Rationality, Markets and Morals

Studies at the Intersection of Philosophy and Economics

 

Rainer Hegselmann

The artic­le descri­bes a radi­cal­ly sim­pli­fy­ing model of opi­ni­on for­ma­ti­on pro­ces­ses. The model abs­tracts away almost ever­y­thing. A very com­mon reac­tion to such an approach is the objec­tion that important fac­tors are not included. The artic­le anti­ci­pa­tes ten objec­tions of this type and tri­es to show how to cope with them wit­hout giving up the radi­cal­ly sim­pli­fy­ing approach. The stra­te­gies that we use can be sum­ma­ri­zed to a cer­tain heu­ristics. Fol­lo­wing the prin­ci­ples of this heu­ristics will often allow at least a par­ti­al qua­li­ta­ti­ve under­stan­ding of real world phe­no­me­na. In many are­as we pro­ba­b­ly can­not hope for more.

Journal Information

RMM is an interdisciplinary publication focusing on issues of rationality, market mechanisms, and the experimental method of reasoning into moral subjects. It provides a forum for dialogue between philosophy, economics, and related disciplines, encouraging critical reflection on the foundations and implications of economic processes.

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Volumes

Rationality, Markets, and Morals: RMM Band 0 (2009)

Rationality, Markets, and Morals: RMM Band 1 (2010)

Rationality, Markets, and Morals: RMM Band 2 (2011)

Rationality, Markets, and Morals: RMM Band 3 (2012)

Rationality, Markets, and Morals: RMM Band 4 (2013)

Rationality, Markets, and Morals: RMM Band 5 (2014)

Rationality, Markets, and Morals: RMM Band 6 (2015)

Name: Rainer Hegselmann