Recent debates on the nature of preferences in economics have typically assumed that they are to be interpreted either as behavioural regularities or as mental states. In this paper I challenge this dichotomy and argue that neither interpretation is consistent with scientific practice in choice theory and behavioural economics. Preferences are belief-dependent dispositions with a multiply realizable causal basis, which explains why economists are reluctant to make a commitment about their interpretation.

Economists and biologists have proposed a distinction between two mechanisms – “strong” and “weak” reciprocity – that may explain the evolution of human sociality. Weak reciprocity theorists emphasize the benefits of long-term cooperation and the use of low-cost strategies to deter free-riders. Strong reciprocity theorists, in contrast, claim that cooperation in social dilemma games can be sustained by costly punishment mechanisms, even in one-shot and finitely repeated games. To support this claim, they have generated a large body of evidence concerning (...) the willingness of experimental subjects to punish uncooperative free-riders at a cost to themselves. In this article, I distinguish between a “narrow” and a “wide” reading of the experimental evidence. Under the narrow reading, punishment experiments are just useful devices to measure psychological propensities in controlled laboratory conditions. Under the wide reading, they replicate a mechanism that supports cooperation also in “real-world” situations outside the laboratory. I argue that the wide interpretation must be tested using a combination of laboratory data and evidence about cooperation “in the wild.” In spite of some often-repeated claims, there is no evidence that cooperation in the small egalitarian societies studied by anthropologists is enforced by means of costly punishment. Moreover, studies by economic and social historians show that social dilemmas in the wild are typically solved by institutions that coordinate punishment, reduce its cost, and extend the horizon of cooperation. The lack of field evidence for costly punishment suggests important constraints about what forms of cooperation can or cannot be sustained by means of decentralised policing. (shrink)

Experimental “localism” stresses the importance of context‐specific knowledge, and the limitations of universal theories in science. I illustrate Latour's radical approach to localism and show that it has some unpalatable consequences, in particular the suggestion that problems of external validity (or how to generalize experimental results to nonlaboratory circumstances) cannot be solved. In the last part of the paper I try to sketch a solution to the problem of external validity by extending Mayo's error‐probabilistic approach.

The paper discusses some formal difficulties concerning the theory of universals of Trope-Only ontologies, from which the formal theory of predication advanced by Trope-Only theorists seems to be irremediably affected. It is impossible to lay out a successful defense of a Trope-Only theory without Russellian types, but such types are ontologically inconsistent with tropes’ nominalism. Historically, Tropists’ first way to avoid the problem is appealing to the supervenience claim, which however fails on its terms and, thus, fails as a ground (...) for a solution to the higher-order or ‘type’ problem. A later solution involves the invariance of primitive equivalence relations in order to make universals ontologically innocuous. However, I argue that this latter solution fails to meet the requirements imposed on an ontologically unbiased nominalist attitude. So, this paper discusses how Trope-Only theories alter standard formal moves in Nominalism, and also is interested in clarifying further the formal assumptions for these problems. (shrink)

Comparative process tracing is the best analysis of extrapolation inferences in the philosophical and scientific literature so far. In this essay I examine some similarities and differences between comparative process tracing and former attempts to capture the logic of extrapolation, such as the analogical approach. I show that these accounts are not different in spirit, although comparative process tracing supersedes previous proposals in terms of analytical detail. I also examine some qualms about the possibility of drawing extrapolation inferences in the (...) social sciences and conclude by suggesting that there may be cases of extrapolation without process tracing. (shrink)

opinionated survey paper to be published in the Blackwell’s Philosophy Compass.

Thaler and Sunstein justify nudge policies from welfaristic premises: nudges are acceptable because they benefit the individuals who are nudged. A tacit assumption behind this strategy is that we can identify the true preferences of decision-makers. We argue that this assumption is often unwarranted, and that as a consequence nudge policies must be justified in a different way. A possible strategy is to abandon welfarism and endorse genuine paternalism. Another one is to argue that the biases of decision that choice (...) architects attempt to eliminate create externalities. For example, in the case of intertemporal discounting, the costs of preference reversals are not always paid by the discounters, because they are transferred onto other individuals. But if this is the case, then nudges are best justified from a political rather than welfaristic standpoint. (shrink)

