The theory of rational action may therefore fail, because it is unable to produce unique prescriptions and predictions. It may also fail if the agents' behavior does not conform to predictions, whether these are unique or not; that is, if the agents are irrational. There are multiple sources of irrationality, hot or cold.
Jon ElsterRelated topics
action behavior cold fail hot irrational irrationality multiple produce rational theory uniqueRelated quotes
Many causes produce war. There are ancient hatreds, turbulent frontiers, the "legacy of old forgotten, far-off things, and battles long ago." There are new-born fanaticisms. Convictions on the part of certain peoples that they have become the unique depositories of ultimate truth and right.
Franklin D. Roosevelt
What is missing from the policy analyst's tool kit -- and from the set of accepted, well-developed theories of human organization -- is an adequately specified theory of collective action whereby a group of principals can organize themselves voluntarily to retain the residuals of their own efforts.
Elinor Ostrom
