Elecciones racionales ¿Utopía?
Individuals constantly make decisions, which in many cases can present coordination and information failures. In this sense, it is important to ask whether individuals always present an optimal and maximizing behavioral pattern in their decisions; understanding this pattern, as a characteristic aspe...
- Autores:
-
Cerquera, Oscar Hernán
Gomez, Camilo
Orjuela, Cristian Felipe
- Tipo de recurso:
- Article of journal
- Fecha de publicación:
- 2018
- Institución:
- Corporación Universidad de la Costa
- Repositorio:
- REDICUC - Repositorio CUC
- Idioma:
- spa
- OAI Identifier:
- oai:repositorio.cuc.edu.co:11323/6400
- Acceso en línea:
- https://hdl.handle.net/11323/6400
https://doi.org/10.17981/econcuc.39.2.2018.09
https://repositorio.cuc.edu.co/
- Palabra clave:
- Rationality
Entropy
Elections
Salience
Racionalidad
Entropía
Elecciones
Saliencia
- Rights
- openAccess
- License
- http://creativecommons.org/publicdomain/zero/1.0/
| Summary: | Individuals constantly make decisions, which in many cases can present coordination and information failures. In this sense, it is important to ask whether individuals always present an optimal and maximizing behavioral pattern in their decisions; understanding this pattern, as a characteristic aspect of the theory of rationality. The objective of the present article is to determine from authors such as McFadden, Woodford, Kahneman, Sims, whether individuals make their decisions based on rationality, or on the contrary, if rationality today is considered as a utopia. In coherence with the methodological approach of this question on the process of rational decision making, an exploratory qualitative analysis was carried out on the main theories and models that have been formulated in recent years. Within the results it is highlighted that although there has been significant progress in the formulation of explanatory models about the decision making processes of the agents, there are still aspects of the theory of rationality in which a higher level is required of empirical evidence and explanatory argumentation. In this sense, McFadden's Theory of Prospective cannot generate economic implications, because the individuals who make arbitrary decisions are limited in the markets. While in the case of the theory of Random Attention developed by Sims and adopted by Woodford, individuals have finite capacity of information processing. |
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