The Locality and Globality of Instrumental Rationality: The normative significance of preference reversals

Synthese 191 (18):4353-4376 (2014)
Download Edit this record How to cite View on PhilPapers
When we ask a decision maker to express her preferences, it is typically assumed that we are eliciting a pre-existing set of preferences. However, empirical research has suggested that our preferences are often constructed on the fly for the decision problem at hand. This paper explores the ramifications of this empirical research for our understanding of instrumental rationality. First, I argue that these results pose serious challenges for the traditional decision-theoretic view of instrumental rationality, which demands global coherence amongst all of one's beliefs and desires. To address these challenges, I first develop a minimal notion of instrumental rationality that issues in localized, goal-relative demands of coherence. This minimal conception of instrumental rationality is then used to offer a more sophisticated account of the global aspects of instrumental rationality. The resulting view abandons all-or-nothing assessments of rationality and allows us to evaluate decision makers as being rational to varying degrees. My aim is to propose a theory that is both psychologically and normatively plausible.
Reprint years
PhilPapers/Archive ID
Revision history
Archival date: 2014-09-06
View upload history
References found in this work BETA
Thinking How to Live.Gibbard, Allan
Two Dogmas of Empiricism.Quine, Willard V. O.

View all 26 references / Add more references

Citations of this work BETA

Add more citations

Added to PP index

Total views
459 ( #9,165 of 50,317 )

Recent downloads (6 months)
53 ( #10,795 of 50,317 )

How can I increase my downloads?

Downloads since first upload
This graph includes both downloads from PhilArchive and clicks to external links.