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We Are Smarter than We Think

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  • GUDMUND HERNES

    (Norwegian Royal Ministry of Education, Research, and Ecclesiastical Affairs)

Abstract

Rational choice theory is not a conceptual system to be verified but a family of “sometimes-true theories†that are applicable in certain situations. Even the most heroic family members (i.e., those based on omniscient maximizers) may yield astounding insights, as may those theories based on less potent members (e.g., models based on result-controlled purposive behavior). These assertions are illustrated by Weber's analysis of the transition to capitalism and Marx's depiction of learning by doing .

Suggested Citation

  • Gudmund Hernes, 1992. "We Are Smarter than We Think," Rationality and Society, , vol. 4(4), pages 421-436, October.
    • Handle: RePEc:sae:ratsoc:v:4:y:1992:i:4:p:421-436
    DOI: 10.1177/1043463192004004005
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    References listed on IDEAS

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    1. Neil J. Smelser, 1992. "The Rational Choice Perspective," Rationality and Society, , vol. 4(4), pages 381-410, October.
    2. Gudmund Hernes, 1989. "The Logic of The Protestant Ethic," Rationality and Society, , vol. 1(1), pages 123-162, July.
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    Cited by:

    1. Neil J. Smelser, 1993. "Response to Discussants," Rationality and Society, , vol. 5(1), pages 141-145, January.

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