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Rationality and Dynamic Choice: Foundational Explorations

Cambridge, England: Cambridge University Press (1990)

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  1. Does optimization imply rationality?Philippe Mongin - 2000 - Synthese 124 (1-2):73 - 111.
    The relations between rationality and optimization have been widely discussed in the wake of Herbert Simon's work, with the common conclusion that the rationality concept does not imply the optimization principle. The paper is partly concerned with adding evidence for this view, but its main, more challenging objective is to question the converse implication from optimization to rationality, which is accepted even by bounded rationality theorists. We discuss three topics in succession: (1) rationally defensible cyclical choices, (2) the revealed preference (...)
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  • Rationality and the Unit of Action.Christopher Woodard - 2011 - Review of Philosophy and Psychology 2 (2):261-277.
    This paper examines the idea of an extended unit of action, which is the idea that the reasons for or against an individual action can depend on the qualities of a larger pattern of action of which it is a part. One concept of joint action is that the unit of action can be extended in this sense. But the idea of an extended unit of action is surprisingly minimal in its commitments. The paper argues for this conclusion by examining (...)
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  • The Common Structure of Kantianism and Act-Utilitarianism.Christopher Woodard - 2013 - Utilitas 25 (2):246-265.
    This article proposes a way of understanding Kantianism, act-utilitarianism and some other important ethical theories according to which they are all versions of the same kind of theory, sharing a common structure. I argue that this is a profitable way to understand the theories discussed. It is charitable to the theories concerned; it emphasizes the common ground between them; it gives us insights into the differences between them; and it provides a method for generating new ethical theories worth studying. The (...)
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  • Value Commitment, Resolute Choice, and the Normative Foundations of Behavioural Welfare Economics.C. Tyler DesRoches - 2020 - Journal of Applied Philosophy 37 (4):562-577.
    Given the endowment effect, the role of attention in decision-making, and the framing effect, most behavioral economists agree that it would be a mistake to accept the satisfaction of revealed preferences as the normative criterion of choice. Some have suggested that what makes agents better off is not the satisfaction of revealed preferences, but ‘true’ preferences, which may not always be observed through choice. While such preferences may appear to be an improvement over revealed preferences, some philosophers of economics have (...)
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  • Autonomy for Changing Selves.Richard Pettigrew - 2023 - In Ben Colburn (ed.), The Routledge Handbook of Autonomy. London: Routledge.
    Our values change. What we value, want, desire, prefer, and how much; for nearly everyone, these will be different at different times in their life. These changes can be gradual or abrupt; they can be long-lasting or short-lived; and they can be induced by forces outside yourself or they can come from within or they can have no specific catalyst at all. Such preference change raises a number of questions for our theorising about rational choice, and these have been discussed (...)
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  • An argument against causal decision theory.Jack Spencer - 2021 - Analysis 81 (1):52-61.
    This paper develops an argument against causal decision theory. I formulate a principle of preference, which I call the Guaranteed Principle. I argue that the preferences of rational agents satisfy the Guaranteed Principle, that the preferences of agents who embody causal decision theory do not, and hence that causal decision theory is false.
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  • Democracy & Analogy: The Practical Reality of Deliberative Politics.Michael Seifried - 2015 - Dissertation, Columbia University
    According to the deliberative view of democracy, the legitimacy of democratic politics is closely tied to whether the use of political power is accompanied by a process of rational deliberation among the citizenry and their representatives. Critics have questioned whether this level of deliberative capacity is even possible among modern citizenries--due to limitations of time, energy, and differential backgrounds--which therefore calls into question the very possibility of this type of democracy. In my dissertation, I counter this line of criticism, arguing (...)
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  • Binding and its consequences.Christopher J. G. Meacham - 2010 - Philosophical Studies 149 (1):49-71.
