You are not currently logged in.
Access JSTOR through your library or other institution:
If You Use a Screen ReaderThis content is available through Read Online (Free) program, which relies on page scans. Since scans are not currently available to screen readers, please contact JSTOR User Support for access. We'll provide a PDF copy for your screen reader.
Some Unresolved Problems in the Theory of Rational Behavior
Vol. 36, No. 3, Rational Choice Theory (1993), pp. 179-189
Published by: Sage Publications, Ltd.
Stable URL: http://www.jstor.org/stable/4200854
Page Count: 11
You can always find the topics here!Topics: Rational choice theory, Revenge, Rationality, Reason, Games, Regret, Intuition, Mathematical problems, Child custody, Paradoxes
Were these topics helpful?See somethings inaccurate? Let us know!
Select the topics that are inaccurate.
Since scans are not currently available to screen readers, please contact JSTOR User Support for access. We'll provide a PDF copy for your screen reader.
Preview not available
In an article written in 1977 the author offered a survey of unresolved problems in rational choice theory. The present paper is an attempt to rethink this issue. On the one hand, it emphasizes the question of indeterminacy, i.e. situations in which the rational choice is not well defined. The paradoxes of backward induction find their place here, as do the existence and importance of genuine uncertainty (as distinct from risk). On the other hand, the article discusses the question whether preferences can be said to be rational. Examples include time preferences, attitudes to risk, regret and the 'taste for fairness'. The examples are chosen with a view to showing that rational choice theory is not a predictive theory, but essentially a hermeneutic one. As part of the enterprise of self-understanding, the construction of rationality is partly discovery and partly decision. There is no right answer to all questions.
Acta Sociologica © 1993 Sage Publications, Ltd.