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Collective Rationality
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Collective Rationality: Equilibrium in Cooperative Games

Paul Weirich

Abstract

A theory of collective rationality identifies collective acts that are evaluable for rationality and formulates principles for their evaluation. This book argues that a group's act is evaluable for rationality if it is the product of acts its members freely and fully control. It also argues that such an act is collectively rational if the acts of the group's members are rational. Efficiency is a goal of collective rationality, but not a requirement, except in cases where conditions are ideal for joint action and agents have rationally prepared for coordination. A theory of collective rationali ... More

Keywords: act, coalition, control, coordination, efficiency, equilibrium, game theory, rationality, social institution, solution

Bibliographic Information

Print publication date: 2010 Print ISBN-13: 9780195388381
Published to Oxford Scholarship Online: September 2009 DOI:10.1093/acprof:oso/9780195388381.001.0001

Authors

Affiliations are at time of print publication.

Paul Weirich, author
University of Missouri
Author Webpage

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