Rationality and Dynamic Choice: Foundational Explorations

Author: McClennen Edward F.
Publisher: Cambridge University Press
Keywords: explorations, foundational, choice, dynamic, rationality
Number of Pages: 328
Published: 1990-05-25
List price: $120.00
ISBN-10: 0521360471
ISBN-13: 9780521360470

Book Description:

In this major contribution to the theory of rational choice the author sets out the foundations of rational choice, and then sketches a dynamic choice framework in which principles of ordering and independence follow from a number of apparently plausible conditions. However there is potential conflict among these conditions, and when they are weakened to avoid it, the usual foundations of rational choice no longer prevail. The thrust of the argument is to suggest that the theory of rational choice is less determinate than many suppose.


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