We consider extensions of some classical rational axioms introduced in conventional choice theory to valued preference relations. The concept of kernel is revisited using two ways: one proposes to determine kernels with a degree of qualification and the other presents a fuzzy kernel where every element of the support belongs to the rational choice set with a membership degree. Links between the...

Game theory as long as it is a study of interdependent rational choice, can be used to explain, to predict and evaluate human behavior in contexts where the outcome of action depends on what other agents choose to do. Game theory can be made relevant to ethics and can be used in moral and political philosophy, including economics, business and public policy areas.

This paper builds an automated negotiation process model for integrative negotiations. The defines and automates the necessary phases activities along with approach principles to create win-win outcomes that mutually satisfy negotiating parties. However, realize this objective, literature theories are reviewed determine relevant negotiations help develop form basis of model. After investigation...

This article elaborates on foundational issues in the social sciences and their impact on the contemporary theory of belief revision. Recent work in the foundations of economics has focused on the role external social norms play in choice. Amartya Sen has argued in [Sen93] that the traditional rationalizability approach used in the theory of rational choice has serious problems accommodating th...

We introduce a “reason-based” way of rationalizing an agent’s choice behaviour, which explains choices by specifying which properties of the options or choice context the agent cares about (the “motivationally salient properties”) and how he or she cares about these properties (the “fundamental preference relation”). Reason-based rationalizations can explain non-classical choice behaviour, incl...

Economic theory and legal theory can both claim to provide plausible accounts of rational decision-making. Yet, despite the growth of "law and economics" as a hugely successful area of interdisciplinary study, therff is very little intellectual exchange between the rational choice theorist who attempts to explain economic behaviour on the one hand, and the more philosophically inclined theorist...

This paper deals with hyperbolic discounting in a macro context. Time consistency is discussed in terms of rational behavior and rational expectations. The theory is applied to the intertemporal consumption decision in order to explain undersaving in an economy. Moreover, possible implications on policy makers’ decisions on reforms and budget deficits are evinced. Finally, the Ricardian equival...

Economists who emphasize path dependence generally dispute, at first approximation, the effectiveness of rational choice in understanding institutions. Such economists, belonging to the original (old) institutional economics and the historical school maintain that the constraint function is riddled with inefficient technologies and institutions which agents fail to replace with superior ones ev...

Does Rational Choice Theory (RCT) have something important to contribute to the humanities? Jon Elster and others answer affirmatively, arguing that RCT is a powerful tool that will lend clarity and rigor to work in the humanities just as it (presumably) has in economics. This essay examines the disciplinary values according to which the application of RCT in economics has been judged a “succes...

Behavioral IR is enjoying newfound popularity. Nonetheless, attempts to integrate behavioral research into the larger project of theory have proven controversial. Many scholars treat findings as a trove plausible ad hoc modifications rational choice models, thereby lending credence arguments that merely residual, empirical, and hence not theoretical. Others limit their cataloging outcomes consi...