Savage’s response to Allais as Broomean reasoning - ANR - Agence nationale de la recherche Accéder directement au contenu
Article Dans Une Revue Journal of Economic Methodology Année : 2021

Savage’s response to Allais as Broomean reasoning

Résumé

Savage famously contravened his own theory when first confronting the Allais Paradox, but then convinced himself that he 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) 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 or preferences.

Dates et versions

hal-03261452 , version 1 (15-06-2021)

Identifiants

Citer

Franz Dietrich, Antonios Staras, Robert Sugden. Savage’s response to Allais as Broomean reasoning. Journal of Economic Methodology, 2021, 28 (2), pp.143-164. ⟨10.1080/1350178X.2020.1857424⟩. ⟨hal-03261452⟩
52 Consultations
0 Téléchargements

Altmetric

Partager

Gmail Facebook X LinkedIn More