Itzhak Gilboa argues that economic theory has provided a set of powerful models and introduction to some of thefundamental insights of rational choice theory. Itzhak Gilboa’s book aims at introducing rational choice theory to a readership without prior knowledge of the field. It presents the fundamental. Rational Choice has 29 ratings and 1 review. This text offers a rigorous, concise, and nontechnical introduction to some of the fundamental insights of r.

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I find this treatment completely unacceptable.

Rational Choice

Rather, he considers the model as a “paradigm” rather than a “theory. Gilboa also treats very breezily some issues that merit lengthy argumentation and many examples. Hardcoverpages. The focus is on the concepts, not the mathematics. Gilboa explains the main concepts in language accessible to the nonspecialist, offering a nonmathematical guide to some of the main ideas developed in economic theory in the second half of the twentieth century.

Gilboa explainsthe main concepts in language accessible to the nonspecialist, offering a nonmathematical guide tosome of the main ideas developed in economic theory in the second half of the twentieth century. I believe that economic theory and its fellow disciplines have provided a remarkable collection of powerful models and general insights, which change the way we think about everyday life.

Would you like to tell us about a lower price? First economics is a mathematically oriented field that in many situations fails to provide accurate numerical predictions as do the exact sciences.

There are no discussion topics on this book yet. In the rest of the book, Gilboa does stick to the traditional definition of rationality, but he never explains why.


It draws on formal theories of microeconomics,decision making, games, and social choice, and on ideas developed in philosophy, psychology, andsociology. Olivia marked it as to-read Jan 20, Indeed, this finding is one of the more striking regularities in behavioral game theory. If they do not, then the game is not a prisoner’s dilemma.

Robert Veszteg rated it liked it May 23, Open Preview See a Problem? Preview — Rational Choice by Itzhak Gilboa. It introduces the reader to the tenets of the field, while incorporating insights from philosophy, psychology, and sociology.

I prefer to think of rationality as a notion of stability, or coherence of the decision with the decision maker’s personal standards, rather than as a medal of honor bestowed upon certain decision makers by decision theorists. Gilboa urges the reader to add rational choice theory to his repertoire of tools used to assess social policy.

Rational Choice – Itzhak Gilboa – Google Books

Mojdeh Shahidi added it Jan 23, According to this definition, a mode of behavior is rational for a cholce person if this person feels comfortable with it, and is not embarrassed by it, even when it is analyzed for him No keywords specified fix it.

Gilboa simply doesn’t locate it. First, the only plausible argument for free markets is dynamic and based on the innovative implications of competition and not on the First Welfare Theorem.

Science Logic and Mathematics.

Rational Choice by Itzhak Gilboa

At least twenty pages are required to draw out the implications of the Nash criterion with any rigor, and this can be done with only elementary arithmetic and some logic. Customers who viewed this item also viewed. Rich rated it really liked it Jun 22, cnoice Throughout this book we have encountered questions that arise in the rationak sciences and that lead us to traditional questions in philosophy.


Most opposition to rational choice theory that I have encountered, even when offered by professional behavioral scientists, is in fact couched in vague often even and ignorant terms. Indeed, I cannot imagine why knowledge of rational choice theory could help Ann make such a decision.

Just a moment while we sign you in to your Goodreads account. Return to Book Page. Gilboa attempts to present the notion of Nash equilibrium and critique it in just two or three pages.

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Stanley Kelley – – Critical Review 9 James Bernard Murphy – – Critical Review 9 Susan Wallace added it Feb 02, See all 7 reviews. Share your thoughts with other customers.

Finally, economics is often criticized for failing to deal with important and deep issues such as happiness and well-being, justice and fairness. Klaus Nehring – – Economics and Philosophy 25 3: Shopbop Designer Fashion Brands.

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