Graduate studies at Western
Journal of Economic Methodology 7 (1):59-93 (2000)
|Abstract||The paper investigates how normative considerations influenced the development of the theory of individual decision-making under risk. In the first part, the debate between Maurice Allais and the 'Neo-Bernoullians' (supporting the Expected Utility model) is reconstructed, in order to show that a controversy on the definition of rational decision and on the methodology of normative justification played a crucial role in legitimizing the Allais-paradox as genuinely refuting evidence. In the second part, it is shown how informal notions of rationality were among the tacit heuristic principles that led to the discovery of generalized models of decision put forward in the early eighties to replace the received model.|
|Keywords||No keywords specified (fix it)|
|Categories||categorize this paper)|
|Through your library||Configure|
Similar books and articles
Lara Buchak (forthcoming). Decision Theory. In Christopher Hitchcock & Alan Hajek (eds.), Oxford Handbook of Probability and Philosophy. Oxford University Press.
Marcel Boumans (2008). Battle in the Planning Office: Field Experts Versus Normative Statisticians. Social Epistemology 22 (4):389 – 404.
Mark Colyvan (2013). Idealisations in Normative Models. Synthese 190 (8):1337-1350.
Paul Weirich (2004). Realistic Decision Theory: Rules for Nonideal Agents in Nonideal Circumstances. OUP USA.
Reed Richter (1984). Rationality Revisited. Australasian Journal of Philosophy 62 (4):392 – 403.
José Luis Bermúdez (2010). Pitfalls for Realistic Decision Theory: An Illustration From Sequential Choice. Synthese 176 (1):23 - 40.
John C. Harsanyi (1977). Rule Utilitarianism and Decision Theory. Erkenntnis 11 (1):25 - 53.
Mark Colyvan (2009). Naturalising Normativity. In David Braddon-Mitchell & Robert Nola (eds.), Conceptual Analysis and Philosophical Naturalism. Mit Press.
Nathalie Etchart (2002). Adequate Moods for Non-Eu Decision Making in a Sequential Framework. Theory and Decision 52 (1):1-28.
Adam Bales, Daniel Cohen & Toby Handfield (2013). Decision Theory for Agents with Incomplete Preferences. Australasian Journal of Philosophy.
Richard Watt, Francisco J. Vázquez & Ignacio Moreno (2001). An Experiment on Rational Insurance Decisions. Theory and Decision 51 (2/4):247-296.
David R. Mandel (2000). On the Meaning and Function of Normative Analysis: Conceptual Blur in the Rationality Debate? Behavioral and Brain Sciences 23 (5):686-687.
Pradier Pierre-Charles, David Teira & Jallais Sophie (2008). Facts, Norms and Expected Utility Functions. History of the Human Sciences 21 (2):45-62.
Added to index2012-02-20
Total downloads3 ( #213,731 of 739,336 )
Recent downloads (6 months)1 ( #61,538 of 739,336 )
How can I increase my downloads?