Savage's response to Allais as Broomean reasoning
Franz Dietrich
- Fonction : Auteur
- PersonId : 6630
- IdHAL : franz-dietrich
- ORCID : 0000-0001-5300-0109
- IdRef : 125430256
Résumé
Leonard Savage famously contravened his own theory when first confronting the Allais Paradox, but then convinced himself that the had made an error. We examine the formal structure of Savage's ‘error-correcting’ reasoning in the light of (i) behavioural economists' claims to identify the latent preferences of individuals who violate conventional rationality requirements and (ii) John Broome's critique of arguments which presuppose that rationality requirements can be achieved through reasoning. We argue that Savage's reasoning is not vulnerable to Broome's critique, but does not provide support for the view that behavioural scientists can identify and counteract errors in people's choices.
Format du dépôt | Fichier |
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Type de dépôt | Autre publication scientifique |
Titre |
en
Savage's response to Allais as Broomean reasoning
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Résumé |
en
Leonard Savage famously contravened his own theory when first confronting the Allais Paradox, but then convinced himself that the had made an error. We examine the formal structure of Savage's ‘error-correcting’ reasoning in the light of (i) behavioural economists' claims to identify the latent preferences of individuals who violate conventional rationality requirements and (ii) John Broome's critique of arguments which presuppose that rationality requirements can be achieved through reasoning. We argue that Savage's reasoning is not vulnerable to Broome's critique, but does not provide support for the view that behavioural scientists can identify and counteract errors in people's choices.
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Auteur(s) |
Franz Dietrich
1, 2, 3
, Antonios Staras
4
, Robert Sugden
5
1
CES -
Centre d'économie de la Sorbonne
( 15080 )
- Maison des Sciences Économiques - 106-112 Boulevard de l'Hôpital - 75647 Paris Cedex 13
- France
2
PSE -
Paris School of Economics
( 301309 )
- 48 boulevard Jourdan 75014 Paris
- France
3
CNRS -
Centre National de la Recherche Scientifique
( 441569 )
- France
4
Cardiff University
( 303638 )
- Cardiff
Wales
CF10 3AT
- Royaume-Uni
5
UEA -
University of East Anglia [Norwich]
( 336687 )
- Norwich Research Park, Norwich, NR4 7TJ, UK
- Royaume-Uni
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Langue du document |
Anglais
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Vulgarisation |
Non
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Comité de lecture |
Oui
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Audience |
Internationale
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Description |
Documents de travail du Centre d'Economie de la Sorbonne 2020.16 - ISSN : 1955-611X
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Commentaire |
URL des Documents de travail : https://centredeconomiesorbonne.cnrs.fr/publications/
Voir aussi l'article basé sur ce document de travail paru dans "Journal of Economic Methodology, Taylor & Francis (Routledge), 2021, 28 (2), pp.143-164. |
Date de publication |
2020-05
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Nom de la revue |
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Mots-clés (JEL) |
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Voir aussi |
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Domaine(s) |
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Éditeur scientifique |
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Projet(s) ANR |
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Projet(s) Européen(s) |
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Mots-clés |
en
Allais Paradox, Broome, rationality, Savage, behavioural economics, reasoning
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DOI | 10.1080/1350178X.2020.1857424 |
Origine :
Fichiers produits par l'(les) auteur(s)
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