Switch to: References

Citations of:

Internal consistency of choice

Econometrica 61:495–521 (1993)

Add citations

You must login to add citations.
  1. Expected Comparative Utility Theory: A New Theory of Rational Choice.David Robert - 2018 - Philosophical Forum 49 (1):19-37.
    In this paper, I argue for a new normative theory of rational choice under risk, namely expected comparative utility (ECU) theory. I first show that for any choice option, a, and for any state of the world, G, the measure of the choiceworthiness of a in G is the comparative utility (CU) of a in G—that is, the difference in utility, in G, between a and whichever alternative to a carries the greatest utility in G. On the basis of this (...)
    Download  
     
    Export citation  
     
    Bookmark   3 citations  
  • A restatement of expected comparative utility theory: A new theory of rational choice under risk.David Robert - 2021 - Philosophical Forum 52 (3):221-243.
    In this paper, I argue for a new normative theory of rational choice under risk, namely expected comparative utility (ECU) theory. I first show that for any choice option, a, and for any state of the world, G, the measure of the choiceworthiness of a in G is the comparative utility (CU) of a in G—that is, the difference in utility, in G, between a and whichever alternative to a carries the greatest utility in G. On the basis of this (...)
    Download  
     
    Export citation  
     
    Bookmark   1 citation  
  • The Isaac Levi Prize 2023: Optimization and Beyond.Akshath Jitendranath - 2024 - Journal of Philosophy 121 (3):1-2.
    This paper will be concerned with hard choices—that is, choice situations where an agent cannot make a rationally justified choice. Specifically, this paper asks: if an agent cannot optimize in a given situation, are they facing a hard choice? A pair of claims are defended in light of this question. First, situations where an agent cannot optimize because of incompleteness of the binary preference or value relation constitute a hard choice. Second, situations where agents cannot optimize because the binary preference (...)
    Download  
     
    Export citation  
     
    Bookmark  
  • Optimization and Beyond.Akshath Jitendranath - 2024 - Journal of Philosophy 121 (3):121-146.
    This paper will be concerned with hard choices—that is, choice situations where an agent cannot make a rationally justified choice. Specifically, this paper asks: if an agent cannot optimize in a given situation, are they facing a hard choice? A pair of claims are defended in light of this question. First, situations where an agent cannot optimize because of incompleteness of the binary preference or value relation constitute a hard choice. Second, situations where agents cannot optimize because the binary preference (...)
    Download  
     
    Export citation  
     
    Bookmark  
  • Information, Interaction, and Agency.Wiebe van der Hoek (ed.) - 2005 - Dordrecht, Netherland: Springer.
    Contemporary epistemological and cognitive studies, as well as recent trends in computer science and game theory have revealed an increasingly important and intimate relationship between Information, Interaction, and Agency. Agents perform actions based on the available information and in the presence of other interacting agents. From this perspective Information, Interaction, and Agency neatly ties together classical themes like rationality, decision-making and belief revision with games, strategies and learning in a multi-agent setting. Unified by the central notions Information, Interaction, and Agency, (...)
    Download  
     
    Export citation  
     
    Bookmark  
  • The Eclipse of Value-Free Economics. The concept of multiple self versus homo economicus.Aleksander Ostapiuk - 2020 - Wrocław, Polska: Publishing House of Wroclaw University of Economics and Business.
    The books’ goal is to answer the question: Do the weaknesses of value-free economics imply the need for a paradigm shift? The author synthesizes criticisms from different perspectives (descriptive and methodological). Special attention is paid to choices over time, because in this area value-free economics has the most problems. In that context, the enriched concept of multiple self is proposed and investigated. However, it is not enough to present the criticisms towards value-free economics. For scientists, a bad paradigm is better (...)
    Download  
     
    Export citation  
     
    Bookmark   2 citations  
  • Hidden information acquisition and static choice.Timothy Van Zandt - 1996 - Theory and Decision 40 (3):235-247.
    Download  
     