    In “Bayesianism, Infinite Decisions, and Binding”, Arntzenius et al. (Mind 113:251–283, 2004 ) present cases in which agents who cannot bind themselves are driven by standard decision theory to choose sequences of actions with disastrous consequences. They defend standard decision theory by arguing that if a decision rule leads agents to disaster only when they cannot bind themselves, this should not be taken to be a mark against the decision rule. I show that this claim has surprising implications for a (...)
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  • Decision Theory.Katie Steele & H. Orri Stefánsson - 2012 - In Peter Adamson (ed.), Stanford Encyclopedia of Philosophy. Stanford Encyclopedia of Philosophy.
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  • Can Parfit’s Appeal to Incommensurabilities Block the Continuum Argument for the Repugnant Conclusion?Wlodek Rabinowicz - 2019 - In Paul Bowman & Katharina Berndt Rasmussen (eds.), Studies on Climate Ethics and Future Generations, Vol. 1. Institute for Futures Studies.
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  • Guard against temptation: Intrapersonal team reasoning and the role of intentions in exercising willpower.Natalie Gold - 2022 - Noûs 56 (3):554-569.
    Sometimes we make a decision about an action we will undertake later and form an intention, but our judgment of what it is best to do undergoes a temporary shift when the time for action comes round. What makes it rational not to give in to temptation? Many contemporary solutions privilege diachronic rationality; in some “rational non-reconsideration” (RNR) accounts once the agent forms an intention, it is rational not to reconsider. This leads to other puzzles: how can someone be motivated (...)
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  • Planning and the stability of intention: A comment.Laura DeHelian & Edward F. McClennen - 1993 - Minds and Machines 3 (3):319-333.
    Michael Bratman''s restricted two-tier approach to rationalizing the stability of intentions contrasts with an alternative view of planning, for which all of the following claims are made: (a) it shares with Bratman''s restricted two-tier approach the virtue of reducing the magnitude of Smart''s problem; (2) it, rather than the unrestricted two-tier approach, is what is argued for in McClennen (1990); (3) there does not appear to be anything in the central analysis that Bratman has provided of plans and intentions (both (...)
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  • Credal imprecision and the value of evidence.Nilanjan Das - 2023 - Noûs 57 (3):684-721.
    This paper is about a tension between two theses. The first is Value of Evidence: roughly, the thesis that it is always rational for an agent to gather and use cost‐free evidence for making decisions. The second is Rationality of Imprecision: the thesis that an agent can be rationally required to adopt doxastic states that are imprecise, i.e., not representable by a single credence function. While others have noticed this tension, I offer a new diagnosis of it. I show that (...)
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  • The Deductive Method.Daniel M. Hausman - 1990 - Midwest Studies in Philosophy 15 (1):372-388.
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  • Playing with ethics: Games, norms and moral freedom.Peter Danielson - 2005 - Topoi 24 (2):221-227.
    Morality is serious yet it needs to be reconciled with the free play of alternatives that characterizes rational and ethical agency. Beginning with a sketch of the seriousness of morality modeled as a constraint, this paper introduces a technical conception of play as degrees of freedom. We consider two ways to apply game theory to ethics, rationalist and evolutionary game theory, contrasting the way they model moral constraint. Freedom in the rationalist account is problematic, subverting willful commitment. In the evolutionary (...)
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  • Are bygones bygones?Robin Cubitt, Maria Ruiz-Martos & Chris Starmer - 2012 - Theory and Decision 73 (2):185-202.
    This article reports an experiment which tests the principle of separability, i.e. that behaviour in a dynamic choice problem is independent of history and of unreachable eventualities. Although this is a well-known principle of orthodox decision theory and central to conventional economic modelling, it has been questioned on grounds suggested by non-expected utility models of choice under risk and by the psychology of affective influences on risk-taking. Our experimental design, which provides between-subjects tests of separability using three treatments in which (...)
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  • Dynamic Decision Making when Risk Perception Depends on Past Experience.Michèle Cohen, Johanna Etner & Meglena Jeleva - 2008 - Theory and Decision 64 (2-3):173-192.
