Philosophy of Science Exam Flashcards

1
Q

What are the three grand theories of knowledge?

A

1) Rationalism (“Thinking is the basis for all knowledge”)
2) Empiricism (“Knowledge comes only from observations”)
3) Idealism (“All knowledge comes from experience”)

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

What is Ontology?

A

(Greek ōn, ont− ‘being’); study of being and existence. It seeks to determine what entities can be said to exist, then we can group them based on their characteristics. In the philosophy of management ontology considers such problems as – can organisations be reduced to individuals or are they considered a whole. Overall, is social reality constructed based on human beliefs in opposition to physical reality. On individual level we question the existence of free will, intentions, choices, etc.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

What is Social ontology?

A

The analysis and study of various entities that arise from social interactions. It exists as much as we accept it to exist in everyday reality. Covers such concepts as money, as it is from a natural reality standpoint only a paper bill, in social reality we give it a meaning based on the number on it, similar examples are also market, organizations, etc.. The banknote represents value because everyone acts as if it has that value. More examples of problems investigated are self-fulfilling prophecies and the “double hermeneutic”.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

What is Epistemology?

A

(Greek epistēmē (“knowledge”) and logos (“reason”)); the study of knowledge, what knowledge is, and how it is acquired about reality (one of the four branches with ethics, logic, and metaphysics in philosophy). Usually questions theories, sciences, reliability of knowledge, etc. Overall, the main concern is whether something is opinion, belief, or knowledge. We test if “Can we study social reality the same way as we study physical reality?”, etc.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

Explain Causality in terms of two variables - x; y.

A

An outcome Y, is caused by a cause X, if and only if when X had occurred Y would also have occurred, AND, if X had not occurred, Y would also not have happened.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

What is “Causal explanation”?

A

assumption that by explaining the cause of phenomena we explain the phenomena itself. Used mostly in fields like physics and biology (natural sciences).

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
7
Q

What is “Functional explanation”?

A

Explaining social phenomena by the functions they serve. For instance, the heart functions to pump blood, therefore, explaining why the heart exists in certain organisms. Usually used in biology.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
8
Q

Explain the positive and normative theory

A

Positive theory:
Explains the world in a value-free way, as it is “What is”. Tends to make explicit positive expectations towards the world. Has a theory–to–world direction of fit. “Government-provided healthcare increases public expenditures”.

Normative theory:
Provides a value-based view of what the world ought to be. Makes normative expectations towards the world. Has a world-to-theory direction of fit. “Healthcare should be accessible to everyone”.
Overall strengthens the epistemological view that knowledge should be based on empirical evidence.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
9
Q

What is Logical Positivism? (also known as logical empiricism)

A

A philosophical movement that first was founded by Vienna Circle in 1920. Proposed that science should lead the way out of misery rather than religion and meta-physics. Logical positivism, also considered as frontier of scientific knowledge, is very similar to empiricism as it states that only observable statements can be verified. However, the main difference from positivism and empiricism is that through experiments knowledge is verified rather than just based on personal experiences. Furthermore, statements that provide logical proof are also considered as scientific. The main goal was to unify science.

Skaidrojums latviski, no grāmatas:

Pozitīvisms rodas 19.gs. Francijā. Jaunlaiku empīriķu mācības apkopojums (Bacon, Lock, Hume), kas tiecas uz skaidrām un patiesām zināšanām, balstītām uz faktiem. Pozitīvismam raksturīga orientācija uz zinātni, par ideālu ievirzot dabaszinātnisko skatījumu uz pasauli. Pozitīvisti neatbalsta dabaszinātnisko skatījumu uz pasauli, kam nav tiešas saistības ar empīrisko realitāti.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
10
Q

What is Rationalism (epistemology)?

