Optimization-Based Explanations

Philosophy of the Social Sciences 45 (4-5):481-496 (2015)
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Abstract

This article argues that evolutionary models based on selection validate, under appropriate conditions, the relevance of optimality as an explanatory mechanism in rational choice theory. The reason is that these frameworks share the mechanism that drives the results, namely, optimization, even if they situate it at different levels. The consequences of our argument are twofold. First, it resolves the tension between those predictions of rational choice theory that are accurate and the evidence showing that individuals seldom optimize. Second, it relativizes the explanatory import of rationality without diminishing the role of optimization as a mechanism

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References found in this work

Darwinian Populations and Natural Selection.Peter Godfrey-Smith - 2009 - Oxford, GB: Oxford University Press.
The strategy of model-based science.Peter Godfrey-Smith - 2006 - Biology and Philosophy 21 (5):725-740.
Rational choice and the structure of the environment.Herbert A. Simon - 1956 - Psychological Review 63 (2):129-138.
Adaptive Thinking: Rationality in the Real World.Gerd Gigerenzer - 2000 - Oxford and New York: Oxford University Press.

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