    Export citation  
     
    Bookmark   1 citation  
  • Gandalf’s solution to the Newcomb problem.Ralph Wedgwood - 2013 - Synthese 190 (14):2643–2675.
    This article proposes a new theory of rational decision, distinct from both causal decision theory (CDT) and evidential decision theory (EDT). First, some intuitive counterexamples to CDT and EDT are presented. Then the motivation for the new theory is given: the correct theory of rational decision will resemble CDT in that it will not be sensitive to any comparisons of absolute levels of value across different states of nature, but only to comparisons of the differences in value between the available (...)
    Download  
     
    Export citation  
     
    Bookmark   39 citations  
  • Deliberative institutional economics, or does homo oeconomicus argue?: A proposal for combining new institutional economics with discourse theory.Anne van Aaken - 2002 - Philosophy and Social Criticism 28 (4):361-394.
    Institutional economics and discourse theory stand unconnected next to each other, in spite of the fact that they both ask for the legitimacy of institutions (normative) and the functioning and effectiveness of institutions (positive). Both use as theoretical constructions rational individuals and the concept of consensus for legitimacy. Whereas discourse theory emphasizes the conditions of a legitimate consensus and could thus enable institutional economics to escape the infinite regress of judging a consensus legitimate, institutional economics has a tested social science (...)
    Download  
     
    Export citation  
     
    Bookmark  
  • On the Possibility of Paretian Egalitarianism.Peter Vallentyne - 2005 - Journal of Philosophy 102 (3):126-154.
    We here address the question of how, for a theory of justice, a concern for the promotion of equality can be combined with a concern for making people as well off as possible. Leximin, which requires making the worst off position as well off as possible, is one way of combining a concern for making people’s lives go well with a special concern for those who are especially poorly off. Many egalitarians, however, reject its near-monomaniacal focus on the worst off (...)
    Download  
     
    Export citation  
     
    Bookmark   16 citations  
  • Précis of simple heuristics that make us Smart.Peter M. Todd & Gerd Gigerenzer - 2000 - Behavioral and Brain Sciences 23 (5):727-741.
    How can anyone be rational in a world where knowledge is limited, time is pressing, and deep thought is often an unattainable luxury? Traditional models of unbounded rationality and optimization in cognitive science, economics, and animal behavior have tended to view decision-makers as possessing supernatural powers of reason, limitless knowledge, and endless time. But understanding decisions in the real world requires a more psychologically plausible notion of bounded rationality. In Simple heuristics that make us smart (Gigerenzer et al. 1999), we (...)
    Download  
     
    Export citation  
     
    Bookmark   64 citations  
  • Constructivism, representation, and stability: path-dependence in public reason theories of justice.John Thrasher - 2019 - Synthese 196 (1):429-450.
    Public reason theories are characterized by three conditions: constructivism, representation, and stability. Constructivism holds that justification does not rely on any antecedent moral or political values outside of the procedure of agreement. Representation holds that the reasons for the choice in the model must be rationally explicable to real agents outside the model. Stability holds that the principles chosen in the procedure should be stable upon reflection, especially in the face of diversity in a pluralistic society. Choice procedures that involve (...)
    Download  
     
    Export citation  
     
    Bookmark   7 citations  
  • John B. Davis's Individuals and identity in economics. Cambridge (UK): Cambridge University Press, 2011, 270pp. [REVIEW]Miriam Teschl - 2011 - Erasmus Journal for Philosophy and Economics 4 (2):74.
    Download  
     
    Export citation  
     
    Bookmark  
  • How choice proliferation affects revealed preferences.Benoît Tarroux, Marianne Lumeau & Fabrice Le Lec - 2021 - Theory and Decision 93 (2):331-358.
    Whereas the literature on choice overload has shown that people tend to defer their choice or experience less satisfaction under choice proliferation, this paper aims to test how the profusion of choice directly affects individuals’ revealed preferences over options. To do so, we run an experiment where subjects have to compare familiar and unfamiliar options under different choice contexts. We hypothesize that, as the choice set expands, the decisions become harder and more costly and subjects may find familiar items relatively (...)
    Download  
     
