Unrealistic assumptions in rational choice theory

Philosophy of the Social Sciences 37 (2):115-138 (2007)
Abstract
The most common argument against the use of rational choice models outside economics is that they make unrealistic assumptions about individual behavior. We argue that whether the falsity of assumptions matters in a given model depends on which factors are explanatorily relevant. Since the explanatory factors may vary from application to application, effective criticism of economic model building should be based on model-specific arguments showing how the result really depends on the false assumptions. However, some modeling results in imperialistic applications are relatively robust with respect to unrealistic assumptions. Key Words: unrealistic assumptions • economics imperialism • rational choice • as if • robustness.
Keywords No keywords specified (fix it)
Categories (categorize this paper)
Options
 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: 10,738
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.

Citations of this work BETA
J. Kuorikoski, A. Lehtinen & C. Marchionni (2010). Economic Modelling as Robustness Analysis. British Journal for the Philosophy of Science 61 (3):541-567.

View all 6 citations

Similar books and articles
Analytics

Monthly downloads

Added to index

2009-01-28

Total downloads

89 ( #13,328 of 1,098,670 )

Recent downloads (6 months)

4 ( #79,088 of 1,098,670 )

How can I increase my downloads?

My notes
Sign in to use this feature


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