• Selected
• Entire List

Abstract:
Collective action is (fundamentally) a problem of moral, political or ideological consensus of meta-preferences or emotional coordination. It is also a problem of negotiation and the intensity of preference-dependent cooperation (ordering individual and collective results). Even though collective action depends on the ability to take strategic interaction and this covers rational (interests) and non-rational motivation (reasons, passions and social norms), group size constitutes a great impediment for organising mass, long-lasting action, produced bottom-up and not being dependent on controlled selective incentives by an organised minority.

collective action, metapreferences, negotiation, cooperation

Abstract:
The “Heuristics and Biases” research program led by economist A. Tversky (who died in 1996) and by the Nobel Prize winning psychologist D. Kahneman, has provided since 1971 an alternative approach to the Expected Utility Model in the field of decision making. Assertions of this descriptive theory focused on the psychological aspects affecting individual choice, called “The Prospect Theory”, question the normative status of Rational Choice Theory, its underlying assumptions and it predictive pretension. This article aims to provide a contrast between the two theories.

choice, rationality, prospects, uncertainty, utility