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Rationality and Ascriptive Science

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  • Itzhak Gilboa

Abstract

This paper suggests definitions for two closely related terms which are (or could be) used in the social sciences. First, "rationality" is defined as a behavior which will not be altered as a result of awareness to its analysis. Next, an "ascriptive theory" is defined to be a descriptive theory which may become common knowledge among its subjects, yet remain valid. The relation between these concepts--as well as between them and others--is studied, and an "impossibility theorem," due to Dostoyevsky, is discussed.

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Bibliographic Info

Paper provided by Northwestern University, Center for Mathematical Studies in Economics and Management Science in its series Discussion Papers with number 943.

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Date of creation: Jun 1991
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Handle: RePEc:nwu:cmsems:943

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References

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  1. Werlang, Sérgio Ribeiro da Costa, 1988. "Common knowledge," Economics Working Papers (Ensaios Economicos da EPGE) 118, FGV/EPGE Escola Brasileira de Economia e Finanças, Getulio Vargas Foundation (Brazil).
  2. Lucas, Robert Jr., 1972. "Expectations and the neutrality of money," Journal of Economic Theory, Elsevier, vol. 4(2), pages 103-124, April.
  3. R. Aumann, 2010. "Correlated Equilibrium as an expression of Bayesian Rationality," Levine's Bibliography 513, UCLA Department of Economics.
  4. Itzhak Gilboa, 1989. "A Note on the Consistency of Game Theory," Discussion Papers 847, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
  5. Geanakoplos, John & Pearce, David & Stacchetti, Ennio, 1989. "Psychological games and sequential rationality," Games and Economic Behavior, Elsevier, vol. 1(1), pages 60-79, March.
  6. Tversky, Amos & Kahneman, Daniel, 1986. "Rational Choice and the Framing of Decisions," The Journal of Business, University of Chicago Press, vol. 59(4), pages S251-78, October.
  7. Lipman, Barton L, 1991. "How to Decide How to Decide How to. . . : Modeling Limited Rationality," Econometrica, Econometric Society, vol. 59(4), pages 1105-25, July.
  8. Bray, Margaret, 1982. "Learning, estimation, and the stability of rational expectations," Journal of Economic Theory, Elsevier, vol. 26(2), pages 318-339, April.
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Cited by:
  1. Itzhak Gilboa, 2009. "Questions in Decision Theory," Levine's Working Paper Archive 814577000000000335, David K. Levine.
  2. Itzhak Gilboa & David Schmeidler, 2001. "A cognitive model of individual well-being," Social Choice and Welfare, Springer, vol. 18(2), pages 269-288.
  3. Itzhak Gilboa & David Schmeidler, 1993. "Case-Based Consumer Theory," Discussion Papers 1025, Northwestern University, Center for Mathematical Studies in Economics and Management Science.

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