Topic
Rationality
About: Rationality is a research topic. Over the lifetime, 20459 publications have been published within this topic receiving 617787 citations.
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TL;DR: The authors argue that accounting acts always and already are implicated in the teleological possibilities and actualities that inform objective, intersubjective, and private experience; and, because accounting is so implicated, its legitimacy is seen to depend upon democratic adjudication of reasons for and protests against particular forms of accounting practice.
134 citations
TL;DR: A survey of the literature on closed-end fund discounts can be found in this paper, where the authors summarize the findings from over 70 studies of closed end funds, and present directions for future research.
Abstract: This survey reviews the evolving literature on closed-end fund discounts. Many studies have attempted to explain the existence and the behavior of the discount to net asset value, emphasizing biases in the calculation of NAV, agency costs, tax-timing options and market segmentation. None has been able to provide a full explanation. As a result, some researchers have found it necessary to resort to models of limited rationality. This gives rise to potential opportunities for exploiting the discount. We summarize the findings from over 70 studies of closed-end funds, and present directions for future research.
133 citations
TL;DR: In this article, the authors generalize majority voting by considering quota rules, which accept each proposition if and only if the number of individuals accepting it exceeds a given threshold, where different thresholds may be used for different propositions.
Abstract: The widely discussed `discursive dilemma' shows that majority voting in a group of individuals on logically connected propositions may produce irrational collective judgments. We generalize majority voting by considering quota rules, which accept each proposition if and only if the number of individuals accepting it exceeds a given threshold, where different thresholds may be used for different propositions. After characterizing quota rules, we prove necessary and sufficient conditions on the required thresholds for various collective rationality requirements. We also consider sequential quota rules, which ensure collective rationality by adjudicating propositions sequentially and letting earlier judgments constrain later ones. Sequential rules may be path dependent and strategically manipulable. We characterize path independence and prove its essential equivalence to strategy proofness. Our results shed light on the rationality of simple-, super-, and sub-majoritarian decision making.
133 citations
04 May 2018
TL;DR: In this article, the authors take the view of Simon that an individual's decision-making behavior is characterized by "limited" or "bounded" rationality and classify criminal choices into two broad groups: involvement and event decisions.
Abstract: A pressing need for cash, and a lack of other practical alternatives, criminal or noncriminal, can make armed robbery an attractive option for some individuals. And knowing where to find cash-rich victims and how to overcome opposition can make the rewards well worth the risk and effort. In the rational choice perspective, criminal acts are never "senseless," but are viewed as purposive acts intended to bring some benefit to the offender. The benefits of theft are obvious, but the rewards of crime can also include excitement, fun, prestige, sexual gratification, and the defiance or domination of others. The rational choice perspective takes the view of Simon that an individual's decision-making behavior is characterized by "limited" or "bounded" rationality. Criminal choices can be divided into two broad groups: "involvement" and "event" decisions. Event decisions relate to the commission of a particular offense.
133 citations
133 citations