    Export citation  
     
    Bookmark  
  • Choice Functions: Rationality re-Examined.Begoña Subiza & Josep E. Peris - 2000 - Theory and Decision 48 (3):287-304.
    On analyzing the problem that arises whenever the set of maximal elements is large, and a selection is then required (see Peris & Subiza 1998), we realize that logical ways of selecting among maximals violate the classical notion and axioms of rationality. We arrive at the same conclusion if we analyze solutions to the problem of choosing from a tournament (where maximal elements do not necessarily exist). So, in our opinion the notion of rationality must be discussed, not only in (...)
    Download  
     
    Export citation  
     
    Bookmark   2 citations  
  • The “Rationality Wars” in Psychology: Where They Are and Where They Could Go.Thomas Sturm - 2012 - Inquiry: An Interdisciplinary Journal of Philosophy 55 (1):66-81.
    Current psychology of human reasoning is divided into several different approaches. For instance, there is a major dispute over the question whether human beings are able to apply norms of the formal models of rationality such as rules of logic, or probability and decision theory, correctly. While researchers following the “heuristics and biases” approach argue that we deviate systematically from these norms, and so are perhaps deeply irrational, defenders of the “bounded rationality” approach think not only that the evidence for (...)
    Download  
     
    Export citation  
     
    Bookmark   14 citations  
  • Conditional choice with a vacuous second tier.Rush T. Stewart - 2016 - Synthese 193 (1):219-243.
    This paper studies a generalization of rational choice theory. I briefly review the motivations that Helzner gives for his conditional choice construction . Then, I focus on the important class of conditional choice functions with vacuous second tiers. This class is interesting for both formal and philosophical reasons. I argue that this class makes explicit one of conditional choice’s normative motivations in terms of an account of neutrality advocated within a certain tradition in decision theory. The observations recorded—several of which (...)
    Download  
     
    Export citation  
     
    Bookmark   1 citation  
  • Why humans are (sometimes) less rational than other animals: Cognitive complexity and the axioms of rational choice.Keith E. Stanovich - 2013 - Thinking and Reasoning 19 (1):1 - 26.
    (2013). Why humans are (sometimes) less rational than other animals: Cognitive complexity and the axioms of rational choice. Thinking & Reasoning: Vol. 19, No. 1, pp. 1-26. doi: 10.1080/13546783.2012.713178.
    Download  
     
    Export citation  
     
    Bookmark   19 citations  
  • Good guesses as accuracy-specificity tradeoffs.Mattias Skipper - 2023 - Philosophical Studies 180 (7):2025-2050.
    Guessing is a familiar activity, one we engage in when we are uncertain of the answer to a question under discussion. It is also an activity that lends itself to normative evaluation: some guesses are better than others. The question that interests me here is what makes for a good guess. In recent work, Dorst and Mandelkern have argued that good guesses are distinguished from bad ones by how well they optimize a tradeoff between accuracy and specificity. Here I argue (...)
    Download  
     
    Export citation  
     
    Bookmark   1 citation  
  • Controversies around Neuroeconomics: Empirical, Methodological and Philosophical Issues.Daniel Serra - 2023 - Revue de Philosophie Économique 23 (2):135-193.
    À la fin des années 1990, plusieurs tendances convergentes en économie, psychologie et neuroscience ont préparé le terrain pour la naissance d’un nouveau champ scientifique qualifié de « neuroéconomie ». Comme pour toute discipline émergente – pensons par exemple à l’économie mathématique, l’économétrie ou l’économie expérimentale en d’autres temps – la neuroéconomie est plutôt controversée en économie. Elle soulève un grand nombre de questions d’ordre empirique, méthodologique et philosophiques donnant lieu à des débats et controverses que l’article identifie et discute (...)
    Download  
     
