Rational order from ‘irrational’ actions

Shyam Sunder

Mind & Society: Cognitive Studies in Economics and Social Sciences, 2020, vol. 19, issue 2, No 10, 317-321

Abstract: Abstract Rational outcomes of a social system do not necessarily require its individual participants to be rational. In macro systems, aggregate properties distinct from the behavior of their micro level components can emerge through complex interactions. Caution in building social sciences on assumption of methodological individualism seems appropriate.

Keywords: Complexity; Social systems; Rationality; Zero intelligence; Methodological individualism (search for similar items in EconPapers)
Date: 2020
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DOI: 10.1007/s11299-020-00245-1

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