Intrinsic value has traditionally been thought to lie at the heart of ethics. Philosophers use a number of terms to refer to such value. The intrinsic value of something is said to be the value that that thing has “in itself,” or “for its own sake,” or “as such,” or “in its own right.” Extrinsic value is value that is not intrinsic.

The much-discussed ‘Argument from Small Improvement’ has been advanced both as a reason to reject (tripartite) Completeness, one of the standard axioms of decision theory, and to accept the possibility of rationally incomparable choices. But this form of argument cannot be an effective basis for either of these conclusions, unless one already has some prior, independent reason to prefer Transitivity to Completeness as a constraint on rational preferences (or rational values). In particular, I show how a reverse argument from small (...) improvement can be constructed, starting from the assumption of tripartite Completeness, to the conclusion that Transitivity fails. I conclude that this form of argument as it has been standardly presented in the literature is a kind of ‘red herring’. We can only make progress here by evaluating the reasons independent of either such argument to prefer one or other of Transitivity or Completeness. (shrink)

Philosophers have spent a great deal of time debating whether intransitive preferences can be rational. I present a risky decision that poses a challenge for the defender of intransitivity. The defender of intransitivity faces a trilemma and must either: (i) reject the rationality of intransitive preferences, (ii) deny State-wise Dominance, or (iii) accept the bizarre verdict that you can be required to pay to relabel the tickets of a fair lottery. If we take the first horn, then we have a (...) synchronic refutation of intransitivity, an improvement on widely criticized diachronic arguments. I sketch possible responses that may rescue intransitivity and argue that each response is possible but generates an explanatory debt. I conclude by showing how the challenge here clarifies the foundations of decision theory without transitivity, conditional on some explanatory debt being payable. (shrink)

According to a widely held view, rationality demands that the preferences of a person be transitive. The transitivity assumption is an axiom in standard theories of rational choice. It is also prima facie very plausible. I argue here that transitivity is not a necessary condition of rationality; it is a constraint only in some cases. The argument presented here is based on the non-linearity of differential utility functions. This paper has four parts. First, I present an argument against the transitivity (...) assumption (I, II). Second, I discuss some objections; this will also bring out some features of the view defended here, like the essentially comparative nature of choice (III). Then, I discuss certain proposals that promise to avoid my conclusion (IV). Finally, I go into some implications concerning the nature of rational decision making (V). To accept some intransitivities as rational does not make our life easier; it can even lead to hard choices. However, it does not lead to skepticism about rational choice. (shrink)

In this article, monist values are expressed as preferences like in economics and decision making. On the basis of this formalization, various ways of defining value disagreement of agents within a group are investigated. Twelve notions of categorical value disagreement are laid out. Since these are too coarse-grained for many purposes, known distance-based approaches like Kendall’s Tau and Spearman’s footrule are generalized from linear orders to preorders and position-sensitive variants are developed. The account is further generalized to allow for agents (...) with incomplete information. The article ends with a discussion of known limitations of preference-based accounts of values and how these might be overcome by accounting for parity and essential incompleteness. It is also shown that one intuitively compelling notion of disagreement does not give rise to a proper distance measure. (shrink)

An example shows that 'pairwise preferences' (certain hypothetical choices) can cycle even when rational. General considerations entail that preferences tout court (certain relations of actual valuations) cannot cycle. A world-bayesian theory is explained that accommodates these two kinds of preference, and a theory for rational actions that would have them maximize and be objects of ratifiable choices. It is observed that choices can be unratifiable either because of troublesome credences or because of troublesome preferences. An appendix comments on a third (...) way in which efforts to maximize can be frustrated. (shrink)

According to the mixed lexicographic/additive account of ‘better than’ and similar aggregative value comparatives like ‘healthier than’, values are multidimensional and different aspects of a value are aggregated into an overall assessment in a lexicographic way, based on an ordering of value aspects. It is argued that this theory can account for an acceptable definition of Chang’s notion of parity and that it also offers a solution to Temkin’s and Rachels’s Spectrum Cases without giving up the transitivity of overall betterness. (...) Formal details and proofs are provided in an “Appendix”. (shrink)

This paper studies the properties of eight semantic consequence relations defined from a Tarski-logic L and a preference relation ≺. They are equivalent to Shoham’s so-called preferential entailment for smooth model structures, but avoid certain problems of the latter in non-smooth configurations. Each of the logics can be characterized in terms of what we call multi-selection semantics. After discussing this type of semantics, we focus on some concrete proposals from the literature, checking a number of meta-theoretic properties and elaborating on (...) their intuitive motivation. As it turns out, many of their meta-properties only hold in case ≺ is transitive. To tackle this problem, we propose slight modifications of each of the systems, showing the resulting logics to behave better at the intuitive level and in metatheoretic terms, for arbitrary ≺. (shrink)

A phenomenon called perspectival disagreement is laid out and modelled on the basis of modifications to known consensus measures for qualitative representations of preferences and transitive values by binary relations. Cases of perspectival disagreement are of general philosophical interest, because they allow for the possibility that two or more agents judge the value positions of other agents differently even when their assessments are based on the same evidence. Various examples of perspectival disagreement are given, generalizations are discussed, and it is (...) argued that any representation by cardinal utilities also gives rise to some form of perspectivity. Although the examples strongly suggest that this phenomenon occurs in real life, it is concluded in the end that it does not pose any fundamental threat to representations of preferences and values as binary relations. Instead, position‐sensitive measures of disagreement ought to be taken as a modelling option for cases in which the relative importance of preference changes matters to an agent. (shrink)