Can I read Savage’s response to Allais as Broomean reasoning on EtoBox?

Savage’s response to Allais as Broomean reasoning by Franz Dietrich; Antonios Staras; Robert Sugden is a Economics, Econometrics and Finance article available to read on EtoBox.

What is Savage’s response to Allais as Broomean reasoning about?

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.

Who reads Savage’s response to Allais as Broomean reasoning?

Author

Franz Dietrich; Antonios Staras; Robert Sugden

Publisher

Informa UK Limited

Published

2020

Language

EN

Field

Economics, Econometrics and Finance (Social Sciences)