3 more)  
     
    Export citation  
     
    Bookmark   2 citations  
  • Prospecting Neuroeconomics.Andreas Ortmann - 2008 - Economics and Philosophy 24 (3):431-448.
    The following is a set of reading notes on, and questions for, the Neuroeconomics enterprise. My reading of neuroscience evidence seems to be at odds with basic conceptions routinely assumed in the Neuroeconomics literature. I also summarize methodological concerns regarding design, implementation, and statistical evaluation of Neuroeconomics experiments.
    Direct download (8 more)  
     
    Export citation  
     
    Bookmark   5 citations  
  • Where Economics and Neuroscience Might Meet.Jack Vromen - 2010 - Journal of Economic Methodology 17 (2):171-183.
    Contrary to what is claimed by Gul and Pesendorfer (2008), in this paper I argue that neuroscience and economics can meet in ways that speak to the interests of economists. As Bernheim (2009) argues, economists seem to be primarily interested in novel models that link ?traditional? environmental variables (such as prices and taxes) to choice behavior in a more accurate way than existing models. Neuroscience might be helpful here, since especially computational neuroscience is also in the business of mapping environmental (...)
    Direct download (3 more)  
     
    Export citation  
     
    Bookmark   8 citations  
  • A Probabilistic Ghost in the Experimental Machine.Dorian Jullien & Nicolas Vallois - 2014 - Journal of Economic Methodology 21 (3):232-250.
    This paper focuses on the opposition between two contemporary research programs in economics: behavioral economics (BE) and experimental market economics (EME). Our claim is that the arguments of this opposition can be clarified through the lens of another opposition in the philosophy of probability and in probability theory, between Bayesianism and frequentism. We show how this probabilistic opposition has indirectly shaped a controversy in psychology that opposes two research programs – Heuristics and Biases and Ecological Rationality – which play respective (...)
    Direct download (3 more)  
     
    Export citation  
     
    Bookmark   1 citation  
  • Rational Choice Without Closure: The Microfoundations of Virtuous Cycles and Vicious Circles.Adam Martin - 2011 - Journal of Economic Methodology 18 (4):345-361.
    Economic stories with a rational choice structure usually entail closure or equilibrium. This paper argues that Knightian uncertainty and Kirznerian alertness allow economists to construct plausible accounts of open-ended processes such as virtuous cycles and vicious circles without abandoning the centrality of instrumental rationality. The basic form of such stories is explored and two example cases are put forward.
    Direct download (3 more)  
     
    Export citation  
     
    Bookmark  
  • The Disunity of Neuroeconomics: A Methodological Appraisal.Roberto Fumagalli - 2010 - Journal of Economic Methodology 17 (2):119-131.
    The recent advancements at the interface between economics and neuroscience have encouraged neuroeconomists to raise several criticisms concerning the economic theory of choice. At present, however, there is little agreement with regard to the theoretical presuppositions and the explanatory aims of neuroeconomics. In this paper, I assess the scope and the significance of neuroeconomists' divergences, casting doubt on their attempts to provide a unified theoretical framework for analysing human choice behaviour. Moreover, I highlight some respects in which methodologically informed considerations (...)
    Direct download (3 more)  
     
    Export citation  
     
    Bookmark   7 citations