The Independence Postulate, Hypothetical and Called-off Acts: a further reply to Rabinowicz [Book Review]
David Bourget (Western Ontario)
David Chalmers (ANU, NYU)
Rafael De Clercq
Ezio Di Nucci
Jonathan Jenkins Ichikawa
Jack Alan Reynolds
Learn more about PhilPapers
Theory and Decision 48 (4):319-322 (2000)
The Independence postulate links current preferences between called-off acts with current preferences between constant acts. Under the assumption that the chance-events used in compound von Neumann-Morgenstern lotteries are value-neutral, current preferences between these constant acts are linked to current preferences between hypothetical acts, conditioned by those chance events. Under an assumption of stability of preferences over time, current preferences between these hypothetical acts are linked to future preferences between what are then and there constant acts. Here, I show that a failure of Independence with respect to current preferences leads to an inconsistency in sequential decisions. Two called-off acts are constructed such that each is admissible in the same sequential decision and yet one is strictly preferred to the other. This responds to a question regarding admissibility posed by Rabinowicz ( Preference stability and substitution of indifferents: A rejoinder to Seidenfeld, Theory and Decision 48: 311â318 [this issue])
|Keywords||Economics / Management Science Economics/Management Science, general Operation Research/Decision Theory Methodology of the Social Sciences|
|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
Katie Siobhan Steele (2010). What Are the Minimal Requirements of Rational Choice? Arguments From the Sequential-Decision Setting. Theory and Decision 68 (4):463-487.
Similar books and articles
Wlodek Rabinowicz (2000). Preference Stability and Substitution of Indifferents: A Rejoinder to Seidenfeld. Theory and Decision 48 (4):311-318.
Tomoyuki Yamada (2008). Logical Dynamics of Some Speech Acts That Affect Obligations and Preferences. Synthese 165 (2):295 - 315.
Wlodek Rabinowicz (1997). On Seidenfeldâs Criticism of Sophisticated Violations of the Independence Axiom. Theory and Decision 43 (3):279-292.
Phillip Bricker (1980). Prudence. Journal of Philosophy 77 (7):381-401.
Martin Peterson (2004). From Outcomes to Acts: A Non-Standard Axiomatization of the Expected Utility Principle. Journal of Philosophical Logic 33 (4):361-378.
Teddy Seidenfeld (2000). Substitution of Indifferent Options at Choice Nodes and Admissibility: A Reply to Rabinowicz. Theory and Decision 48 (4):305-310.
Cesaltina Pacheco Pires (2002). A Rule For Updating Ambiguous Beliefs. Theory and Decision 53 (2):137-152.
Daniel John Zizzo (2002). From Reinforcement of Acts to Reinforcement of Social Preferences. Behavioral and Brain Sciences 25 (2):282-283.
Martin Peterson (2006). Indeterminate Preferences. Philosophical Studies 130 (2):297-320.
John K. Davis (2004). Precedent Autonomy and Subsequent Consent. Ethical Theory and Moral Practice 7 (3):267-291.
Wlodek Rabinowicz (1995). To Have One's Cake and Eat It, Too: Sequential Choice and Expected-Utility Violations. Journal of Philosophy 92 (11):586-620.
Wlodek Rabinowicz (2001). A Centipede for Intransitive Preferrers. Studia Logica 67 (2):167-178.
Donald W. Bruckner (2011). Second-Order Preferences and Instrumental Rationality. Acta Analytica 26 (4):367-385.
D. M. Hausman (2011). Mistakes About Preferences in the Social Sciences. Philosophy of the Social Sciences 41 (1):3-25.
Added to index2010-09-02
Total downloads21 ( #196,341 of 1,938,743 )
Recent downloads (6 months)6 ( #100,512 of 1,938,743 )
How can I increase my downloads?