    The aim of the paper is to propose a preferences representation model under risk where risk perception can be past experience dependent. A first step consists in considering a one period decision problem where individual preferences are no more defined only on decisions but on pairs (decision, past experience). The obtained criterion is used in the construction of a dynamic choice model under risk. The paper ends with an illustrative example concerning insurance demand. It appears that our model allows to (...)
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  • Contrastive confirmation: some competing accounts.Jake Chandler - 2013 - Synthese 190 (1):129-138.
    I outline four competing probabilistic accounts of contrastive evidential support and consider various considerations that might help arbitrate between these. The upshot of the discussion is that the so-called 'Law of Likelihood' is to be preferred to any of the alternatives considered.
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  • On an alleged counter-example to causal decision theory.John Cantwell - 2010 - Synthese 173 (2):127-152.
    An alleged counterexample to causal decision theory, put forward by Andy Egan, is studied in some detail. It is argued that Egan rejects the evaluation of causal decision theory on the basis of a description of the decision situation that is different from—indeed inconsistent with—the description on which causal decision theory makes its evaluation. So the example is not a counterexample to causal decision theory. Nevertheless, the example shows that causal decision theory can recommend unratifiable acts which presents a problem (...)
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  • Avoiding Risk and Avoiding Evidence.Catrin Campbell-Moore & Bernhard Salow - 2020 - Australasian Journal of Philosophy 98 (3):495-515.
    It is natural to think that there is something epistemically objectionable about avoiding evidence, at least in ideal cases. We argue that this thought is inconsistent with a kind of risk-avoidance...
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  • Revisiting Risk and Rationality: a reply to Pettigrew and Briggs.Lara Buchak - 2015 - Canadian Journal of Philosophy 45 (5):841-862.
    I have claimed that risk-weighted expected utility maximizers are rational, and that their preferences cannot be captured by expected utility theory. Richard Pettigrew and Rachael Briggs have recently challenged these claims. Both authors argue that only EU-maximizers are rational. In addition, Pettigrew argues that the preferences of REU-maximizers can indeed be captured by EU theory, and Briggs argues that REU-maximizers lose a valuable tool for simplifying their decision problems. I hold that their arguments do not succeed and that my original (...)
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  • Moral canals: Trust and social capital in the work of Hume, Smith and Genovesi.Luigino Bruni & Robert Sugden - 2000 - Economics and Philosophy 16 (1):21-45.
    It is a truism that a market economy cannot function without trust. We must be able to rely on other people to respect our property rights, and on our trading partners to keep their promises. The theory of economics is incomplete unless it can explain why economic agents often trust one another, and why that trust is often repaid. There is a long history of work in economics and philosophy which tries to explain the kinds of reasoning that people use (...)
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  • Costs of abandoning the Sure-Thing Principle.Rachael Briggs - 2015 - Canadian Journal of Philosophy 45 (5):827-840.
    Risk-weighted expected utility theory permits preferences which violate the Sure-Thing Principle. But preferences that violate the STP can lead to bad decisions in sequential choice problems. In particular, they can lead decision-makers to adopt a strategy that is dominated – i.e. a strategy such that some available alternative leads to a better outcome in every possible state of the world.
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  • Evolutionary game theory meets the social contract.Michael Bradie - 1999 - Biology and Philosophy 14 (4):607-613.
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  • Pitfalls for realistic decision theory: an illustration from sequential choice.José Luis Bermúdez - 2010 - Synthese 176 (1):23-40.
    Decision theory is a theory of rationality, but the concept of rationality has several different dimensions. Making decision theory more realistic with respect to one dimension may well have the result of making it less realistic in another dimension. This paper illustrates this tension in the context of sequential choice. Trying to make decision theory more realistic by accommodating resoluteness and commitment brings the normative assessment dimension of rationality into conflict with the action-guiding dimension. In the case of resolute choice (...)
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  • Supererogation and sequence.Adam Bales & Claire Benn - 2020 - Synthese 198 (8):7763-7780.
