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One of the most exciting recent innovations in the social sciences has been the emergence of behaviour economics', which extends the notion of rational choice to allow for both motivation beyond self-interest and intuitions that cannot be reduced to the logic of a situation. This new book by Howard Margolis demonstrates how an account of widely-discussed topics, from tipping points in social choice to cognitive illusions and experimental anomalies, can be brought within a coherent framework. Starting from Darwin's own comments on the origins of moral concerns and from a review of notorious cognitive illusions, Margolis shows how rational choice theory can be extended to incorporate social as well as self-interested motivation, but allowing for the cognitive complications that can be expected in domains well-outside familiar experience. This yields a coherent account of many otherwise mystifying results from cooperation experiments. A concluding chapter illustrates how the argument can be applied to the salient empirical topic of jihadist terrorism. This book will be of great interest not only to students and researchers in behavioural and experimental economics but across the social sciences.
One of the most exciting recent innovations in the social sciences has been the emergence of behaviour economics', which extends the notion of rational choice to allow for both motivation beyond self-interest and intuitions that cannot be reduced to the logic of a situation. This new book by Howard Margolis demonstrates how an account of widely-discussed topics, from tipping points in social choice to cognitive illusions and experimental anomalies, can be brought within a coherent framework. Starting from Darwin's own comments on the origins of moral concerns and from a review of notorious cognitive illusions, Margolis shows how rational choice theory can be extended to incorporate social as well as self-interested motivation, but allowing for the cognitive complications that can be expected in domains well-outside familiar experience. This yields a coherent account of many otherwise mystifying results from cooperation experiments. A concluding chapter illustrates how the argument can be applied to the salient empirical topic of jihadist terrorism. This book will be of great interest not only to students and researchers in behavioural and experimental economics but across the social sciences.
In "Paradigms and Barriers" Howard Margolis offers an
For decades, both policymakers and analysts have been frustrated by sharp and stubborn conflicts between expert and lay perceptions on issues of environmental risk. For example, most experts - even those opposed to nuclear power on other grounds - would see precautions like those now in place as adequate to protect against risks from nuclear waste. But the public finds that very hard to believe. Similar sharp conflicts of expert/lay intuition are evident on a wide range of risk issues, from the safety of bendictin as a treatment for morning sickness to the safety of irradiation of food to destroy microorganisms. In Dealing with Risk, Howard Margolis explores the expert/lay rift surrounding such contentious issues and provides a provocative new account. The usual explanation of expert/lay conflicts is that experts are focused only on a narrow notion of risk - such as potential fatalities - but lay intuition is concerned about a wide range of further concerns, such as fairness and voluntariness of exposure. Margolis argues that this rival rationalities view in a fundamental way misses the point of these controversies, since the additional dimensions of lay concern often are more plausibly interpreted as reflections of lay concern than as causes. Margolis argues that risk assessment typically involves weighing a broad range of often complicated trade-offs between costs and benefits. As laypersons, however, we are by definition forced to make judgments on complex matters beyond the scope of our normal experience. Especially in cases involving potential danger, we frequently discount nuance and respond more viscerally. Cognitively we fall back on default responses, all-purpose intuitionssuch as better safe than sorry or nothing ventured, nothing gained. Such intuitions don't admit of careful balancing of pros and cons, and lay opinion consequently becomes polarized and at odds with the expert view.
Why do we volunteer time? Why do we contribute money? Why, even, do
we vote, if the effect of a single vote is negligible?
Rationality-based microeconomic models are hard-pressed to explain
such social behavior, but Howard Margolis proposes a solution. He
suggests that within each person there are two selves, one selfish
and the other group-oriented, and that the individual follows a
Darwinian rule for allocating resources between those two selves.
For decades, policymakers and analysts have been frustrated by the
stubborn and often dramatic disagreement between experts and the
public on acceptable levels of environmental risk. Most experts,
for instance, see no severe problem in dealing with nuclear waste,
given the precautions and safety levels now in place. Yet public
opinion vehemently rejects this view, repudiating both the experts'
analysis and the evidence.
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