Rationality and its contexts

In Hung T. W. & Lane T. J. (eds.), Rationality: Constraints and Contexts. Elsevier. pp. 3-13 (2016)
Authors
Timothy Joseph Lane
Taipei Medical College
Abstract
A cursory glance at the list of Nobel Laureates for Economics is sufficient to confirm Stanovich’s description of the project to evaluate human rationality as seminal. Herbert Simon, Reinhard Selten, John Nash, Daniel Kahneman, and others, were awarded their prizes less for their work in economics, per se, than for their work on rationality, as such. Although philosophical works have for millennia attempted to describe, explicate and evaluate individual and collective aspects of rationality, new impetus was brought to this endeavor over the last century as mathematical logic along with the social and behavioral sciences emerged. Yet more recently, over the last several decades, propelled by the emergence of artificial intelligence, cognitive science, evolutionary psychology, neuropsychology, and related fields, even more sophisticated approaches to the study of rationality have emerged.
Keywords rationality  subjectively expected utility  Bayesian models of rationality  bounded rationality  rationality wars  pathologies of rationality  satisfice  temperate rationality
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