The logic of normative falsification: rationality and experiments in decision theory

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)
DOI 10.1080/135017800362248
Options
 Save to my reading list
Follow the author(s)
My bibliography
Export citation
Find it on Scholar
Edit this record
Mark as duplicate
Revision history
Request removal from index
Download options
Our Archive


Upload a copy of this paper     Check publisher's policy     Papers currently archived: 29,567
External links

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
Truth and Probability.F. P. Ramsey - 2010 - In Antony Eagle (ed.), Philosophy of Probability: Contemporary Readings. Routledge. pp. 52-94.
Falsification and the Methodology of Scientific Research Programmes.Lakatos Imre - 1970 - In Imre Lakatos & Alan Musgrave (eds.), Criticism and the Growth of Knowledge. Cambridge University Press. pp. 91-195.
A Renaissance of Empiricism in the Recent Philosophy of Mathematics.Imre Lakatos - 1976 - British Journal for the Philosophy of Science 27 (3):201-223.

View all 12 references / Add more references

Citations of this work BETA
Experimental Philosophy of Economics.Michiru Nagatsu - 2013 - Economics and Philosophy 29 (2):263-76.
La Théorie de la Décision Et la Psychologie du Sens Commun.P. Mongin - 2011 - Social Science Information 50 (3-4):351-374.

Add more citations

Similar books and articles
Decision Theory.Lara Buchak - forthcoming - In Christopher Hitchcock & Alan Hajek (eds.), Oxford Handbook of Probability and Philosophy. Oxford University Press.
Decision Theory and Rationality.Jos Luis Bermdez - 2011 - Oxford University Press.
Idealisations in Normative Models.Mark Colyvan - 2013 - Synthese 190 (8):1337-1350.
Rationality Revisited.Reed Richter - 1984 - Australasian Journal of Philosophy 62 (4):392 – 403.
Naturalising Normativity.Mark Colyvan - 2009 - In David Braddon-Mitchell & Robert Nola (eds.), Conceptual Analysis and Philosophical Naturalism. MIT Press.
Decision Theory for Agents with Incomplete Preferences.Adam Bales, Daniel Cohen & Toby Handfield - 2014 - Australasian Journal of Philosophy 92 (3):453-70.
Added to PP index
2012-02-20

Total downloads
11 ( #409,414 of 2,180,782 )

Recent downloads (6 months)
1 ( #299,817 of 2,180,782 )

How can I increase my downloads?

Monthly downloads
My notes
Sign in to use this feature


Discussion
Order:
There  are no threads in this forum
Nothing in this forum yet.

Other forums