Rationality and Process

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  • Title: Rationality and Process
  • Author(s): J. E. R. Staddon
  • Date: 25 May 2007
  • Keyname: 2007-05-25-Staddon
  • Responds to: The Traveler's Dilemma
  • Lead-in: There is a philosophical (or perhaps definitional) problem with the analysis so engagingly presented by Basu. Definition: The rational choice is the one that (for defensible reasons) gains the most payoff. Thus, buying a lottery ticket on a hunch is not rational even if you win...

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Author
John Staddon +
Author/affil
Duke University +  and University of York +
Author/ref
Staddon +
Keyname
2007-05-25-Staddon +
Lead-in
There is a philosophical (or perhaps defin … There is a philosophical (or perhaps definitional) problem with the analysis so engagingly presented by Basu. Definition: The rational choice is the one that (for defensible reasons) gains the most payoff. Thus, buying a lottery ticket on a hunch is not rational even if you win...a hunch is not rational even if you win... +
Listing section
Rationality +
Page type
Spec/response +
Responds to
2007-Basu +
Title
Rationality and Process +
Date"Date" is a type and predefined property provided by Semantic MediaWiki to represent date values.
May 25, 2007 +