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The term paradox of rationality has a variety of meanings. It is often used for puzzles or unsolved problems of rationality. Some are just situations where it is not clear what the rational person should do. Others involve apparent faults within rationality itself, for example, where rationality seems to recommend a suboptimal course of action. [7]
In sociology, the term rationalization was coined by Max Weber, a German sociologist, jurist, and economist. [1] Rationalization (or rationalisation) is the replacement of traditions, values, and emotions as motivators for behavior in society with concepts based on rationality and reason. [2]
Social rationality is a form of bounded rationality applied to social contexts, where individuals make choices and predictions under uncertainty. [1] While game theory deals with well-defined situations, social rationality explicitly deals with situations in which not all alternatives, consequences, and event probabilities can be foreseen.
(1) instrumentally rational (zweckrational), that is, determined by expectations as to the behavior of objects in the environment and of other human beings; these expectations are used as "conditions" or "means" for the attainment of the actor's own rationally pursued and calculated ends; (2) value-rational (wertrational), that is, determined ...
The concept of rationality used in rational choice theory is different from the colloquial and most philosophical use of the word. In this sense, "rational" behaviour can refer to "sensible", "predictable", or "in a thoughtful, clear-headed manner." Rational choice theory uses a much more narrow definition of rationality.
II:76, 652 His prime example of instrumental action was the same as Weber's: widespread use of utilitarian means to satisfy individual ends. [6]: 51–5, 698 His prime example of value-rational action was institutionalised rituals found in all societies: culturally prescribed but eternally legitimate ends. [6]: 467, 675–9, 717 [7]
In sociology, the iron cage is a concept introduced by Max Weber to describe the increased rationalization inherent in social life, particularly in Western capitalist societies. The "iron cage" thus traps individuals in systems based purely on teleological efficiency, rational calculation and control.
Bounded rationality is the idea that rationality is ... An example of behaviour inhibited by heuristics can be seen when comparing the cognitive strategies utilised ...