A

Observations are unreliable, as we have prior knowledge (a priori knowledge) of the world without experiencing it. Reasons (developed theories) are a valid source of knowledge even when we can’t confirm them with observations. One example is a triangle and the theorems that we can associate with it. Even though we can’t observe it empirically, we still can apply the Pythagorean theorem. Therefore, a priori knowledge can be acquired without using any senses such as hearing, seeing, or touching and this apprehension by the intellect creates knowledge in fields like mathematics and logic as a whole and give insights into other studies. (In simple words - We learn about things and gain prior knowledge without even experiencing them, for example, in math, we can’t see and observe numbers but we know the relations they have because of apprehension/understanding by intellect). The problem is that everything around us becomes empirically meaningless as we question and try to prove everything rather than simply understand through basic observation.

Rationalism is the philosophical concept that claims that all knowledge comes from thinking, whereas critical denotes falsification, whereas critical denotes falsification. Thus, critical rationalism is a model rooted in falsification.

Skaidrojums latviski, no grāmatas:

Ar Dekartu (1596-1650; dabaszinātnieks, veic pētījumus medicīnā,izstrādā analītisko ģeometriju) aizsākās Jauno laiku racionālisms (latīņu val. rationalis – saprātīgs), kas atzīst, ka prāts ir īsto zināšanu avots. Jaunlaiku filozofijā racionālisms attīstās nemitīgā diskusijā ar empīrismu.

Racionālisms attīstījies no jau Eiropā ļoti populārā skepticisma (neticību, ka var iegūt drošas zināšanas; Skeptiķi apšaubīja cilvēka spēku izprast sevi un apkārt esošo pasauli.)
Racionālisma laiks (17 gs) ir laiks, kad no Kristietības respektēšanas lielāks respekts ir zinātnei, t.i., mazinās kristīgās baznīcas ietekme uz cilvēku dzīvi.
Jautājums par zināšanu patiesīguma garantiju ir viens no centrālajiem Dekarta filozofijā.

Matemātika – racionālisma viens no galvenajiem stūrakmeņiem, jo matemātika spēj dot pilnīgi drošas zināšanas. Tāpēc valda uzskats, ka, lai garantētu patiesu zināšanu ieguvi, jāmācās no matemātikas.

Matemātika sākas ar aksiomām (no grieķu val. axiōma – pamattēzē, kas ir pamatā citu tēžu pierādījumiem; par aksiomu sauc arī acīmredzamu patiesību, kas nav jāpierāda). => tātad, lai iegūtu stingras un neapšaubāmas zināšanas, tādiem pirmām kārtām ir jābūt pašiem atziņu pamatiem.

Dekarts ir pārliecināts par to, ka ir jāšaubās pilnīgi par visu, tikai tad varēs atrast filosofijas neapšaubāmo pirmo principu. Šo Dekarta pieeju filosofijas jautājumu risināšanai sauc par šaubu metodi.

“René Descartes, the originator of Cartesian doubt, put all beliefs, ideas, thoughts, and matter in doubt. He showed that his grounds, or reasoning, for any knowledge could just as well be false. Sensory experience, the primary mode of knowledge, is often erroneous and therefore must be doubted.”

Rene Descartes: “I think, therefore I am” (cogito, ergo sum)

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
11
Q

What is Empiricism?

A

Knowledge comes from observations only, this leads to a limit in the ability to acquire knowledge due to observation capabilities, because empirically unobservable things do not exist. Overall, we improve and acquire knowledge through a sensory experience. Therefore, the human mind at birth is considered “blank”, and only develops by empirically observing. For example, to know a fire burns, the child must touch it. In terms of scientific methods, this is an inductive reasoning approach. The problem of empiricism isn’t only the limitation but also sometimes observations are wrong and also there are phenomena one can’t observe at all. Furthermore, there are no laws or theories thus no knowledge. The sensory experience is without structure, the process of structuration is missing since we do not process the sensory information to knowledge. Overall, David Hume’s laid foundation of empiricism allowed science to step away further from religion.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
12
Q

What is Idealism?

