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Choices, consequences, and rationality

Synthese 129 (3):343 - 369 (2001)

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  1. External norms and rationality of choice.Walter Bossert & Kotaro Suzumura - 2009 - Economics and Philosophy 25 (2):139-152.
    Ever since Sen criticized the notion of internal consistency of choice, there exists a widespread perception that the standard rationalizability approach to the theory of choice has difficulties in coping with the existence of external norms. We introduce a concept of norm-conditional rationalizability and show that external norms can be made compatible with the methods underlying the traditional rationalizability approach. To do so, we characterize norm-conditional rationalizability by means of suitable modifications of revealed preference axioms that are well established in (...)
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  • Choice, internal consistency and rationality.Aditi Bhattacharyya, Prasanta K. Pattanaik & Yongsheng Xu - 2011 - Economics and Philosophy 27 (2):123-149.
    The classical theory of rational choice is built on several important internal consistency conditions. In recent years, the reasonableness of those internal consistency conditions has been questioned and criticized, and several responses to accommodate such criticisms have been proposed in the literature. This paper develops a general framework to accommodate the issues raised by the criticisms of classical rational choice theory, and examines the broad impact of these criticisms from both normative and positive points of view.
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  • Can redescriptions of outcomes salvage the axioms of decision theory?Jean Baccelli & Philippe Mongin - 2021 - Philosophical Studies 179 (5):1621-1648.
    The basic axioms or formal conditions of decision theory, especially the ordering condition put on preferences and the axioms underlying the expected utility formula, are subject to a number of counter-examples, some of which can be endowed with normative value and thus fall within the ambit of a philosophical reflection on practical rationality. Against such counter-examples, a defensive strategy has been developed which consists in redescribing the outcomes of the available options in such a way that the threatened axioms or (...)
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