The rational foundations of economic behaviour : proceedings of the IEA Conference held in Turin, Italy

Bibliographic Information

The rational foundations of economic behaviour : proceedings of the IEA Conference held in Turin, Italy

edited by Kenneth J. Arrow ... [et al.]

(International Economic Association conference volume, no. 114)

Macmillan , St. Martin's Press, 1999, c1996

  • : uk : pbk
  • : us : pbk

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Includes bibliographical references and indexes

Description and Table of Contents

Description

This volume comprises fourteen papers presented to a conference of the IEA held at the International Centre for Economic Research, Turin. Four areas are identified in which theoretical and empirical developments are discussed for the fuller understanding of personal (as opposed to collective) behaviour with economic objectives: rational choice and associated problems of logic; rationality as explained by game theory; experiments to elucidate rational behaviour; and alternative treatments of rationality in decision-making theory. The preface by Nobel Laureate Kenneth Arrow traces the evolution of concepts of economic rationality from the start of this century.

Table of Contents

  • The International Economic Association Acknowledgements List of Contributors Abbreviations Preface
  • K.J.Arrow Introduction
  • E.Colombatto & M.Perlman PART 1: RATIONAL CHOICE AND LOGICAL PROBLEMS Decision Kinematics
  • R.C.Jeffrey - Comment
  • C.Schmidt Consequentialism, Structural Rationality and Game Theory
  • P.J.Hammond - Comment
  • B.Munier Paradoxes of Rationality in Decision-making Theory
  • C.Schmidt - Comment
  • F.Donzelli - Rejoinder
  • C.Schmidt Rationality and Comprehension
  • A.Margalit & M.Yaari - Comment
  • A.Sen - Rejoinder
  • R.J.Aumann PART 2: RATIONALITY IN GAME THEORY Rationalizing Backward Induction
  • K.Binmore & L.Samuelson - Comment
  • B.Walliser - Rejoinder
  • R.J.Aumann The Decision-Theoretic Foundations of Game Theory
  • M.Mariotti - Comment
  • P.Battigalli Nash Equilibrium and Evolution by Imitation
  • J.Bjornerstedt & J.Weibull - Comment
  • P.L.Sacco PART 3: RATIONAL BEHAVIOUR FROM AN EXPERIMENTAL APPROACH Rational Theory and Constructive Choice
  • A.Tversky - Comment
  • A.E.Roth New Challenges to the Rationality Assumption
  • D.Kahneman - Comment
  • C.R.Plott Rational Individual Behaviour in Markets and Social Choice Processes
  • C.R.Plott - Comment
  • D.Kahneman Adaptive Behaviour and Strategic Rationality: Evidence from the Laboratory and the Field
  • A.E.Roth - Comment
  • J-L.Rulliere PART 4: ALTERNATIVE TREATMENTS OF RATIONALITY IN DECISION-MAKING SYSTEMS The Rationality of Adaptive Agents
  • J.H.Holland - Comment
  • F.Hahn Routines, Hierarchies of Problems, Procedural Behaviour: Some Evidence from Experiments
  • M.Egidi - Comment
  • H.Sabourian Rational Preferences and Rational Beliefs
  • M.Kurz - Comment
  • K.J.Arrow Postface
  • C.Schmidt Index of Names Subject Index

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