100% tevredenheidsgarantie Direct beschikbaar na je betaling Lees online óf als PDF Geen vaste maandelijkse kosten 4.2 TrustPilot
logo-home
Samenvatting

Summary and Overview Rational Choice

Beoordeling
4,5
(2)
Verkocht
18
Pagina's
34
Geüpload op
07-05-2020
Geschreven in
2019/2020

Summary of the Rational Choice Readings from Shepsle and Dixit Summary will be updated before the exam to include overviews of the lecture content












Oeps! We kunnen je document nu niet laden. Probeer het nog eens of neem contact op met support.

Documentinformatie

Heel boek samengevat?
Onbekend
Geüpload op
7 mei 2020
Bestand laatst geupdate op
9 mei 2020
Aantal pagina's
34
Geschreven in
2019/2020
Type
Samenvatting

Voorbeeld van de inhoud

Chapter 1: It isn’t rocket science
A science of politics
● Post-war political science
○ detailed contemporary description and political history writing discussing
almost every asset of American political life
○ thick description (​Geertz​)
○ primarily descriptive and judgmental, less oriented towards explanation and
analysis
● 1960s
○ focus on questions of why
○ empirical regularities


models and theories
● models
○ stylizations meant to reflect grosso modo the real situation
○ stripped down versions of the real thing
● theory
○ model made concrete through specifying abstract model features in the
theory

politics
● politics as indistinguishable from group life generally
○ consists of individuals interacting, cooperating etc. to pursue what they wish
in group life
● benefits
○ helps demystify politics
○ politics extended into daily life

,Chapter 2: Rationality: The model of choice
introduction
● rational choice approach
○ rationality as wants and needs that affect a person's behaviour

preliminaries
● people have preferences preferences
○ wants related to survival
○ socially acquired wants
○ influences: material/economic, religious values, moral precepts, ideological
dispositions, altruistic impulses, and a sense of common destiny with some
form of community
● people are self-interested
○ people pursue the things they regard as important
○ this may include altruistic actions: an individual's conception of self is
reflected in his or her preferences and priorities
● preferences and priorities as interior world
● assumptions need to be made about preferences
● external environment
○ uncertainty about preferences of the other
○ random events we have no control over
○ uncertainty
■ people often do not know how an instrument or behaviour they
adopt might relate to outcomes they value
■ if there was no uncertainty you’d just chose the instruments that lead
to your desired outcome (an A and studying)
● people hold certain beliefs
○ the hunches people have concerning the efficacy of a given instrument or
behaviour obtaining an outcome
○ connect instruments to outcomes
○ instrumental rationality: acting in accord with beliefs and preferences
○ derives from experience (I study and get an A, might as well try it again)
● rational choice is a form of methodological individualism
○ takes as fundamental that individuals have beliefs and preferences

motivation
● economic perspective
○ consumer: spending to maximize utility
○ producer: combine inputs to achieve maximum profits
○ endowment of worker as time
○ investors as providers of capital

, ●
● can we explain variations and regularities in economic performance, outcomes, and
behaviour with a simple set of assumptions?

the simple logic of preference and choice
● building of the model
○ three objects ​x y z ​over which A ​ ​has preferences
○ xPA​ ​y : X​ is prefered over Y by A
○ XIA​ ​ y : ​A is indifferent between X and Y
○ the choice is rational if it is made in accord with preferences: it is rational if
no other available object is better according to the chooser’s preferences
● Property 1: comparability
○ alternatives are comparable in terms of preference
○ alternatives are comparable if one option is prefered over the other
● Property 2: Transitivity
○ transitive if x is preferred over all other options
● if preferences are comparable and transitive then there is preference ordening
● problem of comparability
○ situations in which comparison doesn’t make sense
○ choices must have meaning to the choosers if they are to be guided by
principled considerations such as those associated with rationality

the maximization paradigm
● ordering principle
○ ordering a set of objects, that reflects personal tastes and values
○ rationality is associated with capacity and aptitude to order
● maximizing behaviour
○ what is the person seeking to maximize (goal)
○ look back at economics: consumers seek to maximize utility, producers
profits.. etc.

environmental uncertainty and beliefs
● in many circumstances the actor does not choose outcomes, but instruments that
can affect outcomes.
○ we can not choose to be president, but we can choose to instrument of a
campaign that might lead to office
● belief as a probability statement relating to the effectiveness of a specific action or
instrument for achieving various outcomes
● uncertainty

, ○ choices involving an uncertainty of outcome are choices of risk
● utility number
○ assigning a numerical value to an outcome ​x y z → u(x)​ etc.
○ ranking these numbers based on preference (quantifying how much we
prefer something over the other)
● probability
○ Pr​A ​(x)= ½ , Pr​A​ (y)= 0 , Pr​A​(z) = ½
○ A = (½ x, 0 y, ½ z)
○ making a decision under risk involves choosing the best lottery: ​principle of
expected utility
○ EU(A) = Pr​A​(x) ⋅ u(x) ⋅ Pr​A​(y) ⋅ u(y) ⋅ Pr​A​(z) ⋅ u(z)
● It is hard to be rational under confusion, but ordering is possible for people have
some hunch about utility

Beoordelingen van geverifieerde kopers

Alle 2 reviews worden weergegeven
3 jaar geleden

5 jaar geleden

4,5

2 beoordelingen

5
1
4
1
3
0
2
0
1
0
Betrouwbare reviews op Stuvia

Alle beoordelingen zijn geschreven door echte Stuvia-gebruikers na geverifieerde aankopen.

Maak kennis met de verkoper

Seller avatar
De reputatie van een verkoper is gebaseerd op het aantal documenten dat iemand tegen betaling verkocht heeft en de beoordelingen die voor die items ontvangen zijn. Er zijn drie niveau’s te onderscheiden: brons, zilver en goud. Hoe beter de reputatie, hoe meer de kwaliteit van zijn of haar werk te vertrouwen is.
dannydonker Universiteit Leiden
Bekijk profiel
Volgen Je moet ingelogd zijn om studenten of vakken te kunnen volgen
Verkocht
373
Lid sinds
6 jaar
Aantal volgers
208
Documenten
11
Laatst verkocht
3 maanden geleden

3,6

81 beoordelingen

5
13
4
30
3
32
2
5
1
1

Recent door jou bekeken

Waarom studenten kiezen voor Stuvia

Gemaakt door medestudenten, geverifieerd door reviews

Kwaliteit die je kunt vertrouwen: geschreven door studenten die slaagden en beoordeeld door anderen die dit document gebruikten.

Niet tevreden? Kies een ander document

Geen zorgen! Je kunt voor hetzelfde geld direct een ander document kiezen dat beter past bij wat je zoekt.

Betaal zoals je wilt, start meteen met leren

Geen abonnement, geen verplichtingen. Betaal zoals je gewend bent via iDeal of creditcard en download je PDF-document meteen.

Student with book image

“Gekocht, gedownload en geslaagd. Zo makkelijk kan het dus zijn.”

Alisha Student

Veelgestelde vragen