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Full-Text Articles in Law
Rational Choice And Reasonable Interactions, Bruce Chapman
Rational Choice And Reasonable Interactions, Bruce Chapman
Chicago-Kent Law Review
Game theory probably offers the most well-known account of how rational agents interact in strategic situations. The rational thought processes that are involved, while enormously sophisticated, remain very private for each agent. Less well known is the alternative account that is offered by law and legal theory, an account where agents interact, and understand their interaction, under the idea of public (or objective) reasonableness. This Article argues, using some simple examples, that the legal account does better than the game theoretic account in explaining the actual levels of cooperation and coordination we observe across rational individuals in strategic situations.
For Love Or Money: Some Emotional Foundations Of Rationality, Gerald L. Clore
For Love Or Money: Some Emotional Foundations Of Rationality, Gerald L. Clore
Chicago-Kent Law Review
Having emotions represents what people value. Just as cognition concerns whether things are true and false; emotion is about whether they are good or bad. Thus, emotion may be a necessity for rationality, rather than its antithesis. Our emotion research shows that emotional feelings provide compelling information about the value of outcomes, actions, and objects. As a result, although it can also lead to excess, emotions provide a coherent basis for judgment and decision. In addition, I suggest that the current psychological theory is helpful in thinking about rationality because it assumes more than one mode of reasoning. Similarly, current …
Roundtable Discussion: Must We Choose Between Rationality And Irrationality?, Chicago-Kent Law Review
Roundtable Discussion: Must We Choose Between Rationality And Irrationality?, Chicago-Kent Law Review
Chicago-Kent Law Review
No abstract provided.
Rational Choice And Rat Choice: Some Thoughts On The Relationship Among Rationality, Markets, And Human Beings, Edward L. Rubin
Rational Choice And Rat Choice: Some Thoughts On The Relationship Among Rationality, Markets, And Human Beings, Edward L. Rubin
Chicago-Kent Law Review
For about 2,500 years, the term rationality has been used in the Western world to describe the application of human reason to a wide range of problems or issues. In the past thirty years, however, the term has been appropriated by microeconomists and microeconomically-oriented social scientists to mean something quite different—the application of instrumental rationality to the particular problem of material self-interest maximization. This Article will attempt to recapture the original meaning of the term rationality, and explain the place of the microeconomic model within it. Using Weber's distinction between instrumental rationality and values rationality, it will argue that all …