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Anthony Downs Introduction I. The Meaning of Rationality In The Model a. The Concept of Rationality In Economic Theory i. If a theorist knows the ends of some decision-maker
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Submitted by kjazz06 on October 12, 2006
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Introduction
I. The Meaning of Rationality In The Model
a. The Concept of Rationality In Economic Theory
i. If a theorist knows the ends of some decision-maker
ii. he calculates the most reasonable way for the decision-maker to reach his goals
iii. he assumes this way will actually be chosen because he decision-maker is rational
b. Economic analyses consists of two major steps
i. Discovery of the ends a decision-maker is pursuing
ii. Analyses of which means of attaining them are most reasonable (least input of scarce resources.)
c. Economic definition solely refers to a man who moves toward his goals in a way which, to the best of his knowledge, uses the least possible scarce resources per unit of valued output.
i. Example: Monk seeks to attain peace with God, he must clear his mind of logical thought.
ii. Perfect economic definition, but would be considered irrational by non-economic definitions.
d. A Rational man is one who behaves as follows:
i. can always make a decision when confronted with range of
Choices.
Ranks all alternatives.
ranking is transitive
-always chooses from highest in his rankings
always chooses same choice when faced with same alternatives.
-Rationality refers to process of action, not to ends or their success at reaching desired ends
b. The Narrow Concept of Rationality in The Present Study
-Cannot assume all behavior is rational
-it is aimed at some end
-it returns returns must have outweighted its costs in his eyes or would not have done it.
-People choose to do things for their own reasons.
-Therefore the personality is not taken into account
-Man voting so wife won't be mad, perfectly rational for his situation.
c. Irrationality and the Basic Function of Political Rationality
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