Economics and Philosophy 35 (3):461-478 (2019)

Abstract
Economists and philosophers disagree about the concept of choice used in economics. Some behavioural economists argue that economic models of choice will improve as they become more and more psychologically realistic. Don Ross argues that this argument fails because its hidden assumption – that the economic concept of choice is the same as the psychological counterpart – is false. Ross conjectures that the economic concept of choice concerns a population-scale pattern of behavioural changes in response to incentives. We conduct a survey experiment to test two predictions that Ross’s conjecture generates. The statistical analysis of our data confirms our predictions, although with some qualifications. In interpreting our results, we distinguish two versions of commonsensible realism, strong and weak, and propose the weak one as a plausible explanation of our results. Weak commonsensible realism also produces further testable hypotheses. Some methodological implications of our study are discussed.
Keywords experimental philosophy of science  commonsensible realism  conceptual variance  choice concept  economics and psychology
Categories (categorize this paper)
DOI 10.1017/s0266267118000500
Options
Edit this record
Mark as duplicate
Export citation
Find it on Scholar
Request removal from index
Revision history

Download options

PhilArchive copy


Upload a copy of this paper     Check publisher's policy     Papers currently archived: 60,750
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

What Preferences Really Are.Erik Angner - 2018 - Philosophy of Science 85 (4):660-681.
Problems with Realism in Economics: Daniel M. Hausman.Daniel M. Hausman - 1998 - Economics and Philosophy 14 (2):185-213.
Experimental Philosophy of Science.Paul E. Griffiths & Karola Stotz - 2008 - Philosophy Compass 3 (3):507–521.

View all 11 references / Add more references

Citations of this work BETA

On the Recent Philosophy of Decision Theory.Ivan Moscati - 2020 - Journal of Economic Methodology 28 (1):98-106.

Add more citations

Similar books and articles

Experimental Philosophy of Economics.Michiru Nagatsu - 2013 - Economics and Philosophy 29 (2):263-76.
Neuroscience, Choice, and the Free Will Debate.Jason Shepard & Shane Reuter - 2012 - American Journal of Bioethics - Neuroscience 3 (3):7-11.
Where Economics and Neuroscience Might Meet.Jack Vromen - 2010 - Journal of Economic Methodology 17 (2):171-183.
Freedom and Choice in Economics.Adolfo García de la Sienra - 2016 - Journal of Economic Methodology 23 (3):316-332.
Rational Choice Theory and Economic Laws: The Role of Shared Values.Amparo Gómez Rodríguez - 2008 - Poznan Studies in the Philosophy of the Sciences and the Humanities 96 (1):191-205.

Analytics

Added to PP index
2019-10-18

Total views
19 ( #550,525 of 60,741 )

Recent downloads (6 months)
3 ( #209,179 of 60,741 )

How can I increase my downloads?

Downloads

My notes