    Morally supererogatory acts are those that go above and beyond the call of duty. More specifically: they are acts that, on any individual occasion, are good to do and also both permissible to do and permissible to refrain from doing. We challenge the way in which discussions of supererogation typically consider our choices and actions in isolation. Instead we consider sequences of supererogatory acts and omissions and show that some such sequences are themselves problematic. This gives rise to the following (...)
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  • Decision theory for agents with incomplete preferences.Adam Bales, Daniel Cohen & Toby Handfield - 2014 - Australasian Journal of Philosophy 92 (3):453-70.
    Orthodox decision theory gives no advice to agents who hold two goods to be incommensurate in value because such agents will have incomplete preferences. According to standard treatments, rationality requires complete preferences, so such agents are irrational. Experience shows, however, that incomplete preferences are ubiquitous in ordinary life. In this paper, we aim to do two things: (1) show that there is a good case for revising decision theory so as to allow it to apply non-vacuously to agents with incomplete (...)
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  • Revealed Preferences in Intertemporal Decision Making.Ludwig Von Auer - 2004 - Theory and Decision 56 (3):269-290.
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  • Incommensurable alternatives and rational choice.Chrisoula Andreou - 2005 - Ratio 18 (3):249–261.
    I consider the implications of incommensurability for the assumption, in rational choice theory, that a rational agent’s preferences are complete. I argue that, contrary to appearances, the completeness assumption and the existence of incommensurability are compatible. Indeed, reflection on incommensurability suggests that one’s preferences should be complete over even the incommensurable alternatives one faces.
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  • Cashing out the money-pump argument.Chrisoula Andreou - 2016 - Philosophical Studies (6):1-5.
    The money-pump argument figures as the staple argument in support of the view that cyclic preferences are irrational. According to a prominent way of understanding the argument, it is grounded in the assumption that it is irrational to make choices that lead one to a dispreferred alternative. My aim in this paper is to motivate diffidence with respect to understanding the money-pump argument in this way by suggesting that if it is so understood, the argument emerges as question-begging and as (...)
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  • Reconsidering Resolutions.Alida Liberman - 2016 - Journal of Ethics and Social Philosophy (2):1-27.
    In Willing, Wanting, Waiting, Richard Holton lays out a detailed account of resolutions, arguing that they enable agents to resist temptation. Holton claims that temptation often leads to inappropriate shifts in judgment, and that resolutions are a special kind of first- and second-order intention pair that blocks such judgment shift. In this paper, I elaborate upon an intuitive but underdeveloped objection to Holton’s view – namely, that his view does not enable agents to successfully block the transmission of temptation in (...)
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  • Pure hyperbolic discount curves predict “eyes open” self-control.George Ainslie - 2012 - Theory and Decision 73 (1):3-34.
    The models of internal self-control that have recently been proposed by behavioral economists do not depict motivational interaction that occurs while temptation is present. Those models that include willpower at all either envision a faculty with a motivation (“strength”) different from the motives that are weighed in the marketplace of choice, or rely on incompatible goals among diverse brain centers. Both assumptions are questionable, but these models’ biggest problem is that they do not let resolutions withstand re-examination while being challenged (...)
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  • Exploiting Cyclic Preference.Arif Ahmed - 2017 - Mind 126 (504):975-1022.
    Probably many people have cyclic preferences: they prefer A to B, B to C and C to A for some objects of choice A, B and C. Recent work has resurrected the objection to cyclic preference that agents possessing them are open to exploitation by means of ‘money pumps’. The paper briefly reviews this work and proposes a general approach to problems of sequential choice that makes cyclic preference immune to exploitation by means of these new mechanisms.
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  • Exploiting Cyclic Preference.Arif Ahmed - 2016 - Mind:fzv218.
