David Bourget (Western Ontario)
David Chalmers (ANU, NYU)
Rafael De Clercq
Ezio Di Nucci
Jack Alan Reynolds
Learn more about PhilPapers
Vienna Circle Institute Yearbook 5:67-79 (1998)
This paper makes a modest point. Suppose one wants to evaluate alternative policies, institutions or even constitutions on the basis of their consequences. To do so, one needs to evaluate their consequences and one needs to know what their consequences are. Let us suppose that the role of economic theories and game theory in particular is mainly to help us to use information we already possess or that we can acquire at a reasonable cost to judge what the consequences will be. We do not necessarily need true theories or theories that provide perfectly precise predictions. What sort of accuracy and precision we need depends on how the consequences of alternative policies are evaluated. The worth of an economic theory in this context of policy assessment depends on the accuracy of the predictions the theory permits, the costs of gathering the needed information, and the costs of learning and using the theory. My only excuse for uttering these truisms is that well known economists and philosophers have denied them
|Keywords||No keywords specified (fix it)|
|Categories||categorize this paper)|
Setup an account with your affiliations in order to access resources via your University's proxy server
Configure custom proxy (use this if your affiliation does not provide a proxy)
|Through your library|
References found in this work BETA
No references found.
Citations of this work BETA
No citations found.
Similar books and articles
Julian Fink (2010). Asymmetry, Scope, and Rational Consistency. Croatian Journal of Philosophy 10 (2):109-130.
Thom Paul (2010). Three Conceptions of Formal Logic. Vivarium 48 (1-2):228-242.
Paul Thom (2010). Three Conceptions of Formal Logic. Vivarium 48 (1-2):228-242.
Teun J. Dekker (2009). Choices, Consequences and Desert. Inquiry 52 (2):109 – 126.
Thomas Mayer (1999). The Domain of Hypotheses and the Realism of Assumptions. Journal of Economic Methodology 6 (3):319-330.
David A. Bantz (1982). The Philosophical Basis of Cost-Risk-Benefit Analyses. PSA: Proceedings of the Biennial Meeting of the Philosophy of Science Association 1982:227 - 242.
Don Fallis (2004). Epistemic Value Theory and Information Ethics. Minds and Machines 14 (1):101-117.
Joel Slemrod (2006). The Consequences of Taxation. Social Philosophy and Policy 23 (2):73-87.
Martin Bunzl (2002). Evolutionary Games Without Rationality? Philosophy of the Social Sciences 32 (3):365-378.
Added to index2009-01-28
Total downloads9 ( #363,763 of 1,907,059 )
Recent downloads (6 months)4 ( #200,048 of 1,907,059 )
How can I increase my downloads?