Publication: The Diversity of Rational Choice Theory: A Review Note
The Diversity of Rational Choice Theory: A Review Note
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Herfeld, C. (2020). The Diversity of Rational Choice Theory: A Review Note. Topoi: An International Review of Philosophy, 39, 329–347. https://doi.org/10.1007/s11245-018-9588-7
Abstract
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In this paper, I review the literature on rational choice theory (RCT) to scrutinize a number of criticisms that philosophers have voiced against its usefulness in economics. The paper has three goals: first, I argue that the debates about RCT have been characterized by disunity and confusion about the object under scrutiny, which calls into question the effectiveness of those criticisms. Second, I argue that RCT is not a single and unified choice theory—let alone an empirical theory of human behavior—as some critics seem to suppose.
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Herfeld, C. (2020). The Diversity of Rational Choice Theory: A Review Note. Topoi: An International Review of Philosophy, 39, 329–347. https://doi.org/10.1007/s11245-018-9588-7