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  • Non-Ideal Decision Theory.Sven Neth - 2023 - Dissertation, University of California, Berkeley
    My dissertation is about Bayesian rationality for non-ideal agents. I show how to derive subjective probabilities from preferences using much weaker rationality assumptions than other standard representation theorems. I argue that non-ideal agents might be uncertain about how they will update on new information and consider two consequences of this uncertainty: such agents should sometimes reject free information and make choices which, taken together, yield sure loss. The upshot is that Bayesian rationality for non-ideal agents makes very different normative demands (...)
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  • A Non-Identity Dilemma for Person-Affecting Views.Elliott Thornley - manuscript
    Person-affecting views in population ethics state that (in cases where all else is equal) we’re permitted but not required to create people who would enjoy good lives. In this paper, I present an argument against every possible variety of person-affecting view. The argument takes the form of a dilemma. Narrow person-affecting views must embrace at least one of three implausible verdicts in a case that I call ‘Expanded Non-Identity.’ Wide person-affecting views run into trouble in a case that I call (...)
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  • On Planning: Toward a Natural History of Goal Attainment.Mariam Thalos - 2008 - Philosophical Papers 37 (2):289-317.
    The goal of the essay is to articulate some beginnings for an empirical approach to the study of agency, in the firm conviction that agency is subject to scientific scrutiny, and is not to be abandoned to high-brow aprioristic philosophy. Drawing on insights from decision analysis, game theory, general dynamics, physics and engineering, this essay will examine the diversity of planning phenomena, and in that way take some steps towards assembling rudiments for the budding science, in the process innovating (parts (...)
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  • Écueils des théories de la rationalité.J. Nicolas Kaufmann - 1999 - Dialogue 38 (4):801-826.
    Un grand nombre de problèmes dont traite aujourd'hui la théorie de la décision reposent sur des problématiques qui appartiennent à des approches philosophiques, méthodologiques et théoriques fort différentes et dont l'auteur deChoix rationnel et vie publiquedéplore à juste titre l'absence d'unité intrinsèque. En effet, les racines de la théorie contemporaine du choix rationnel ont des ramifications dans trois traditions philosophiques qui ont été maintenues sans entretenir de contacts: théories philosophiques de l'action d'Aristote à Hume, à Kant et à la philosophie (...)
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  • Game theory and ethics.Bruno Verbeek - 2008 - Stanford Encyclopedia of Philosophy.
    Game theory is the systematic study of interdependent rational choice. It should be distinguished from decision theory, the systematic study of individual (practical and epistemic) choice in parametric contexts (i.e., where the agent is choosing or deliberating independently of other agents). Decision theory has several applications to ethics (see Dreier 2004; Mele and Rawlings 2004). Game theory may be used to explain, to predict, and to evaluate human behavior in contexts where the outcome of action depends on what several agents (...)
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  • What does incommensurability tell us about agency?Luke Elson - 2021 - In Henrik Andersson & Anders Herlitz (eds.), Value Incommensurability: Ethics, Risk. And Decision-Making. New York, NY: Routledge. pp. 181-198.
    Ruth Chang and Joseph Raz have both drawn far-reaching consequences for agency from the phenomenon of incommensurability. After criticizing their arguments, I outline an alternative view: if incommensurability is vagueness, then there are no substantial implications for agency, except perhaps a limited form of naturalistic voluntarism if our reasons are provided by desires.
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  • The Ethics of Nudge.Luc Bovens - 2008 - In Mats J. Hansson & Till Grüne-Yanoff (eds.), Preference Change: Approaches from Philosophy, Economics and Psychology. Springer, Theory and Decision Library A. pp. 207-20.
    In their recently published book Nudge (2008) Richard H. Thaler and Cass R. Sunstein (T&S) defend a position labelled as ‘libertarian paternalism’. Their thinking appeals to both the right and the left of the political spectrum, as evidenced by the bedfellows they keep on either side of the Atlantic. In the US, they have advised Barack Obama, while, in the UK, they were welcomed with open arms by the David Cameron's camp (Chakrabortty 2008). I will consider the following questions. What (...)
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  • Sequential Dominance and the Anti-Aggregation Principle.Johan E. Gustafsson - 2015 - Philosophical Studies 172 (6):1593-1601.
