David Bourget (Western Ontario)
David Chalmers (ANU, NYU)
Rafael De Clercq
Jack Alan Reynolds
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Philosophy of Science 71 (3):263-285 (2004)
Rational addiction theories illustrate how absurd choice theories in economics get taken seriously as possibly true explanations and tools for welfare analysis despite being poorly interpreted, empirically unfalsifiable, and based on wildly inaccurate assumptions selectively justified by ad-hoc stories. The lack of transparency introduced by poorly anchored mathematical models, the psychological persuasiveness of stories, and the way the profession neglects relevant issues are suggested as explanations for how what we perhaps should see as displays of technical skill and ingenuity are allowed to blur the lines between science and games.
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Ole Rogeberg & Hans Olav Melberg (2011). Acceptance of Unsupported Claims About Reality: A Blind Spot in Economics. Journal of Economic Methodology 18 (01):29-52.
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