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Rejoinder

Economics and Philosophy 4 (2):309 (1988)

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  1. What Are the Minimal Requirements of Rational Choice? Arguments From the Sequential-Decision Setting.Katie Siobhan Steele - 2010 - Theory and Decision 68 (4):463-487.
    There are at least two plausible generalisations of subjective expected utility (SEU) theory: cumulative prospect theory (which relaxes the independence axiom) and Levi’s decision theory (which relaxes at least ordering). These theories call for a re-assessment of the minimal requirements of rational choice. Here, I consider how an analysis of sequential decision making contributes to this assessment. I criticise Hammond’s (Economica 44(176):337–350, 1977; Econ Philos 4:292–297, 1988a; Risk, decision and rationality, 1988b; Theory Decis 25:25–78, 1988c) ‘consequentialist’ argument for the SEU (...)
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  • On Seidenfeld‘s Criticism of Sophisticated Violations of the Independence Axiom.Wlodek Rabinowicz - 1997 - Theory and Decision 43 (3):279-292.
    An agent who violates independence can avoid dynamic inconsistency in sequential choice if he is sophisticated enough to make use of backward induction in planning. However, Seidenfeld has demonstrated that such a sophisticated agent with dependent preferences is bound to violate the principle of dynamic substitution, according to which admissibility of a plan is preserved under substitution of indifferent options at various choice nodes in the decision tree. Since Seidenfeld considers dynamic substitution to be a coherence condition on dynamic choice, (...)
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  • Implications of Behavioral Consistency in Dynamic Choice Under Uncertainty.Valentino Dardanoni - 1990 - Theory and Decision 29 (3):223-234.
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  • Decision Theory.Katie Steele & H. Orri Stefánsson - 2015 - In Stanford Encyclopedia of Philosophy.