    Export citation  
     
    Bookmark  
  • IIA, rationality, and the individuation of options.Tina Rulli & Alex Worsnip - 2016 - Philosophical Studies 173 (1):205-221.
    The independence of irrelevant alternatives is a popular and important axiom of decision theory. It states, roughly, that one’s choice from a set of options should not be influenced by the addition or removal of further, unchosen options. In recent debates, a number of authors have given putative counterexamples to it, involving intuitively rational agents who violate IIA. Generally speaking, however, these counterexamples do not tend to move IIA’s proponents. Their strategy tends to be to individuate the options that the (...)
    Download  
     
    Export citation  
     
    Bookmark   7 citations  
  • Notes and Comments.Brian Mcneil - 1938 - New Scholasticism 12 (2):197-198.
    Download  
     
    Export citation  
     
    Bookmark  
  • Risk and the Unfairness of Some Being Better Off at the Expense of Others.Thomas Rowe - 2019 - Journal of Ethics and Social Philosophy 16 (1).
    This paper offers a novel account of how complaints of unfairness arise in risky distributive cases. According to a recently proposed view in distributive ethics, the Competing Claims View, an individual has a claim to a benefit when her well-being is at stake, and the strength of this claim is determined by the expected gain to the individual’s well-being, along with how worse off the individual is compared to others. If an individual is at a lower level of well-being than (...)
    Download  
     
    Export citation  
     
    Bookmark   4 citations  
  • A counterexample to six fundamental principles of belief formation.Hans Rott - 2004 - Synthese 139 (2):225 - 240.
    In recent years there has been a growing consensus that ordinary reasoning does not conform to the laws of classical logic, but is rather nonmonotonic in the sense that conclusions previously drawn may well be removed upon acquiring further information. Even so, rational belief formation has up to now been modelled as conforming to some fundamental principles that are classically valid. The counterexample described in this paper suggests that a number of the most cherished of these principles should not be (...)
    Download  
     
    Export citation  
     
    Bookmark   17 citations  
  • Power of Enforcement and Dictatorship.Antonio Quesada - 2002 - Theory and Decision 52 (4):381-387.
    A new Arrovian impossibility is obtained without invoking independence of irrelevant alternatives type assumptions. The new conditions leading to the impossibility are based on the concept of power of enforcement, and specify how this power can (see A3) or cannot be expanded (see A1, A2 and A4).
    Download  
     
    Export citation  
     
    Bookmark  
  • The concepts of choice and preference in economics.Prasanta K. Pattanaik - 2013 - Journal of Economic Methodology 20 (2):215-218.
    Download  
     
    Export citation  
     
    Bookmark   2 citations  
  • Skepticism about Saving the Greater Number.Michael Otsuka - 2004 - Philosophy and Public Affairs 32 (4):413-426.
    Suppose that each of the following four conditions obtains: 1. You can save either a greater or a lesser number of innocent people from (equally) serious harm. 2. You can do so at trivial cost to yourself. 3. If you act to save, then the harm you prevent is harm that would not have been prevented if you had done nothing. 4. All other things are equal. A skeptic about saving the greater number rejects the common-sensical claim that you have (...)
    Download  
     
    Export citation  
     
    Bookmark   22 citations  
  • How it makes a moral difference that one is worse off than one could have been.Michael Otsuka - 2018 - Politics, Philosophy and Economics 17 (2):192-215.
    In this article, I argue that it makes a moral difference whether an individual is worse off than she could have been. Here, I part company with consequentialists such as Parfit and side with contractualists such as Scanlon. But, unlike some contractualists, I reject the view that all that matters is whether a principle can be justified to each particular individual, where such a justification is attentive to her interests, complaints and other claims. The anonymous goodness of a distribution also (...)
    Download  
     
