David Bourget (Western Ontario)
David Chalmers (ANU, NYU)
Rafael De Clercq
Ezio Di Nucci
Jonathan Jenkins Ichikawa
Jack Alan Reynolds
Learn more about PhilPapers
Synthese 124 (1-2):73 - 111 (2000)
The relations between rationality and optimization have been widely discussed in the wake of Herbert Simon's work, with the common conclusion that the rationality concept does not imply the optimization principle. The paper is partly concerned with adding evidence for this view, but its main, more challenging objective is to question the converse implication from optimization to rationality, which is accepted even by bounded rationality theorists. We discuss three topics in succession: (1) rationally defensible cyclical choices, (2) the revealed preference theory of optimization, and (3) the infinite regress of optimization. We conclude that (1) and (2) provide evidence only for the weak thesis that rationality does not imply optimization. But (3) is seen to deliver a significant argument for the strong thesis that optimization does not imply rationality.
|Keywords||Optimization Rationality Cycles of preferences Choice functions Infinite regress of optimization Bounded rationality|
|Categories||categorize this paper)|
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
Francesco Guala & Luigi Mittone (2015). A Political Justification of Nudging. Review of Philosophy and Psychology 6 (3):385-395.
Frédéric Laville (2000). Should We Abandon Optimization Theory? The Need for Bounded Rationality. Journal of Economic Methodology 7 (3):395-426.
Similar books and articles
Danny Frederick (2013). Popper, Rationality and the Possibility of Social Science. Theoria 28 (1):61-75.
Andrew Reisner (2009). Unifying the Requirements of Rationality. Philosophical Explorations 12 (3):243-260.
Thomas Kelly (2007). Evidence and Normativity: Reply to Leite. Philosophy and Phenomenological Research 75 (2):465–474.
Donald W. Katzner (2000). Culture and the Explanation of Choice Behavior. Theory and Decision 48 (3):241-262.
Daniel J. Gilman (1993). Optimization and Simplicity: Marr's Theory of Vision and Biological Explanation. Synthese 107 (3):293-323.
Christopher Cherniak (2005). Innateness and Brain-Wiring Optimization. In António Zilhão (ed.), Evolution, Rationality, and Cognition: A Cognitive Science for the Twenty-First Century. Routledge
Wolfgang Spohn (2002). The Many Facets of the Theory of Rationality. Croatian Journal of Philosophy 2 (3):249-264.
Gerd Gigerenzer & Thomas Sturm (2012). How (Far) Can Rationality Be Naturalized? Synthese 187 (1):243-268.
Claudio Pizzi & Timothy Williamson (1997). Strong Boethius' Thesis and Consequential Implication. Journal of Philosophical Logic 26 (5):569-588.
Frederic Laville (2000). Foundations of Procedural Rationality: Cognitive Limits and Decision Processes. Economics and Philosophy 16 (1):117-138.
Added to index2009-01-28
Total downloads322 ( #7,030 of 1,934,424 )
Recent downloads (6 months)86 ( #4,521 of 1,934,424 )
How can I increase my downloads?