International Journal of Game Theory 42 (3):613-637 (2013)
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Abstract |
Rational choice theory analyzes how an agent can rationally act, given his or her preferences, but says little about where those preferences come from. Preferences are usually assumed to be fixed and exogenously given. Building on related work on reasons and rational choice, we describe a framework for conceptualizing preference formation and preference change. In our model, an agent's preferences are based on certain "motivationally salient" properties of the alternatives over which the preferences are held. Preferences may change as new properties of the alternatives become salient or previously salient properties cease to be salient. Our approach captures endogenous preferences in various contexts and helps to illuminate the distinction between formal and substantive concepts of rationality, as well as the role of perception in rational choice
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Keywords | preference formation preference change reasons reasons-based preferences formal versus substantive rationality options as property bundles motivations Hume perception behavioral economics |
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References found in this work BETA
A Treatise of Human Nature.David Hume & A. D. Lindsay - 1958 - Philosophical Quarterly 8 (33):379-380.
View all 29 references / Add more references
Citations of this work BETA
Mentalism Versus Behaviourism in Economics: A Philosophy-of-Science Perspective.Franz Dietrich & Christian List - 2016 - Economics and Philosophy 32 (2):249-281.
Reason-Based Choice and Context-Dependence: An Explanatory Framework.Franz Dietrich & Christian List - 2016 - Economics and Philosophy 32 (2):175-229.
Democratic Deliberation and Social Choice: A Review.Christian List - 2018 - In André Bächtiger, Jane Mansbridge, John Dryzek & Mark Warren (eds.), Oxford Handbook of Deliberative Democracy. Oxford: Oxford University Press.
Aggregating Causal Judgments.Richard Bradley, Franz Dietrich & Christian List - 2014 - Philosophy of Science 81 (4):491-515.
A New Interpretation of the Representational Theory of Measurement.Conrad Heilmann - 2015 - Philosophy of Science 82 (5):787-797.
View all 14 citations / Add more citations
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