Cognition and Extended Rational Choice

Cognition and Extended Rational Choice

by Howard Margolis
     
 

ISBN-10: 041570197X

ISBN-13: 9780415701976

Pub. Date: 12/14/2007

Publisher: Taylor & Francis

One of the most exciting recent innovations in the social sciences has been the emergence of "behavior economics," which extends the notion of rational choice to allow for both motivation beyond self-interest and intuitions that cannot be reduced to the logic of a situation. This new book by Howard Margolis demonstrates how an account of widely-discussed topics, from…  See more details below

Overview

One of the most exciting recent innovations in the social sciences has been the emergence of "behavior economics," which extends the notion of rational choice to allow for both motivation beyond self-interest and intuitions that cannot be reduced to the logic of a situation. This new book by Howard Margolis demonstrates how an account of widely-discussed topics, from tipping points in social choice to cognitive illusions and experimental anomalies, can be brought within a coherent framework.

Starting from Darwin's own comments on the origins of moral concerns and from a review of notorious cognitive illusions, Margolis shows how rational choice theory can be extended to incorporate social as well as self-interested motivation, but allowing for the cognitive complications that can be expected in domains well-outside familiar experience. This yields a coherent account of many otherwise mystifying results from cooperation experiments. A concluding chapter illustrates how the argument can be applied to the salient empirical topic of jihadist terrorism.

This book will be of great interest not only to students and researchers in behavioral and experimental economics but across the social sciences.

About the Author:
Howard Margolis is a Professor in the Irving B. Harris Graduate School of Public Policy Studies and the College

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Product Details

ISBN-13:
9780415701976
Publisher:
Taylor & Francis
Publication date:
12/14/2007
Pages:
252
Product dimensions:
6.14(w) x 9.21(h) x 0.63(d)

Table of Contents

List of figures     vii
List of tables     viii
Acknowledgements     ix
Introduction     1
The NSNX model     6
Dual-utilities     22
Equilibrium norms     31
The Schelling diagram     49
Using the S-diagram     73
Adverse defaults     87
Anomalies in experimental economics     107
NSNX effects in the Public Goods game     129
Reciprocity puzzles     155
Social illusions     178
Notes on terrorism     194
Notes on the template     208
QRE and NSNX     211
Notes     228
References     233
Index     239

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