Quantifying rationality: A critical evaluation of self-interest
This thesis investigates the relation between rationality in decision-making. People have long been tackling the subject of rationality. It entails the use of reason in decision making. But what makes decision rational? We make choices everyday. Some are said to be rational and some are not. If give...
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| Format: | text |
| Language: | English |
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Animo Repository
2009
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| Subjects: | |
| Online Access: | https://animorepository.dlsu.edu.ph/etd_bachelors/2340 |
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| Institution: | De La Salle University |
| Language: | English |
| Summary: | This thesis investigates the relation between rationality in decision-making.
People have long been tackling the subject of rationality. It entails the use of reason in decision making. But what makes decision rational? We make choices everyday. Some are said to be rational and some are not. If given the chance to make a decision again from the same event, it is clear that we will either choose the same [rational] option or will do better than the previous one one would most likely not wish to choose the irrational. Human beings would want to grasp what is rationality in a decision in order to be able to choose the better ones.
There will be four theories explaining the rationality of decision-making, and these will be inspected here, namely: quantitative, qualitative, relativist, and skeptical. The objective of this paper is to show which one will be the most effective approach in explaining rationality of decision-making. |
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