    According to T. M. Scanlon’s anti-aggregation principle, it is wrong to save a larger number of people from minor harms rather than a smaller number from much more serious harms. This principle is a central part of many influential and anti-utilitarian ethical theories. According to the sequential-dominance principle, one does something wrong if one knowingly performs a sequence of acts whose outcome would be worse for everyone than the outcome of an alternative sequence of acts. The intuitive appeal of the (...)
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  • On the Rationalist Solution to Gregory Kavka's Toxin Puzzle.Ken Levy - 2009 - Pacific Philosophical Quarterly 90 (2):267-289.
    Gregory Kavka's 'Toxin Puzzle' suggests that I cannot intend to perform a counter-preferential action A even if I have a strong self-interested reason to form this intention. The 'Rationalist Solution,' however, suggests that I can form this intention. For even though it is counter-preferential, A-ing is actually rational given that the intention behind it is rational. Two arguments are offered for this proposition that the rationality of the intention to A transfers to A-ing itself: the 'Self-Promise Argument' and David Gauthier's (...)
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  • Actualism and Possibilism in Ethics.Travis Timmerman & Yishai Cohen - 2019 - Stanford Encyclopedia of Philosophy.
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  • Preference Change: Approaches From Philosophy, Economics and Psychology.Till Grüne-Yanoff & Sven Ove Hansson - 2009 - Dordrecht, Netherland: Springer.
    Changing preferencesis a phenomenonoften invoked but rarely properlyaccounted for. Throughout the history of the social sciences, researchers have come against the possibility that their subjects’ preferenceswere affected by the phenomenato be explainedor by otherfactorsnot taken into accountin the explanation.Sporadically, attempts have been made to systematically investigate these in uences, but none of these seems to have had a lasting impact. Today we are still not much further with respect to preference change than we were at the middle of the last (...)
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  • Beyond Uncertainty: Reasoning with Unknown Possibilities.Katie Steele & H. Orri Stefánsson - 2021 - Cambridge University Press.
    The main aim of this book is to introduce the topic of limited awareness, and changes in awareness, to those interested in the philosophy of decision-making and uncertain reasoning.
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  • Prospective Possibilism.Michael J. Zimmerman - 2017 - The Journal of Ethics 21 (2):117-150.
    There has been considerable debate regarding the relative merits of two theses about moral obligation known as actualism and possibilism. Both theses seek to give expression to the general idea that one ought to do the best one can. According to actualism, one’s obligations turn on what would happen if one chose some course of action, whereas, according to possibilism, they turn on what could happen if one chose some course of action. There are two strands to the debate: the (...)
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  • A Tacit Form of Comparative Philosophy: Reflection on a case in rational choice theory.Yujian Zheng - 2003 - Dao: A Journal of Comparative Philosophy 2 (2):291-309.
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  • Seeming incomparability and rational choice.Leo Yan - 2022 - Politics, Philosophy and Economics 21 (4):347-371.
    Politics, Philosophy & Economics, Volume 21, Issue 4, Page 347-371, November 2022. We sometimes have to choose between options that are seemingly incomparable insofar as they seem to be neither better than, worse than, nor equal to each other. This often happens when the available options are quite different from one another. For instance, consider a choice between prioritizing either criminal justice reform or healthcare reform as a public policy goal. Even after the relevant details of the goals and possible (...)
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  • Aggregation and Reductio.Patrick Wu - 2021 - Ethics 132 (2):508-525.
    Joe Horton argues that partial aggregation yields unacceptable verdicts in cases with risk and multiple decisions. I begin by showing that Horton’s challenge does not depend on risk, since exactly similar arguments apply to riskless cases. The underlying conflict Horton exposes is between partial aggregation and certain principles of diachronic choice. I then provide two arguments against these diachronic principles: they conflict with intuitions about parity, prerogatives, and cyclical preferences, and they rely on an odd assumption about diachronic choice. Finally, (...)
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