    Export citation  
     
    Bookmark   10 citations  
  • Value-free paradise is lost. Economists could learn from artists.Aleksander Ostapiuk - 2020 - Annales. Ethics in Economic Life 23 (4):7-33.
    Despite the conclusions from the contemporary philosophy of science, many economists cherish the ideal of positive science. Therefore, value-free economics is still the central paradigm in economics. The first aim of the paper is to investigate economics' axiomatic assumptions from an epistemological perspective. The critical analysis of the literature shows that the positive-normative dichotomy is exaggerated. Moreover, value-free economics is based on normative foundations that have a negative impact on individuals and society. The paper's second aim is to show that (...)
    Download  
     
    Export citation  
     
    Bookmark  
  • Belief revision, rational choice and the unity of reason.Erik J. Olsson - 2003 - Studia Logica 73 (2):219 - 240.
    Hans Rott has argued, most recently in his book Change, Choice and Inference, that certain formal correspondences between belief revision and rational choice have important philosophical implications, claiming that the former strongly indicate the unity of practical and theoretical reason as well as the primacy of practical reason. In this paper, I confront Rott's argument with three serious challenges. My conclusion is that, while Rott's work is indisputable as a formal achievement, the philosophical consequences he wants to draw are not (...)
    Download  
     
    Export citation  
     
    Bookmark   3 citations  
  • Agency, Freedom and Choice, Constanze Binder.Nestor Lovera Nieto - 2022 - Revue de Philosophie Économique 22 (2):219-231.
    Download  
     
    Export citation  
     
    Bookmark  
  • Choosing and Describing: Sen and the Irrelevance of Independence Alternatives. [REVIEW]Michael Neumann - 2007 - Theory and Decision 63 (1):79-94.
    Amartya Sen argues that it is not, after all, irrational to reverse preferences when your choices are amplified by an ‘irrelevant’ alternative. He offers examples such as the agent who always picks the next-to-largest piece of cake. Given a choice between a larger and smaller piece, I will prefer the smaller one. But when a third and largest piece in added to my alternatives, I will now prefer the formerly largest piece over the smallest piece. This violates ‘contraction consistency’: a (...)
    Download  
     
    Export citation  
     
    Bookmark   8 citations  
  • ¡Las preferencias dependen del punto de referencia!Daniel Alejandro Monroy Cely - 2022 - Isonomía. Revista de Teoría y Filosofía Del Derecho 53.
    La teoría “coaseana” del derecho, y el Análisis Económico del Derecho en general, asumen implícitamente la veracidad de dos premisas comportamentales: la “exogeneidad de la preferencia” y la “independencia de la referencia”. Este artículo señala algunas objeciones a estas premisas, luego evidencia algunas implicaciones acerca de: cómo el AED –desde un punto de vista positivo– pronostica los comportamientos de las personas y los efectos de las normas jurídicas entendidas como incentivos, y cómo, –desde un punto de vista normativo– la teoría (...)
    Download  
     
    Export citation  
     
    Bookmark  
  • Optimize, satisfice, or choose without deliberation? A simple minimax-regret assessment.Charles F. Manski - 2017 - Theory and Decision 83 (2):155-173.
    Simon introduced satisficing, but he did not provide a precise definition or analysis. Other researchers have subsequently interpreted satisficing in various ways, but a consensus perspective still has not emerged. This paper interprets satisficing as a class of decision strategies that a person might use when seeking to optimize in a setting where deliberation is costly. Costly deliberation lies at the heart of Simon’s motivation of satisficing, but he did not formalize the idea. I do so here, studying decision making (...)
    Download  
     