A

Point of view that assumes all natural phenomena are nothing more than ideas or mental representations that we project into reality. This reality consists of different images, for example when one walks around a tree different pictures are delivered, thus we develop knowledge from experience. Idealists say that touching and feeling are nothing more than a series of sensual observations. This sensible data provides awareness that there is an object, despite the fact that an object as such cannot be sensed. For example, there is no sound if there is no one to hear it because sound as such doesn’t exist; only the senses of a being can raise awareness of the existence of this phenomenon. When phenomena are recognized using ideas we structure the experience to turn it into knowledge.However, the main problem is where really do these ideas come from and how do they form? (In simple words - nothing is real only beings with mind and soul are ontologically real, therefore, materialistically thinking nothing has substance of any kind, knowledge comes from experiencing things, which we structure with ideas using our mind).

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
13
Q

What is Linguistic turn?

A

By adding logic to observations we can construct observations non-metaphysically as it was a challenge in theories of knowledge that were based on empirical observations. Therefore, truth becomes a property of a sentence which can be true or false.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
14
Q

What is Metaphysics?

A

Reality outside of human sense perceptions. Study of most fundamental concepts such as being, existence, space, universals, time and events. Also causality is considered as metaphysics. It is considered as fundamental because all other concepts and beliefs rest on it.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
15
Q

What is Synthetic statement? (also considered as empirical truth)

A

(simple explanation - true or false by observation)
The method to verify these statements are through observations, for example, we can measure that the circle has a diameter of 10 meters. Therefore, the truth of these statements depends on facts.

Synthetic sentences are descriptions of the world that cannot be taken for granted.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
16
Q

What is Analytical statement?

A

(simple explanation - true or false by definition)
These statements are logically structured and with logical analysis we can verify them. The same example of a circle only through analytical statements we can verify that it is round.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
17
Q

What is The requirement of logical reducibility?

A

This is the requirement for all knowledge. For every statement in a system of knowledge to be true, you should be able to use logic and through logic only to go back to individual experience. If a statement cannot be reduced through logic to observation, it should not be scientific, therefore should not be in the system of knowledge. Reducibility is for example used to explain mathematical theories to make them observable.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
18
Q

What is The unity of science ideal?

A

Through the use of logics and observations logical positivism attempts to unify all the sciences. Overall, it is a relationship between language and reality that would include all sciences in the system of knowledge. Foundation of unifying is laid by analytical and synthetical statements. We reduce concepts we can’t directly observe to synthetic statements, therefore, making them observable and explaining them. For example, physical concepts can be reduced to fundamentals and observed. Analytical statements are observed and verified directly. However, it is unrealistic considering the current situation in science.

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
19
Q

What is Theoretical concepts?

A

Problem of logical positivism. It states that there are certain very successful concepts that can’t be reduced to observations and verified through them. There are two types of meaning of concepts: intension which is theoretical, and extension which is empirical. Furthermore, concepts of social sciences are complex and can have multi-dimensional structure. Force in physics, consciousness in psychology, democracy in political science, firm performance in strategic management are examples.

  • Intension of concepts - theoretical meaning of concept. Combination of general properties that together can define the concept.
  • Extension of concepts - empirical meaning of concept is a set of all phenomena that the concept refers to.
  • Reflective
  • Formative
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
20
Q

What is induction?

A

The process of reasoning in which the premises of an argument support the conclusion, but do not ensure it.

Example:

P1: Raven 1 is black
P2: Raven 2 is black
P3: Raven 3 is black

Pn: Bn is black
Therefore, all Ps are Black

All ravens are black because each raven that has even been observed has been black.

!New information can change the truth value of the conclusion

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
21
Q

What is the Problem of Induction?

A

There are two main variants of the problem; the first appeals to the uniformity observed in nature, while the second relies on the notion ofcause and effect, or “necessary connection.”

First formulated by David Hume, the problem is that “Induction assumes the future will behave like the past, however, we have no good reason for thinking that’s true”. => he questions our reasons for believing that the future will resemble the past, or more broadly he questions predictions about unobserved things based on previous observations.

Therefore, we cannot claim that something will certainly take place just because in the past we experienced it.

