Skip to Main content Skip to Navigation
Other publications

Savage's response to Allais as Broomean reasoning

Abstract : Leonard Savage famously contravened his own theory when first confronting the Allais Paradox, but then convinced himself that the 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) John 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.
Complete list of metadatas

Cited literature [43 references]  Display  Hide  Download

https://halshs.archives-ouvertes.fr/halshs-02905466
Contributor : Lucie Label <>
Submitted on : Thursday, July 23, 2020 - 2:25:28 PM
Last modification on : Tuesday, July 28, 2020 - 4:26:45 PM

File

20016.pdf
Files produced by the author(s)

Identifiers

  • HAL Id : halshs-02905466, version 1

Collections

Citation

Franz Dietrich, Antonios Staras, Robert Sugden. Savage's response to Allais as Broomean reasoning. 2020. ⟨halshs-02905466⟩

Share

Metrics

Record views

85

Files downloads

172