Advanced Search
MyIDEAS: Login

Rationality and its bounds: Re-framing social framing

Contents:

Author Info

  • Matthias Klaes

    (Centre for Economic Research, Keele University, England)

Abstract

The concept of bounded rationality has been at the forefront of a recent empiricist program in economics which under the heading of ‘behavioral economics ‘ seeks to broaden the rational choice paradigm in the direction of psychology, to the neglect of a similar broadening in the direction of sociology. While a small but increasing number of studies consider the influence of social framing on economic decision making, these studies proceed on an impoverished understanding of the social, treating social framing as inessential in a sense clarified in this chapter, which argues for an essential notion of social framing effects. Starting point is Pareto’s distinction between logical and non-logical action, and an exploration of how the concept of bounded rationality has been employed to broaden the logical action paradigm in economics towards its counterpart of non-logical action. The puzzle of successfully performed transactions in anonymous non-repetitive encounters serves as illustrative context and builds up to the overarching argument that in conceptual terms, social framing needs to be understood in the more general context of human intentionality, where rational behavior can be addressed as a particular kind of intentional response to environmental factors. The paper pursues this argument in the context of social framing by drawing from Pettit’s (1993) dual distinction between atomism ver-sus holism on the one hand, and individualism versus collectivism on the other hand, to introduce a the distinction between essential as opposed to inessential social framing effects. It concludes that departures from psychologistic notions of bounded rationality require a theory of essential social framing, in the sense that the social frames intentional behavior in a constitutive way.

Download Info

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
File URL: http://www.sceme.org.uk/wps/SCEME012_Klaes_2006.pdf
Our checks indicate that this address may not be valid because: 500 Can't connect to www.sceme.org.uk:80 (Bad hostname). If this is indeed the case, please notify (Matthias Klaes)
Download Restriction: no

Bibliographic Info

Paper provided by SCEME in its series SCEME Working Papers: Advances in Economic Methodology with number 012/2006.

as in new window
Length: 13 pages
Date of creation: Jul 2006
Date of revision:
Handle: RePEc:sti:wpaper:012/2006

Contact details of provider:
Email:
Web page: http://www.sceme.org.uk/
More information through EDIRC

Related research

Keywords: bounded-rationality; social-framing;

Find related papers by JEL classification:

References

No references listed on IDEAS
You can help add them by filling out this form.

Citations

Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
as in new window

Cited by:
  1. Dorian Jullien, 2013. "Asian Disease-type of Framing of Outcomes as an Historical Curiosity," GREDEG Working Papers 2013-47, Groupe de REcherche en Droit, Economie, Gestion (GREDEG CNRS), University of Nice Sophia Antipolis.
  2. Dorian Jullien, 2013. "Intentional Apple-choice Behaviors: When Amartya Sen Meets John Searle," GREDEG Working Papers 2013-46, Groupe de REcherche en Droit, Economie, Gestion (GREDEG CNRS), University of Nice Sophia Antipolis.

Lists

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

Statistics

Access and download statistics

Corrections

When requesting a correction, please mention this item's handle: RePEc:sti:wpaper:012/2006. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Matthias Klaes) The email address of this maintainer does not seem to be valid anymore. Please ask Matthias Klaes to update the entry or send us the correct address.

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.