  1. If a person were asked why he believes that the Sun will rise tomorrow, he might say something like the following: in the past, the Earth has turned on its axis every 24 hours (more or less), and there is a uniformity in nature that guarantees that such events always happen in the same way. But how does one know that nature is uniform in this sense? It might be answered that, in the past, nature has always exhibited this kind of uniformity, and so it will continue to do so in the future. But thisinferenceis justified only if one assumes that the future mustresemblethe past. How is this assumption itself justified? One might say that, in the past, the future always turned out to resemble the past, and so, in the future, the future will again turn out to resemble the past. This inference, however, is circular—it succeeds only by tacitly assuming what it sets out to prove—namely, that the future will resemble the past. Therefore, thebeliefthat the Sun will rise tomorrow is rationally unjustified.
  2. If a person were asked why he believes that he will feel heat when he approaches a fire, he would say that fire causes heat or that heat is an effect of fire—there is a “necessary connection” between the two such that, whenever the former occurs, the latter must occur also. But what is this necessary connection? Is it observed when one sees the fire or feels the heat? If not, whatevidencedoes anyone have that it exists? All one ever has observed, according to Hume, is the “constant conjunction” between instances of fire and instances of heat: in the past, the former always has been accompanied by the latter. Such observations do not show, however, that instances of fire will continue to be accompanied by instances of heat in the future; to say that they do would be to assume that the future must resemble the past, which cannot be rationally established. Therefore, the belief that one will feel heat upon approaching a fire is rationally unjustified.
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
22
Q

What is Deduction?

A

An argument whose premises, if true, provide conclusive evidence for the truth of its conclusion.

!New information cannot change the truth value of the conclusion anymore:
i.g., the conclusion is given once the premises are given!

Example:

P1: All ravens are black
P2: X is a raven

Conclusion: X is black

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
23
Q

Explain the model of empirical cycle or the “hypothetical-deductive method”

A
24
Q

Explain the difference between Theoretical and observation language.

A

The main difference between observational language and theoretical language is that hypotheses can be reduced through logic back to observations, which follows the requirement of logical reducibility. Theoretical language, on the other hand, is included in the system of language because it helps us develop new scientific knowledge but does ot follow the requirement of logical reducibility.

25
Q

Explain the difference between truth and truth likeliness

A

Truth lies in observations, whereas truth likeliness can be observed in empirical laws and hypotheses.

26
Q

What are Reflective concepts?

A

Reflective concepts make up the properties of a concept. This can be seen in the firm performance example reflected in the diagram below:

Firm performance is what leads to employee growth, profitability, growth of revenues, total shareholder returns, returns on equity.

27
Q

What are Formative concepts?

A

Formative concepts are made up of its respective properties.

This can be seen in the concept of democracy as follows:
A democracy can only really be a democracy if:
- there are free elections
- the rule of laws are followed
- there is freedom of speech
- there is freedom of organisations
- the minorities in a country are protected

28
Q

What is Empirical content?

A

According to Karl Popper, we can tell good theories from poor ones by assessing their empirical content, which basically reflects how much information they convey concerning the world. “The empirical content of a statement increases with its degree of falsifiability: the more a statement forbids, the more it says about the world of experience.” Two criteria to evaluate the empirical content of a theory are their level of universality and their degree of precision. The former specifies how many situations it can be applied to. The latter refers to the specificity in prediction, that is, how many subclasses of realisations it allows

Lai labāk saprastu!!!! :
https://www.youtube.com/watch?v=Wl9sjMIqWwo&ab_channel=VictorGijsbers

29
Q

What is Popper’s criticism of logical positivism and the adjustments in the standard view?

A

Short answer:

The first problem is that observation can never be theory independent.

The second problem is that the problem of induction is so fundamental that it cannot be adequately solved by separating statements of things being true or likely true.

