Ordinal Preference and Rational Choice

Econometrica ◽  
1973 ◽  
Vol 41 (2) ◽  
pp. 187 ◽  
Author(s):  
Hans G. Herzberger
Keyword(s):  
Rational Choice ◽  
Ordinal Preference

Why Rational Agents Should Not Be Liberal Maximizers

2008 ◽  
Vol 34 ◽  
pp. 1-17 ◽  
Author(s):  
Isaac Levi
Keyword(s):  
Rational Choice ◽  
Rational Agent ◽  
Rational Agents ◽  
Weak Ordering ◽  
Ordinal Preference ◽  
The Moment

Hans Herzberger's 1973 essay ‘Ordinal Preference and Rational Choice’ is a classic milestone in the erosion of the idea that rational agents are maximizers of utility. By the time Herzberger wrote, many authors had replaced this claim with the thesis that rational agents are maximizers of preference. That is to say, it was assumed that at the moment of choice a rational agent has a weak ordering representing his or her preferences among the options available to the agent for choice and that the rational agent restricts choice to one of the optimal options. Such an option is an available option judged at least as good as imy other.

Rational Choice Theory and the 1990 Party Merger in South Korea

OUGHTOPIA ◽  
2020 ◽  
Vol 35 (2) ◽  
pp. 247-282
Author(s):  
In-Kyun Kim ◽  
Myeong-Geon Koh
Keyword(s):  
South Korea ◽  
Rational Choice ◽  
Rational Choice Theory ◽  
Choice Theory

Rational Choice of Information Form Converters for Automated Systems in Construction

2020 ◽  
pp. 60-65
Keyword(s):  
Rational Choice ◽  
Construction Industry ◽  
Correct Choice ◽  
Automated System ◽  
Digital Code ◽  
Automated Control ◽  
Sigma Delta ◽  
Processor Core ◽  
Building Monitoring ◽  
High Level

In automated control systems for technical processes, the conversion of a continuous signal into a digital code and vice versa from a digital code to a continuous (analog) value is widely used. For direct type converters often used the term ADC, the reverse - DAC. The characteristics of the converters often dramatically affect the parameters of the entire automated system. The importance of the correct choice of ADCs and DACs has especially increased recently in connection with the mass introduction of microcontrollers MC. Indeed, in addition to the ADC and DAC, it is necessary to place the processor core in the microcontroller's crystal, I/O interfaces and many other elements necessary for the functioning of the MC. The use of information converters in the construction industry imposes additional requirements on converters: for example, in building monitoring systems, precision ADCs with extremely high accuracy are often required (while performance may be low), in other applications it is necessary to provide the necessary parameters at a high level of industrial interference, etc. This article explores issues related to the rational choice of ADCs and DACs, taking into account current trends in the IT field and the specifics of work in the construction industry. Sigma-Delta converters are noted as the most promising models of direct type converters.

POLITICS-LAW CONVERGENCE OR DIVERGENCE? 'SMALL' POLITICAL PARTIES, REALPOLITIKAND SOUTH AFRICA'S 20 YEARS OF DEMOCRACY

2015 ◽  
Vol 2 (1) ◽  
Author(s):  
Kealeboga J Maphunye
Keyword(s):  
Game Theory ◽  
Political Parties ◽  
Rational Choice ◽  
Significant Role ◽  
Rational Choice Theory ◽  
Choice Theory ◽  
Democratic Consolidation ◽  
Secondary Research ◽  
Extant Literature ◽  
African Charter

This article examines South Africa's 20-year democracy by contextualising the roles of the 'small' political parties that contested South Africa's 2014 elections. Through the  prism  of South  Africa's  Constitution,  electoral legislation  and the African Charter on Democracy, Elections and Governance, it examines these parties' roles in South Africa's democratisation; their influence,  if any, in parliament, and whether they play any role in South Africa's continental or international engagements. Based on a review of the extant literature, official documents,  legislation, media, secondary research, reports and the results of South Africa's elections, the article relies on game theory, rational choice theory and theories of democracy and democratic consolidation to examine 'small' political parties' roles in the country's political and legal systems. It concludes that the roles of 'small' parties in governance and democracy deserve greater recognition than is currently the case, but acknowledges the extreme difficulty experienced by the 'small'  parties in playing a significant role in democratic consolidation, given their formidable opponent in a one-party dominant system.

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