Economics and Philosophy 37 (2):163-187 (2021)

Johanna Thoma
London School of Economics
This paper defends revealed preference theory against a pervasive line of criticism, according to which revealed preference methodology relies on appealing to some mental states, in particular an agent’s beliefs, rendering the project incoherent or unmotivated. I argue that all that is established by these arguments is that revealed preference theorists must accept a limited mentalism in their account of the options an agent should be modelled as choosing between. This is consistent both with an essentially behavioural interpretation of preference and with standard revealed preference methodology. And it does not undermine the core motivations of revealed preference theory.
Keywords Revealed Preference Theory  Preference  Expected Utility Theory  Mentalism  Behaviourism
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References found in this work BETA

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Citations of this work BETA

Functionalism and the Role of Psychology in Economics.Christopher Clarke - 2020 - Journal of Economic Methodology 27 (4):292-310.
Folk Psychology and the Interpretation of Decision Theory.Johanna Thoma - 2021 - Ergo: An Open Access Journal of Philosophy 7.
Preferences.Sven Ove Hansson & Till Grüne-Yanoff - 2008 - Stanford Encyclopedia of Philosophy.
Measuring Freedom, and its Value.Nicolas Cote - 2021 - Dissertation, London School of Economics

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