The answer in a nutshell is: Yes, five years ago, but nobody has noticed. Nobody noticed because the majority of social scientists subscribe to one of the following views: (1) the ‘anomalous’ behaviour observed in standard prisoner’s dilemma or ultimatum game experiments has refuted standard game theory a long time ago; (2) game theory is flexible enough to accommodate any observed choices by ‘refining’ players’ preferences; or (3) it is just a piece of pure mathematics (a tautology). None of these (...) views is correct. This paper defends the view that GT as commonly understood is not a tautology, that it suffers from important (albeit very recently discovered) empirical anomalies, and that it is not flexible enough to accommodate all the anomalies in its theoretical framework. It also discusses the experiments that finally refuted game theory, and concludes trying to explain why it took so long for experimental game theorists to design experiments that could adequately test the theory. (shrink)

Economists and biologists have proposed a distinction between two mechanisms – “strong” and “weak” reciprocity – that may explain the evolution of human sociality. Weak reciprocity theorists emphasize the benefits of long-term cooperation and the use of low-cost strategies to deter free-riders. Strong reciprocity theorists, in contrast, claim that cooperation in social dilemma games can be sustained by costly punishment mechanisms, even in one-shot and finitely repeated games. To support this claim, they have generated a large body of evidence concerning (...) the willingness of experimental subjects to punish uncooperative free-riders at a cost to themselves. In this article, I distinguish between a “narrow” and a “wide” reading of the experimental evidence. Under the narrow reading, punishment experiments are just useful devices to measure psychological propensities in controlled laboratory conditions. Under the wide reading, they replicate a mechanism that supports cooperation also in “real-world” situations outside the laboratory. I argue that the wide interpretation must be tested using a combination of laboratory data and evidence about cooperation “in the wild.” In spite of some often-repeated claims, there is no evidence that cooperation in the small egalitarian societies studied by anthropologists is enforced by means of costly punishment. Moreover, studies by economic and social historians show that social dilemmas in the wild are typically solved by institutions that coordinate punishment, reduce its cost, and extend the horizon of cooperation. The lack of field evidence for costly punishment suggests important constraints about what forms of cooperation can or cannot be sustained by means of decentralised policing. (shrink)

The notion of multi-functional kind is introduced to explain how social scientists may be able to draw inferences across historically unrelated societies or cultures. Multi-functional kinds are neither eternal nor purely historical, support non-trivial inductive generalisations, and allow to overcome scepticism about the inductive potential of multiply realised (functional) properties. Two examples, from monetary economics and anthropology, provide support for a pluralistic ontology of the social world.

The auctions of the Federal Communication Commission, designed in 1994 to sell spectrum licences, are one of the few widely acclaimed and copied cases of economic engineering to date. This paper includes a detailed narrative of the process of designing, testing and implementing the FCC auctions, focusing in particular on the role played by game theoretical modelling and laboratory experimentation. Some general remarks about the scope, interpretation and use of rational choice models open and conclude the paper.

David Lewis famously proposed to model conventions as solutions to coordination games, where equilibrium selection is driven by precedence, or the history of play. A characteristic feature of Lewis Conventions is that they are intrinsically non-normative. Some philosophers have argued that for this reason they miss a crucial aspect of our folk notion of convention. It is doubtful however that Lewis was merely analysing a folk concept. I illustrate how his theory can (and must) be assessed using empirical data, and (...) argue that it does indeed miss an important aspect of real-world conventions. (shrink)

The Ultimatum Game is one of the most successful experimental designs in the history of the social sciences. In this article I try to explain this success—what makes it a “paradigmatic experiment”—stressing in particular its versatility. Despite the intentions of its inventors, the Ultimatum Game was never a good design to test economic theory, and it is now mostly used as a heuristic tool for the observation of nonstandard preferences or as a “social thermometer” for the observation of culture‐specific norms. (...) †To contact the author, please write to: Department of Sociology and Philosophy, University of Exeter, Amory Building, Exeter EX4 4DT, UK; e‐mail: [email protected]. (shrink)