Long answer (includes searchlight theory):

The first problem is that observation can never be theory independent!
- one cannot simply observe without being theory affected or affecting the environment.
– for example, in class, once he said to his audience “observe”. Nobody asked why. Somebody asked “what to observe”. Exactly the point, without knowing what to look at, you observe nothing. Without having a question, you can’t observe.

  • Theories and concepts function as search-light theories.
    – These theories are concepts that guide people in what to look for and influence one’s reporting of what is observed
    – they are theories that are embedded in, fundamentally a part of, observational instruments.

The second problem is that the problem of induction is so fundamental that it cannot be adequately solved by separating statements of things being true or likely true.

  • the degree of confirmation will approach zero. If the truth were to be described as using a certain degree of confirmation, then the likelihood could be expressed as follows (see the attachment below):

This suggests that “All possible cases of X” will be infinite. Whatever the observed cases are, the number will approach zero due to the mathematical concept of limits.

  • Striving for the highest truth-likeliness will lead to undesirable results. This is explained in the following Red Bull-Mercedes example:

A: In F1, Red Bull beats Mercedes
B: In F1, Red Bull beats Mercedes in Dutch Grand Prix
C: In F1, Red Bull beats Mercedes in Dutch Grand Prix in 10 points difference.

“A” is the most likely to be true because it is the most general of all the options, as it contains the least empirical evidence to support it.

  • The induction in principle is a wrong method. Because any new piece of evidence can come in and undermine the conclusion that was made.
30
Q

Explain Popper’s critical rationalism:

A

The rationalist element develops theories that reflect maximal amounts of empirical content.

The critical element is the empirical testing of these theories as sharply as possible. This is the part of the process where falsification is attempted.

31
Q

What is The Quine-Duhem thesis?

A

From internet:
The Duhem-Quine thesis asserts that any empirical evaluation of a theory is in fact a composite test of several interconnected hypotheses.

In science it is impossible to experimentally test a scientific hypothesis in isolation, because an empirical test of the hypothesis requires one or more background assumptions (also called auxiliary assumptions or auxiliary hypotheses): the thesis says that unambiguous scientific falsifications are impossible.

From lectures:

The two dogmas of empiricism proposed by the Quine-Duhem thesis can best be described as follows:

Assume that we define a raven as a(n):
- black
- omnivore
- bird of the genus corvus

Hence, the sentence “A raven is a black omnivorous bird of the genus corvus” is an analytical statement. But what makes it an analytical truth? Further, if we cannot really answer that question convincingly, why should we assume/believe that analytical statements cannot be empirically falsified?

These two dogmas also outline two kinds of meaning:
Extension - the class of observable, real-life phenomena to which a concept refers, e.g., the set of all existing ravens;
Intensions - the conjunction of the general attributes that define a concept and the conjuncts are necessary as well as jointly sufficient, e.g., a raven is black, omnivorous and a bird of the genus corvus.

Popper simply stated that once one has new information, if one finds a non-black raven, this falsifies the initial theory. However, when this is considered within the context of reality, this is not how theories are adjusted.

Quine and Duhem’s argumentation is that, when you find a conflicting example that is obtained, it does not lead to the immediate adjustment of the theory. The new observation must first be investigated in orer to understand what happened for this conflicting example to come about.

Quine’s view is that there is no fundamental difference between analytical and synthetic sentences.

Duhem’s view is that every test of a hypothesis requires background assumptions. When testing a single hypothesis, it is not just about the relationship. There are a lot of implied hypotheses behind what is being tested.

32
Q

Explain Kuhn’s theory of paradigms, including what is paradigm and what are the four elements of it.

A

Starting with the basics:
(In case you are as stupid as I am paradigm (in science and philosphy) means - a distinct set of concepts or thought patterns, including theories, research methods, postulates, and standards for what constitute legitimate contribution to a field.)

Once a paradigm is established, it has four elements.
1) symbolic generalisations (allows for theories to be depicted through the use of in symbols, e.g. fundamental equation f=m*a)
2)Exemplars (examples of how to apply a theory)
3) Scientific values. (Social-institutional dimensions of a paradigm)
4) Methodological prescriptions (denore how observations can be made and what the requirements are for something to constitute an observation.)

