Meanings of rationality
- 6 April 2006
- book chapter
- Published by Oxford University Press (OUP)
Abstract
This chapter examines the distinctions between three conceptions of rationality, employed in philosophy and psychology, in economics, and in biology. It suggests that an appropriate conception of rationality with which to address questions about the rationality of animals is one that focuses on outcomes rather than the processes that produce them. This conception of rationality is prevalent in economics and it states that behaviour that maximizes expected utility is rational.Keywords
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