David Bourget (Western Ontario)
David Chalmers (ANU, NYU)
Rafael De Clercq
Jack Alan Reynolds
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Journal of Business Ethics 78 (3):389 - 400 (2008)
This article explores links between the modern theory of rational choice and ethics. Ethics allows us to answer an unsolved question in modern decision theory: the structuring problem in decisions. Such a problem cannot be solved coming from the principle of expected utility. This principle can solve the problem of ‚choosing’ among given alternatives, but does not establish which alternatives should be taken into account in decision. In order to understand the structuring problem, the act of ‚choosing’ has to be completed with three human acts: operating, predicting and evaluating. At the same time, the subjective criteria of rational choice – probability and utility – have to be completed with three objective criteria: efficiency, truth and goodness. Utility is a subjective value of an alternative considered in relation to another. Efficiency, truth and goodness are objective qualities of the joint alternatives in relation to the reality: the real operating possibilities of the agent, the real possibilities of his environment and the true good produced. So, the rule that guarantees a decision to be optimal would be: “do that which most certainly maximises our preferences, according to real operative resources, true knowledge and the right will”. However, this rule cannot be applied without the development of virtues, which could be seen as the main moral competences in decision-making.
|Keywords||Aquinas Aristotle decision-making ethics theory of the choice virtues|
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References found in this work BETA
Margarita Mauri (1994). Conciencia y elección. Anuario Filosófico 27 (2):829-840.
Citations of this work BETA
Joan Fontrodona, Alejo José G. Sison & Boudewijn de Bruin (2013). Editorial Introduction: Putting Virtues Into Practice. A Challenge for Business and Organizations. [REVIEW] Journal of Business Ethics 113 (4):563-565.
Rafael Morales-Sánchez & Carmen Cabello-Medina (2013). The Role of Four Universal Moral Competencies in Ethical Decision-Making. Journal of Business Ethics 116 (4):717-734.
Claus Dierksmeier (2013). Kant on Virtue. Journal of Business Ethics 113 (4):597-609.
Catherine Marsh (2013). Business Executives' Perceptions of Ethical Leadership and Its Development. Journal of Business Ethics 114 (3):565-582.
Natàlia Cugueró-Escofet & Marion Fortin (2013). One Justice or Two? A Model of Reconciliation of Normative Justice Theories and Empirical Research on Organizational Justice. Journal of Business Ethics:1-17.
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