Rationality and Knavery

This paper makes a modest point. Suppose one wants to evaluate alternative policies, institutions or even constitutions on the basis of their consequences. To do so, one needs to evaluate their consequences and one needs to know what their consequences are. Let us suppose that the role of economic theories and game theory in particular is mainly to help us to use information we already possess or that we can acquire at a reasonable cost to judge what the consequences will be. We do not necessarily need true theories or theories that provide perfectly precise predictions. What sort of accuracy and precision we need depends on how the consequences of alternative policies are evaluated. The worth of an economic theory in this context of policy assessment depends on the accuracy of the predictions the theory permits, the costs of gathering the needed information, and the costs of learning and using the theory. My only excuse for uttering these truisms is that well known economists and philosophers have denied them
Keywords No keywords specified (fix it)
Categories (categorize this paper)
DOI 10.1007/978-94-017-1654-3_6
 Save to my reading list
Follow the author(s)
My bibliography
Export citation
Find it on Scholar
Edit this record
Mark as duplicate
Revision history Request removal from index
Download options
PhilPapers Archive

Upload a copy of this paper     Check publisher's policy on self-archival     Papers currently archived: 15,879
External links
Setup an account with your affiliations in order to access resources via your University's proxy server
Configure custom proxy (use this if your affiliation does not provide a proxy)
Through your library
References found in this work BETA

No references found.

Add more references

Citations of this work BETA

No citations found.

Add more citations

Similar books and articles
Julian Fink (2010). Asymmetry, Scope, and Rational Consistency. Croatian Journal of Philosophy 10 (2):109-130.
David A. Bantz (1982). The Philosophical Basis of Cost-Risk-Benefit Analyses. PSA: Proceedings of the Biennial Meeting of the Philosophy of Science Association 1982:227 - 242.
Joel Slemrod (2006). The Consequences of Taxation. Social Philosophy and Policy 23 (2):73-87.
Martin Bunzl (2002). Evolutionary Games Without Rationality? Philosophy of the Social Sciences 32 (3):365-378.

Monthly downloads

Added to index


Total downloads

5 ( #359,244 of 1,725,161 )

Recent downloads (6 months)

1 ( #349,161 of 1,725,161 )

How can I increase my downloads?

My notes
Sign in to use this feature

Start a new thread
There  are no threads in this forum
Nothing in this forum yet.