Abstract
The normative aspects of the concept of rationality are explored. This exploration is based on a distinction between two aspects of the concept of rationality, the aspect of truth and the aspect of meaning. It is argued that basically rationality is a concept which refers to the practical ability of human beings to cope with complexity and uncertainty. Some ideas for moving beyond the expected utility proposition are suggested.
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© 1989 Kluwer Academic Publishers
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Madsen, E.K. (1989). Beyond the Expected Utility Proposition in Rational Decision Making. In: Grunert, K.G., Ölander, F. (eds) Understanding Economic Behaviour. Theory and Decision Library, vol 11. Springer, Dordrecht. https://doi.org/10.1007/978-94-009-2470-3_11
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DOI: https://doi.org/10.1007/978-94-009-2470-3_11
Publisher Name: Springer, Dordrecht
Print ISBN: 978-94-010-7614-2
Online ISBN: 978-94-009-2470-3
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