The connection between economics and ethics is as old as economics itself, and central to both disciplines. It is an issue that has recently attracted much interest from economists and philosophers. The connection is, in part, a result of the desire of economists to make policy prescriptions, which clearly require some normative criteria. More deeply, much economic theory is founded on the assumption of utility maximization, thereby creating an immediate connection between the foundations of economics and the philosophical literature on (...) utilitarianism and reasons for action. In fact, some influential contemporary approaches to ethics advocate decision-theoretic or game-theoretic foundations of some sort for moral principles, while several economic theorists are now prepared to take into account the ethical dimensions of rational decisions. As a result, it appears that economics and ethics are somehow inextricably linked through theories of rational decision-making. Most of us would probably find it disturbing to concede that there are contradictions between the prescriptions of rationality and the requirements of moral `rightness'. The essays included in the present volume provide a detailed analysis of the connections between ethics and economics as viewed from several different - sometimes conflicting - perspectives. This book, the outcome of a joint meeting of philosophers and economists, has three main themes: the validity of utilitarianism much used by economists, the notion of fairness and equity, and the coherence of the rationality postulate of economics. The book does not reach any final conclusions, but it greatly illuminates the exact areas of possible disagreement and indeed the open-ended nature of ethical reasoning. There is much that economists, and especially welfare economists, can learn from these papers - not least circumspection. (shrink)

The folk conception of money as an object is not a promising starting point to develop general, explanatory metaphysical accounts of the social world. A theory of institutions as rules in equilibrium is more consistent with scientific theories of money, is able to shed light on the folk view, and side-steps some unnecessary puzzles.

Controversies in economics often fizzle out unresolved. One reason is that, despite their professed empiricism, economists find it hard to agree on the interpretation of the relevant empirical evidence. In this paper I will present an example of a controversial issue first raised and then solved by recourse to laboratory experimentation. A major theme of this paper, then, concerns the methodological advantages of controlled experiments. The second theme is the nature of experimental artefacts and of the methods devised to detect (...) them. Recent studies of experimental science have stressed that experimenters are often merely concerned about determining whether a certain phenomeonon exists or not, or whether, when, and where it can be produced, without necessarily engaging in proving or disproving any theoretical explanation of the phenomenon itself. In this paper I shall be concerned mainly with such a case, and focus on the example of preference reversals, a phenomenon whose existence was until quite recently denied by the majority of economists. Their favourite strategy consisted in trying to explain the phenomenon away as an artefact of the experimental techniques used to observe it. By controlled experimentation, as we shall see, such an interpretation has been discredited, and now preference reversals are generally accepted as real. The problem of distinguishing an artefact from a real phenomenon is related to methodological issues traditionally discussed by philosophers of science, such as the theory-ladenness of observation and Duhem's problem. Part of this paper is devoted to clarifying these two philosophical problems, and to arguing that only the latter is relevant to the case in hand. The solutions to Duhem's problem devised by economic experimentalists will be presented and discussed. I shall show that they belong in two broad categories: independent tests of new predictions derived from the competing hypotheses at stake, and ‘no- miracle arguments’ from different experimental techniques delivering converging results despite their being theoretically independent. (shrink)

Background: Evidence suggesting adverse drug reactions often emerges unsystematically and unpredictably in form of anecdotal reports, case series and survey data. Safety trials and observational studies also provide crucial information regarding the (un-)safety of drugs. Hence, integrating multiple types of pharmacovigilance evidence is key to minimising the risks of harm. Methods: In previous work, we began the development of a Bayesian framework for aggregating multiple types of evidence to assess the probability of a putative causal link between drugs and side (...) effects. This framework arose out of a philosophical analysis of the Bradford Hill Guidelines. In this article, we expand the Bayesian framework and add “evidential modulators,” which bear on the assessment of the reliability of incoming study results. The overall framework for evidence synthesis, “E-Synthesis”, is then applied to a case study. Results: Theoretically and computationally, E-Synthesis exploits coherence of partly or fully independent evidence converging towards the hypothesis of interest (or of conflicting evidence with respect to it), in order to update its posterior probability. With respect to other frameworks for evidence synthesis, our Bayesian model has the unique feature of grounding its inferential machinery on a consolidated theory of hypothesis confirmation (Bayesian epistemology), and in allowing any data from heterogeneous sources (cell-data, clinical trials, epidemiological studies), and methods (e.g., frequentist hypothesis testing, Bayesian adaptive trials, etc.) to be quantitatively integrated into the same inferential framework. Conclusions: E-Synthesis is highly flexible concerning the allowed input, while at the same time relying on a consistent computational system, that is philosophically and statistically grounded. Furthermore, by introducing evidential modulators, and thereby breaking up the different dimensions of evidence (strength, relevance, reliability), E-Synthesis allows them to be explicitly tracked in updating causal hypotheses. (shrink)