The actual theory:

The theory of the paradigms is reflective of how scientific development looks like in real life. At the beginning phase of their research, scientists would try to observe and come up with explanations for certain occurrences.

Nesaprotu neko bleģ šeit, skataties to bildi un hz kā kko noraksturojiet tur.

Three conclusions that can be drawn based on Kuhn’s theory of paradigms are as follows:

1) Truth only exists within paradigms, within a set of confined ontological and epistemological assumptions;
2) There is o independent criterion to choose between paradigms, which suggests that this may allow for the idea of relativism;
3) Science is a human activity, and social processes are just as important within science as the substantive linguistic outcomes that it produces. Human activity can refer to conflict and interactions between social entities and individuals.

33
Q

Normal science vs Revolutionary science

A

Short answer:
Normal science is science within the boundaries of a given paradigm.
Revolutionary science, on the other hand, takes place when there is a change of paradigms.

Normal science - there is no straightforward development, and scientific development goes through a period of development which is referred to as normal science. Normal science is science within the boundaries of a given paradigm. It is the steady cumulative growth of knowledge. An illustrative example for normal science is the comparison of solving puzzle on the basis of an available picture of the image to be constructed by the puzzle. When there are certain pieces that don’t fit in the current puzzle, an anomaly present itself.

Another example: Darwin’s Evolutionary theory. As this theory suggests steady gradual change.

Revolutionary science - takes place when there is a change of paradigms. Rather than the steady cumulative growth of knowledge, it is the revolutionary growth of knowledge. An illustrative example for this is taking a picture that does not correspond to any of the puzzles being solved and solving puzzles through the use of the image.

34
Q

What is The ideal of positive science?

A

The Ideal of positive science is tied to the core question:
“Can there be a science based on observation and logic alone, i.e., logical positivism?”

The answer to this, we have found, is no. There can not be a science solely based on observation and logic, as this encounters the tow main problems of induction and theoretical concepts. The question that arises from this is whether these issues can be solved through making adjustments to the logical positivism model, for example, with the hypothetical deductive method. Popper concludes that no general theory can be confirmed or verified, only falsified. Nevertheless, Kuhn, Quine, and Duhem conclude that even the falsification of a theory is not possible, as there is always an option to sacrifice the falsifying observation rather than the theory, which is often the rational thing to do. Therefore, there will always be a theory that can neither be verified nor falsified.

35
Q

What are the 4 theories of truth?

A
36
Q

A typology of Meta theories

A

[See the attachment]

Explaining entails taking on the outsider perspective, whereas understanding entails taking an internal perspective of a participant.
As illustrated by the diagram, social systems and functions look at explanations and holism. For example, in order to explain the existence of a heart, you can argue that the heart pumps blood around your body. This does have an underlying assumption of the body (higher order system).

37
Q

What is Metaphysics and Meta-theory?

A

Metaphysics is something about physics that you can’t verify by looking at reality alone.

Reality outside of human sense perceptions. Study of most fundamental concepts such as being, existence, space, universals, time and events. Also causality is considered as metaphysics. It is considered as fundamental because all other concepts and beliefs rest on it.

Meta-theory is a theory another theory. It contains assumptions, ambitions, modes of explanation, units of analysis, epistemologies, methodological prescriptions, etc. of theories in a certain field, e.g., management.

38
Q

What is a Paradigm?

A

A paradigm, with reference to Kuhn, is the theories sharing similar assumptions, ambitions, modes of explanation, units of analysis and epistemologies.

39
Q

Explaining versus understanding

A

explaining entails taking on the outsider perspective, whereas understanding entails taking the internal perspective of a participant.

40
Q

Rational choice theory

A

Explains behavior and social level outcomes from the rational choices of individual agents. Assumptions under this theory: 1.explanations always start from the choices of individual agents (methodological individualism). 2.These agents are fully interested and and 3.they are fully rational.

