Beliefs, rational choice and Bayesian learning

Authors
Citation
R. Breen, Beliefs, rational choice and Bayesian learning, RATION SOC, 11(4), 1999, pp. 463-479
Citations number
23
Categorie Soggetti
Sociology & Antropology
Journal title
RATIONALITY AND SOCIETY
ISSN journal
10434631 → ACNP
Volume
11
Issue
4
Year of publication
1999
Pages
463 - 479
Database
ISI
SICI code
1043-4631(199911)11:4<463:BRCABL>2.0.ZU;2-A
Abstract
People act in the light of their beliefs, yet sociological theories of acti on have been weak in explaining why people hold the beliefs they do. I prop ose a means of integrating beliefs into rational choice theory using a Baye sian learning model in which people act in accordance with the beliefs they hold about the world. By observing the outcomes of their actions they modi fy their beliefs. This approach, in contrast with many others, recognizes t hat beliefs evolve in the light of experience. The approach is applied to s how how the evolution of beliefs about the returns to effort in education c an give rise to observed patterns of class differences in educational expec tations and so to class differences in mobility chances, at least as these are mediated through educational attainment. I discuss the general issue of learning in the Bayesian approach and outline some limitations and areas o f further research.