Popp, Alexandru W. A. (2008): The epistemic value of rationality.

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Abstract
Models of rational choice use different definitions of rationality. However, there is no clear description of the latter. We recognize rationality as a conceptual conglomerate where reason, judgment, deliberation, relativity, behavior, experience, and pragmatism interact. Using our definition, the game theoretic idealized principle of rationality becomes absolute. Our model gives a more precise account of the players, of their true behavior. We show that the Rational Method (RM) is the only process that can be used to achieve a specific goal. We also provide schematics of how information, beliefs, knowledge, actions, and purposes interact with and influence each other in order to achieve a specific goal. Furthermore, ration, the ability to think in the RM framework, is a singularity in time and space. Having a unilateral definition of rationality, different models and theories have now a common ground on which we can judge their soundness.
Item Type:  MPRA Paper 

Original Title:  The epistemic value of rationality 
Language:  English 
Keywords:  conceptual conglomerate, traditional rationality, rational method, ration 
Subjects:  C  Mathematical and Quantitative Methods > C7  Game Theory and Bargaining Theory > C79  Other C  Mathematical and Quantitative Methods > C9  Design of Experiments > C99  Other C  Mathematical and Quantitative Methods > C7  Game Theory and Bargaining Theory > C70  General D  Microeconomics > D8  Information, Knowledge, and Uncertainty > D83  Search; Learning; Information and Knowledge; Communication; Belief B  History of Economic Thought, Methodology, and Heterodox Approaches > B0  General > B00  General 
Item ID:  17618 
Depositing User:  Alexandru W. A. Popp 
Date Deposited:  02. Oct 2009 10:15 
Last Modified:  20. Feb 2013 13:11 
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URI:  http://mpra.ub.unimuenchen.de/id/eprint/17618 