Abstract
This paper criticizes the conventional theory of choice for being grounded on a minimal set of rationality axioms. We claim that this theory does not take due account of the fact that agents are driven by motives other than the pursuit of material self-interest. Our departure point is logic of commitments and planned action, which helps us to identify some puzzles in the conventional theory of choice. As a way out, we discuss the Kantian perspective and the notions of metapreference and metaranking. We then build a model of choice which points to the possibility of a systematic treatment of higher order preferences and incommensurable objectives.
Highlights
Ulysses’s Return: Notes on the Logic of Plans and Commitments
“Radical simplifications are allowable in science so long as they don’t go against the essence of a given problem.”
Ancora-se assim na postura metodológica explícita na passagem abaixo: Is it not patently unrealistic to suppose that individuals consult a wiggly utility curve... that they can compute the expected utility... this objection is not strictly relevant
Summary
Ulysses’s Return: Notes on the Logic of Plans and Commitments. Abstract: This paper criticizes the conventional theory of choice for being grounded on a minimal set of rationality axioms. We claim that this theory does not take due account of the fact that agents are driven by motives other than the pursuit of material self-interest. Our departure point is logic of commitments and planned action, which helps us to identify some puzzles in the conventional theory of choice. We discuss the Kantian perspective and the notions of metapreference and metaranking. We build a model of choice which points to the possibility of a systematic treatment of higher order preferences and incommensurable objectives. “Radical simplifications are allowable in science so long as they don’t go against the essence of a given problem.”
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