    Export citation  
     
    Bookmark   5 citations  
  • Rational preferences and reindividuation of relevant alternatives in decision theory: towards a theory of representation.Hadrien Mamou - 2020 - Topoi 39 (2):283-292.
    In this essay, I will examine Broome’s argument in Weighing Goods (1991; sections 5.4 and 5.5) that aims to show that moderate Humeanism, according to which any coherent sets of preferences should be rationally acceptable, is not a sustainable view of decision theory. I will focus more specifically on the argument Broome uses to support his claim, and show that although it may get some traction, it does not undermine moderate Humeanism as we know it. After reconstructing Broome’s argument, I (...)
    Download  
     
    Export citation  
     
    Bookmark   1 citation  
  • On the consistency of choice.Ola Mahmoud - 2017 - Theory and Decision 83 (4):547-572.
    Consistency of choice is a fundamental and recurring theme in decision theory, social choice theory, behavioral economics, and psychological sciences. The purpose of this paper is to study the consistency of choice independent of the particular decision model at hand. Consistency is viewed as an inherently logical concept that is fundamentally void of connotation and is thus disentangled from traditional rationality or consistency conditions imposed on decision models. The proposed formalization of consistency takes two forms: internal consistency, which refers to (...)
    Download  
     
    Export citation  
     
    Bookmark   1 citation  
  • |N| cheers for democracy.I. D. A. MacIntyre - 2002 - Synthese 131 (2):259 - 274.
    The paper examines representative cases of ``dishonest'''' voting. In all but one case the claim that ``strategic voting'''' is ``dishonest'''' is refuted. In all cases the effects of ``misrepresentation'''' need never harm any majority. Indeed majorities may benefit from ``strategy'''' (in non-cycle cases too). In fact democracy demands ``strategy''''. Although the universal value of the choice set is disputed even in the one recalcitrant case, the result is, after all, an element in the ``honest'''' choice set.
    Download  
     
    Export citation  
     
    Bookmark   1 citation  
  • Reason-based choice and context-dependence: An explanatory framework.Franz Dietrich & Christian List - 2016 - Economics and Philosophy 32 (2):175-229.
    We introduce a “reason-based” framework for explaining and predicting individual choices. It captures the idea that a decision-maker focuses on some but not all properties of the options and chooses an option whose motivationally salient properties he/she most prefers. Reason-based explanations allow us to distinguish between two kinds of context-dependent choice: the motivationally salient properties may (i) vary across choice contexts, and (ii) include not only “intrinsic” properties of the options, but also “context-related” properties. Our framework can accommodate boundedly rational (...)
    Download  
     
    Export citation  
     
    Bookmark   24 citations  
  • Mentalism versus Behaviourism in Economics: A Philosophy-of-Science Perspective.Franz Dietrich & Christian List - 2016 - Economics and Philosophy 32 (2):249-281.
    Behaviourism is the view that preferences, beliefs, and other mental states in social-scientific theories are nothing but constructs re-describing people's behaviour. Mentalism is the view that they capture real phenomena, on a par with the unobservables in science, such as electrons and electromagnetic fields. While behaviourism has gone out of fashion in psychology, it remains influential in economics, especially in ‘revealed preference’ theory. We defend mentalism in economics, construed as a positive science, and show that it fits best scientific practice. (...)
    Download  
     
    Export citation  
     
    Bookmark   45 citations  
  • Money Pumps, Synchronic and Diachronic.Yair Levy - 2014 - Journal of Ethics and Social Philosophy 8 (2):1-7.
    Download  
     
    Export citation  
     
    Bookmark  
  • On the Impossibility of Amalgamating Evidence.Aki Lehtinen - 2013 - Journal for General Philosophy of Science / Zeitschrift für Allgemeine Wissenschaftstheorie 44 (1):101-110.
    It is argued in this paper that amalgamating confirmation from various sources is relevantly different from social-choice contexts, and that proving an impossibility theorem for aggregating confirmation measures directs attention to irrelevant issues.
    Download  
     
