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- Krister Bykvist (2010). Can Unstable Preferences Provide a Stable Standard of Well-Being? Economics and Philosophy 26 (1):1-26.
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A second-order preference is a preference over preferences. This paper addresses the role that second-order preferences play in a theory of instrumental rationality. I argue that second-order preferences have no role to play in the prescription or evaluation of actions aimed at ordinary ends. Instead, second-order preferences are relevant to prescribing or evaluating actions only insofar as those actions have a role in changing or maintaining first-order preferences. I establish these claims by examining and rejecting the view that second-order preferences trump first-order preferences. I also examine and reject the view that second-order preferences give additional normative force to an agent’s preferred first-order preferences. I conclude by arguing that second-order preferences should be integrated into an agent’s object-level preference ordering, and by explaining how best to make sense of this integration.
According to standard rational choice theory, as commonly used in political science and economics, an agent’s fundamental preferences are exogenously …xed, and any preference change over decision options is due to Bayesian information learning. Although elegant and parsimonious, this model fails to account for preference change driven by experiences or psychological changes distinct from information learning. We develop a model of non-informational preference change. Alternatives are modelled as points in some multidimensional space, only some of whose dimensions play a role in shaping the agent’s preferences. Any change in these ‘motivationally salient’ dimensions can change the agent’s preferences. How it does so is described by a new representation theorem. Our model not only captures a wide range of frequently observed phenomena, but also generalizes some standard representations of preferences in political science and economics.
Preferences are the central notion in mainstream economic theory, yet economists say little about what preferences are. This article argues that preferences in mainstream positive economics are comparative evaluations with respect to everything relevant to value or choice, and it argues against three mistaken views of preferences: (1) that they are matters of taste, concerning which rational assessment is inappropriate, (2) that preferences coincide with judgments of expected self-interested benefit, and (3) that preferences can be defined in terms of choices.
The standard argument for the claim that rational preferences are transitive is the pragmatic money-pump argument. However, a money-pump only exploits agents with cyclic strict preferences. In order to pump agents who violate transitivity but without a cycle of strict preferences, one needs to somehow induce such a cycle. Methods for inducing cycles of strict preferences from non-cyclic violations of transitivity have been proposed in the literature, based either on offering the agent small monetary transaction premiums or on multi-dimensional preferences. This paper argues that previous proposals have been flawed and presents a new approach based on the dominance principle.
Preferences play a role in well-being that is difficult to escape, but whatever authority one grants to preferences, their malleability seems to cause problems for any theory of well-being that employs them. Most importantly, preferences appear to display a status-quo bias: people come to prefer what they are likely rather than unlikely to get. I try to do two things here. The first is to provide a more precise characterization of the status-quo bias, how it functions, and how it infects commonly accepted theories of well-being. The second is to give an alternative characterization of an agent's preferences that succeeds in avoiding the status-quo bias.
There is persistent heterodoxy in the physics literature concerning the proper treatment of those quantons that are unstable against spontaneous decay. Following a brief litany of this heterodoxy, I develop some of the consequences of assuming that such quantons can exist, undecayed and isolated, at definite times and that their treatment can be carried out within a standard quantum theoretic state space. This assumption requires hyperplane dependence for the unstable quanton states and leads to clarification of some recent results concerning deviations from relativistic time dilation of decay lifetimes. In the course of the discussion I make some observations on the relationship of unstable quantons to quantum fields.
This paper clarifies how stability of character is a good thing and how it is related to being open to change for the better by considering four ways character can be stable or unstable and four stable characteristics that are forms of openness to improvement of character.
This paper is concerned with intransitivity in normative rational choice. It focuses on a class of intransitivities which have received little attention, those involving vague preferences. “Vague preferences” are defined in terms of vague predicates such as “red” or “bald.” Such preferences appear common, and intransitive indifference is argued to be an unavoidable feature of them. Such preferences are argued to undermine intransitive strict preference also. Various formal theories of vagueness are applied to an example of vague preferences, but none of them provide a justification for the transitivity axiom.
A maximal almost disjoint (mad) family $\mathscr{A} \subseteq [\omega]^\omega$ is Cohen-stable if and only if it remains maximal in any Cohen generic extension. Otherwise it is Cohen-unstable. It is shown that a mad family, A, is Cohen-unstable if and only if there is a bijection G from ω to the rationals such that the sets G[A], A ∈A are nowhere dense. An ℵ 0 -mad family, A, is a mad family with the property that given any countable family $\mathscr{B} \subset [\omega]^\omega$ such that each element of B meets infinitely many elements of A in an infinite set there is an element of A meeting each element of B in an infinite set. It is shown that Cohen-stable mad families exist if and only if there exist ℵ 0 -mad families. Either of the conditions b = c or $\mathfrak{a} ) implies that there exist Cohen-stable mad families. Similar results are obtained for splitting families. For example, a splitting family, S, is Cohen-unstable if and only if there is a bijection G from ω to the rationals such that the boundaries of the sets G[S], S ∈S are nowhere dense. Also, Cohen-stable splitting families of cardinality ≤ κ exist if and only if ℵ 0 -splitting families of cardinality ≤ κ exist.
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