The title of this book is rather misleading. “Birth of neoliberal governmentality,” or something like that, would have been more faithful to its contents. In Foucault's vocabulary, “biopolitics” is the “rationalisation” of “governmentality” : it's the theory, in other words, as opposed to the art of managing people. The mismatch between title and content is easily explained: the general theme of the courses at the Collège de France had to be announced at the beginning of each academic year. It is (...) part of the mandate of every professor at the Collège, however, that his lectures should follow closely his current research. As a consequence it wasn't unusual for Foucault to take new directions while he was lecturing. In 1979, for the first and only time in his career, he took a diversion into contemporary political philosophy. His principal object of investigation became “neoliberal” political economy. More precisely, he got increasingly interested in those strands of contemporary liberalism that use economic science both as a principle of limitation and of inspiration for the management of people. (shrink)

A series of recent debates in experimental economics have associated demand effects with the artificiality of the experimental setting and have linked it to the problem of external validity. In this paper, we argue that these associations can be misleading, partly because of the ambiguity with which “artificiality” has been defined, but also because demand effects and external validity are related in complex ways. We argue that artificiality may be directly as well as inversely correlated with demand effects. We also (...) distinguish between the demand effects of experimentation and the reactions that they may trigger and that might endanger experimental validity. We conclude that economists should pay more attention to the way in which subjects construe the experimental task and learn to exploit subjects’ reactivity to expectations in their experiments. (shrink)

What, from a semantic perspective, is the difference between singular indefinite and definite descriptions? Just over a century ago, Russell provided what has become the standard philosophical response. Descriptions are quantifier phrases, not referring expressions. As such, they differ with respect to the quantities they denote. Indefinite descriptions denote existential quantities; definite descriptions denote uniquely existential quantities. Now around the 1930s and 1940s, some linguists, working independently of philosophers, developed a radically different response. Descriptions, linguists such as Jespersen held, were (...) referring expressions, not quantifier phrases. Accordingly, descriptions differ with respect their rules of reference. Indefinite descriptions refer to „novel‟ items, definite descriptions to „familiar‟ ones. My dissertation serves as the first systematic effort to bridge the gap between these two seemingly incompatible responses. It provides a satisfactory answer to the above question which links the seemingly intractable divide between Russellians and familiarity theorists. This is achieved by utilizing two observations: Donnellan‟s observation that speakers use descriptions not only as devices of quantification but also as devices of reference, and Devitt‟s observation that these two uses, being regular, systematic, and cross-linguistic, have the status of convention in our language. Taken in conjunction, these two observations, I argue, require postulating that descriptions are semantically ambiguous. These observations compel the thoughtful theorist to maintain that descriptions have two distinct semantic functions, one quantificational and one referential. Accordingly, the semantic contrast between singular indefinite and definite descriptions is two-fold. Descriptions can contrast either quantificationally or with respect to the speaker‟s view of the audience‟s familiarity with the description‟s referent. (shrink)

Paul Elbourne claims that Russellians cannot accommodate the behavior of certain embedded definite descriptions. Since Fregeans can handle such descriptions, Elbourne urges theorists to reject Russell's theory in favor of Frege's. Here, I show that such descriptions pose no threat to Russellianism. These descriptions, I argue, are neutral between the two camps.

