Modelling change in individual characteristics: An axiomatic framework
| Abstract | Economic models describe individuals in terms of underlying characteristics, such as taste for some good, sympathy level for another player, time discount rate, risk attitude, and so on. In real life, such characteristics change: taste for Mozart changes by listening to it, sympathy for another player changes by observing his moves, and so on. Models typically ignore change, not just for simplicity but also because it is unclear how to incorporate change. I introduce a general axiomatic framework for analysing and comparing rival models of change. I show that seemingly basic postulates on modelling change together have strong implications, like irrelevance of the order in which someone has his experiences and ‘linearity’ of change. The …ndings help model selection, for both theoretical purposes (e.g. in game and decision theory) and empirical purposes (e.g. testing hypotheses or estimating parameters of change). | |||||||||
| Keywords | No keywords specified (fix it) | |||||||||
| Categories | No categories specified (fix it) | |||||||||
| Options |
|
|||||||||
Download options| PhilPapers Archive |
Upload a copy of this paper Check publisher's policy on self-archival Papers currently archived: 5,631 |
| External links |
  Try with proxy. Try with proxy. Try with proxy. Try with proxy. |
| Through your library | Only published papers are available at libraries |
Similar books and articlesEdo Pivčević (1990). Change and Selves. Oxford University Press.
Desh Raj Sirswal (2011). Philosophy of Social Change: Need of an Indian Model. In Desh Raj Sirswal (ed.), The Positive Philosophy.
Thomas Meyer (2001). Basic Infobase Change. Studia Logica 67 (2):215-242.
Anca Pusca (ed.) (2010). Walter Benjamin and the Aesthetics of Change. Palgrave Macmillan.
O. Bueno (2000). Empiricism, Scientific Change and Mathematical Change. Studies in History and Philosophy of Science Part A 31 (2):269-296.
Steven D. Hales & Timothy A. Johnson (2007). Time for Change. Southern Journal of Philosophy 45 (4):497-513.
Dongmo Zhang & Norman Foo (2001). Infinitary Belief Revision. Journal of Philosophical Logic 30 (6):525-570.
Analytics
Monthly downloads
Sorry, there are not enough data points to plot this chart.
|
Added to index2009-01-28Total downloads3 ( #201,695 of 548,941 )Recent downloads (6 months)0How can I increase my downloads? |
My notes
Discussion
