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Rationality

The term "rationality" is used differently in different disciplines.

In philosophy, rationality is the exercise of reason, a key method used to analyze the data gained through systematically gathered observations.

In economics, sociology, psychology and political science, a rational decision is one that is optimal, given the available information, in terms of achieving a goal, and individuals or organizations are called rational if they take rational decisions in pursuit of their goals. Thus one speaks, for example, of a rational allocation of resources, or of a rational corporate strategy. In this concept of "rationality", the individual's goals or motives are taken for granted and not made subject to criticism, ethical or otherwise. Thus, rationality simply refers to the success of goal attainment, whatever those goals may be. Sometimes, in this context, rationality is equated with behavior that is self-interested to the point of being selfish. Sometimes rationality implies having complete knowledge about all the details of a given situation.

Debates arise in these four fields about whether or not people or organizations are "really" rational, as well as whether it make sense to model them as such in formal models. Some have argued that a kind of bounded rationality makes more sense for such models. Others think that any kind of rationality along the lines of rational choice theory is a useless concept for understanding human behavior; the term homo economicus (economic man: the imaginary man being assumed in economic models who is logically consistent but amoral) was coined largely in honor of this view.

Rationality is a central principle in artificial intelligence, where a rational agent is specifically defined as an agent which always chooses the action which maximises its expected performance, given all of the knowledge it currently possesses. Whether or not people are capable of rational thought is a key question in the psychology of reasoning.[1]

Quality of Rationality

Theories of rationality

Theoretical and practical rationality

Use of the term rational

Rationality and psychotherapy

See also

References

External links and references


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