41
Q

Ontological individualism versus
methodological individualism

A

Ontological - radical position that is not consistent with much of social reality consists of. Assumes that only individual persons exist. Leads to belief that social phenomena such as rules, institutions do not exist. They rather are outcomes of actions of individuals. Methodological - Social phenomena really exist, but we explain them only from actions and behavior of individual human beings. Contrast to functional/system type of explanations.

42
Q

Rationality

A

clear thought and reasoning behind decisions. Therefore, complete and consistent preference ordering. Furthermore, when making rational decisions we have all rational information and these agents have a perfectly functioning and costless computer on board.

43
Q

Game theory

A

Analyses situations in which choices of individuals are interdependent, meaning that results depend on more than one individual. This individual should consider the expectation of others. The result of their own behavior depends on the behavior of other individuals.

44
Q

Strategic rationality versus parametric
rationality

A

strategic rationality - people anticipate the choices of others to the best of their ability because in certain situations there is a level of uncertainty regarding the choices of others. Example is rock paper scissors. One will try to predict the move of their opponent, which will affect the outcome of the game. Used in game theory as everyone’s choices are interdependent and taken into consideration. Parametric rationality assumes the choices of others based on given parameters and is known in advance. Is used in agency theory. Example is when we don’t take the highway because we know at 7pm there will be heavy traffic.

45
Q

Logical argument (definition, form)

A

Logical argument is a formal, elaborate form of reasoning. Where there are premises (assumptions) and conclusions (consequence/decision).

An argument is defined as a set of premises and a conclusion.
For instance,
I think; therefore I am.
All men are mortal. Socrates was a man. Thus, Socrates was mortal.

46
Q

Syllogism

A

Syllogism is a valid deductive argument. Diagram with reasoning that is used with deduction.

The Syllogism is as follows:
Major premise: All X is Y (all ravens are black);
Minor premise: P is an X (P is a raven);
Conclusion: P is Y (P is black)

47
Q

Truth preservation

A

In a logically valid argument, true premises always lead to true conclusions. If you start with truths, you end with truths.

48
Q

Valid argument

A

Premises can be true or false, but if they are independent and not connected, but the conclusion is deducted from them the argument is not valid. Argument is valid when premises are connected with each other and conclusion connected with them is deducted.

49
Q

False premises

A

If not all the premises are true, it is unclear whether the conclusion is true. Nothing can then be said about the conclusion.

For instance: All rabbits are mortal => Socrates is a Rabbit => Thus, Socrates is mortal.

50
Q

Invalid arguments

A

All rabbits are mortal => Socrates is a human being => Therefore Socrates is mortal.

You cannot conclude from these assumptions that Socrates is mortal. This conclusion does not follow from the premises.

51
Q

Denying the consequent

A

Valid argument!

If A, then B: If Socrates is a god, he is immortal.
Not B: Socrates is not immortal
So: Not A: So Socrates is not a god.

52
Q

Affirming the consequent

A

Invalid argument!

If A, then B: If it’s Wednesday, I have tennis lessons.
B: I have tennis lessons.
So: A : So it’s Wednesday.

53
Q

Denying the antecedents

A

Invalid argument!

If A, then B: If you work hard at this subject, you will get a high grade.
Not A: You’re not working hard at this job
So: Not B: So: You won’t get a high grade.

54
Q

Affirming the antecedent

A

Valid Argument!

If A, then B: If Socrates is human, he is mortal
A: Socrates is a human being
So B: So Socrates is mortal

55
Q

Nash-equilibrium

A

When no individual can benefit from changing their strategy. This means that one will stick to their initial strategy even if this person is well aware of the other player’s strategy as it will not benefit him in any way. Deviating from this strategy will create a much worse result (strict equilibrium).Nash-equilibrium

56
Q

Pareto-optimality

A

Outcome in which none of the players can benefit from changing their answer without harming any other player. This means when one player decides to change their answer to a more optional one, they will harm atleast one other player.