David Bourget (Western Ontario)
David Chalmers (ANU, NYU)
Rafael De Clercq
Jack Alan Reynolds
Learn more about PhilPapers
Mind and Society 5 (2):199-211 (2006)
An argument is advanced to show why E-admissibility should be preferred over maximality as a principle of rational choice where rationality is understood as minimal rationality. Consideration is given to the distinction between second best and second worst options in three way choice that is ignored according to maximality. It is shown why the behavior exhibited in addressing the problems posed by Allais (Econometrica 21:503–546, 1952) and by Ellsberg (Q Econ 75:643–669, 1961) do not violate the independence postulate according to minimal rationality
|Keywords||V-admissibility Maximality E-admissibility Value structure Extended value structure Categorical preference Revealed preference Independence or sure thing principle|
|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
Jeffrey Foss (1976). A Rule of Minimal Rationality: The Logical Link Between Beliefs and Values. Inquiry 19 (1-4):341 – 353.
Maurice Lagueux (2004). The Forgotten Role of the Rationality Principle in Economics. Journal of Economic Methodology 11 (1):31-51.
Isaac Levi (1997). The Covenant of Reason: Rationality and the Commitments of Thought. Cambridge University Press.
Thomas Spitzley (2009). Self-Knowledge and Rationality. Erkenntnis 71 (1):73 - 88.
Thomas Kelly (2007). Evidence and Normativity: Reply to Leite. Philosophy and Phenomenological Research 75 (2):465–474.
Andre Kukla (1991). Criteria of Rationality and the Problem of Logical Sloth. Philosophy of Science 58 (3):486-490.
Danny Frederick (2013). Popper, Rationality and the Possibility of Social Science. Theoria 28 (1):61-75.
Viktor J. Vanberg (2004). The Rationality Postulate in Economics: Its Ambiguity, its Deficiency and its Evolutionary Alternative. Journal of Economic Methodology 11 (1):1-29.
Added to index2010-08-10
Total downloads10 ( #171,226 of 1,692,513 )
Recent downloads (6 months)1 ( #181,267 of 1,692,513 )
How can I increase my downloads?