    Export citation  
     
    Bookmark   3 citations  
  • Embedded choices.Diego Lanzi - 2010 - Theory and Decision 68 (3):263-280.
    In this article, we present a contextually embedded choice theory. Using concepts and tools of poset mathematics, we show how to include in rational choice theory cultural and social effects. Specifically, we define some choice superstructures, seen as choice set transformations imposed by cultural and social norms. As we shall argue, these transformations can be of help to explain choice behavior within different contexts. Moreover, we show that, once choice superstructures are taken into account, some well-known results about maximizing and (...)
    Download  
     
    Export citation  
     
    Bookmark  
  • On a Heuristic Interpretation of Nonconsequentialism.Kazuto Kuki - 2014 - Kagaku Tetsugaku 47 (2):69-85.
    Download  
     
    Export citation  
     
    Bookmark  
  • Is Context-Based Choice due to Context-Dependent Preferences?Kobi Kriesler & Shmuel Nitzan - 2008 - Theory and Decision 64 (1):65-80.
    The rationalization of context-based choice is usually based on the assumption that preferences are context-dependent. In this paper, we show that context-based choice can be due to the characteristics of the choice procedure applied by the individual and not to the dependence of preferences (stochastic or deterministic) on the context. Our arguments are illustrated focusing on the much-studied dominated-alternative effects.
    Download  
     
    Export citation  
     
    Bookmark   1 citation  
  • Intransitive choices based on transitive preferences: The case of menu-dependent information.Georg Kirchsteiger & Clemens Puppe - 1996 - Theory and Decision 41 (1):37-58.
    Download  
     
    Export citation  
     
    Bookmark   4 citations  
  • Culture and the Explanation of Choice behavior.Donald W. Katzner - 2000 - Theory and Decision 48 (3):241-262.
    This paper shows how alternative, culturally-determined motivational forces can be substituted for self-interest or rationality in the theory of choice. Several possibilities are considered, including the replacement of preference optimization by such propellants as the selection of the `second best' or the `central' option. It is argued that although all choice behavior, even that consistent with the alternatives considered, can ultimately be understood as satisfying the criterion of rationality, richer and more meaningful explanation is obtained by focusing on culturally significant (...)
    Download  
     
    Export citation  
     
    Bookmark   1 citation  
  • A core ontology for requirements.Ivan J. Jureta, John Mylopoulos & Stéphane Faulkner - 2009 - Applied ontology 4 (3):169-244.
    Download  
     
    Export citation  
     
    Bookmark   2 citations  
  • The behavioural ecology of irrational behaviours.Philippe Huneman & Johannes Martens - 2017 - History and Philosophy of the Life Sciences 39 (3):23.
    Natural selection is often envisaged as the ultimate cause of the apparent rationality exhibited by organisms in their specific habitat. Given the equivalence between selection and rationality as maximizing processes, one would indeed expect organisms to implement rational decision-makers. Yet, many violations of the clauses of rationality have been witnessed in various species such as starlings, hummingbirds, amoebas and honeybees. This paper attempts to interpret such discrepancies between economic rationality and biological rationality. After having distinguished two kinds of rationality we (...)
    Download  
     
    Export citation  
     
    Bookmark   2 citations  
  • A Note On Impossibility Theorems and Seniority Rules.Matthias Hild - 2004 - Theory and Decision 57 (1):69-78.
    We characterize seniority rules, also known as lexical dictatorships, under weak consistency constraints on the group’s choice function. These constraints are base triple-acyclicity in the case of binary choices and rationalizability (although not rationality) in the case of choices between an arbitrary number of alternatives. Existing results on these weakened constraints remain silent on the treatment of the group’s most junior individuals and therefore do not yield a complete characterization of seniority rules. We also impose a universal domain, binary strict (...)
    Download  
     
    Export citation  
     
    Bookmark  
  • Epistemology and economics.Jeffrey Helzner - 2013 - Synthese 190 (5):781-786.
    Download  
     
    Export citation  
     
    Bookmark