The argument from convention contends that the regular use of definite descriptions as referential devices strongly implies that a referential semantic convention underlies such usage. On the presumption that definite descriptions also participate in a quantificational semantic convention, the argument from convention has served as an argument for the thesis that the English definite article is ambiguous. Here, I revisit this relatively new argument. First, I address two recurring criticisms of the argument from convention: its alleged tendency to overgenerate and (...) its apparent evidential inadequacy. These criticisms are found wanting. Second, following Zacharska, I argue that while the argument from convention does alter the landscape of logical possibilities insofar as it provides good grounds for treating Donnellan’s referential–attributive distinction as having truth-conditional consequences, the argument from convention nonetheless fails to demonstrate that ‘the’ requires two lexical entries. (shrink)

In his book Language in Context, Jason Stanley provides a novel solution to certain interpretational puzzles (Stanley, 2007). The aphonic approach, as we call it, hangs upon a substantial syntactic thesis. Here, we provide theoretical and empirical arguments against this particular syntactic thesis. Moreover, we demonstrate that the interpretational puzzles under question admit of a better solution under the explicit approach.

The main aim of this paper is to analyze the relationship between brain and language in terms of coevolution. Nowadays, the thesis of coevolution is defended by the exponents of the neoculturalist paradigm to claim that language is the product of cultural evolution. In our opinion, this claim is misleading. From our point of view, in fact, we can refer to the relationship between brain and language in terms of coevolution only if we are prepared to maintain that language is (...) the product of natural selection. In our opinion, in other words, the coevolution thesis involves the idea of language as biological adaptation. (shrink)

Following the XVIII century Declarations, rights have progressively occupied the whole space of legal, political and moral debate; with the UN’s Declaration of Human Rights, the language of rights has been established as a universal ground for expressing human needs and claims, despite allegations of Western ethnocentrism. Rights are an indispensable tool for expressing the value of human dignity, because they allow right-holders to claim certain actions as due to them: they endow the individuals with a moral authority, the absence (...) of which would dramatically impoverish moral discourse. However, 1) the abuse and uncontrolled proliferation of rights talk threatens such language with inflation. Moreover, 2) not all plausible moral concerns can be expressed in terms of rights, since rights presuppose an individualist anthropology and are particularly well-suited to situations in which individuals can be seen as both independent and equal: in situations where individuals depend on others and have little or no power of negotiation, values like respect and dignity cannot be adequately expressed by rights language. Finally, 3) if we reduce all moral discourse to rights talk, we are unable to ascribe the due importance to values like autonomy, which presuppose collective goods. A reasonable use of rights language would avoid such shortcomings, although this seems to conflict with the basic tenets of some so-called “right-based” ethical theories. (shrink)

The aim of this paper is to justify the role of mental imagery in creativity. In more specific terms the central idea of this paper is that the justification for the role of mental images in the creative process lies in the analysis of the relationship between vision and imagery. Mental images are present in thought just in those situations in which the ideal way to solve a problem would be the perception of those same things before our own eyes. (...) The production of a mental image is, from this point of view, an analogous process to the perception of an object in its absence. In these cases the images become a good substitute for reality: this is possible because they share common structural elements with percepts. These shared common characteristics provide a validation to the idea that the role of imagery in creativity depends on the structural properties which mental images share with the representation of the perceived information. Such a result opens the way to the idea that there is a close link between imagery and vision and, thus, provide justification for the theory that imagery is closer to perceiving than to thinking. (shrink)

While there has been much ado about the innumerable ways a speaker can alter the reach of her quantifier phrases, little fuss has been made over the fact that some forms of alteration are, as it were, impossible to pull off. These impossible interpretations cast a shadow over both syntactic and free enrichment approaches to the phenomenon of quantifier domain restriction. Indeed, I argue that these impossible interpretations help to undermine the presupposition that domain restriction is amenable to a uniform (...) theoretical account. (shrink)

As Artificial Intelligence (AI) becomes more and more pervasive in our everyday life, new questions arise about its ethical and social impacts. Such issues concern all stakeholders involved in or committed to the design, implementation, deployment, and use of the technology. The present document addresses these preoccupations by introducing and discussing a set of practical obligations and recommendations for the development of applications and systems based on AI techniques. With this work we hope to contribute to spreading awareness on the (...) many social challenges posed by AI and encouraging the establishment of good practices throughout the relevant social areas. As points of novelty, the paper elaborates on an integrated view that combines both human rights and ethical concepts to reap the benefits of the two approaches. Moreover, it proposes innovative recommendations, such as those on redress and governance, which add further insight to the debate. Finally, it incorporates a specific focus on the Italian Constitution, thus offering an example of how core legislations of Member States might contribute to further specify and enrich the EU normative framework on AI. (shrink)