Bounded rationality: a realistic approach to the decision process in a social environment

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Auteur principal: José Manuel Robles
Format: Artículo científico
Langue:en
Publié: Universidad del Bío Bío 2007
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author José Manuel Robles
author_facet José Manuel Robles
contents Bounded rationality: a realistic approach to the decision process in a social environment José Manuel Robles Multidisciplinarias (Ciencias Sociales) Rational Choice Theory Bounded Rationality Theory Decision Theory and methodology In this paper the argument that the methodological tools offered by the Bounded Rationality Theory arebetter suited for the study of the decision-making by agents in social contexts than those offered by theRational Choice Theory will be studied. Mainly the realistic characteristics of both theories will be established.It has been said, for instance, that the explanation of the individual decisions offered by the RationalChoice Theory is unrealistic in that, it does not reflect the way in which real agents take their decisions. It hasalso been said that the basic assumptions and premises behind this theory are fundamentally unrealistic. Thiscriticism will specifically be the main objective of the first part of this paper. First, a brief outline of the basicassumptions and premises behind Rational Choice Theory will be provided, which is also the main aspect ofthe claim of unrealism. This latter criticism will be the main objective of research in order to show, in asecond article, the virtues of Bounded Rationality Theory as a better methodological tool. 2007 artículo científico 0717-196X https://www.redalyc.org/articulo.oa?id=29916106 en http://www.redalyc.org/revista.oa?id=299 Theoria application/pdf Universidad del Bío Bío Theoria (Chile) Num.1 Vol.16
format Artículo científico
id redalyc_29916106
institution Redalyc
language en
publishDate 2007
publisher Universidad del Bío Bío
spellingShingle Bounded rationality: a realistic approach to the decision process in a social environment
José Manuel Robles
Multidisciplinarias (Ciencias Sociales)
Rational Choice Theory
Bounded Rationality Theory
Decision Theory and methodology
Bounded rationality: a realistic approach to the decision process in a social environment José Manuel Robles Multidisciplinarias (Ciencias Sociales) Rational Choice Theory Bounded Rationality Theory Decision Theory and methodology In this paper the argument that the methodological tools offered by the Bounded Rationality Theory arebetter suited for the study of the decision-making by agents in social contexts than those offered by theRational Choice Theory will be studied. Mainly the realistic characteristics of both theories will be established.It has been said, for instance, that the explanation of the individual decisions offered by the RationalChoice Theory is unrealistic in that, it does not reflect the way in which real agents take their decisions. It hasalso been said that the basic assumptions and premises behind this theory are fundamentally unrealistic. Thiscriticism will specifically be the main objective of the first part of this paper. First, a brief outline of the basicassumptions and premises behind Rational Choice Theory will be provided, which is also the main aspect ofthe claim of unrealism. This latter criticism will be the main objective of research in order to show, in asecond article, the virtues of Bounded Rationality Theory as a better methodological tool. 2007 artículo científico 0717-196X https://www.redalyc.org/articulo.oa?id=29916106 en http://www.redalyc.org/revista.oa?id=299 Theoria application/pdf Universidad del Bío Bío Theoria (Chile) Num.1 Vol.16
title Bounded rationality: a realistic approach to the decision process in a social environment
topic Multidisciplinarias (Ciencias Sociales)
Rational Choice Theory
Bounded Rationality Theory
Decision Theory and methodology
url https://www.redalyc.org/articulo.oa?id=29916106