Choice under description: The motivational nexus
In order to solve the problem of seemingly reasonable violations of expected utility theory (EUT), many have suggested we should re-describe choice alternatives. But this strategy suffers from the problem of determining the relevant description among multiple possible ones. I argue that the relevant description is given by the theory of motivation that underlies rational choice theory (RCT); more specifically, by the desires people try to satisfy. The descriptions that followed from the...[Show more]
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|Source:||Rationality and Society|
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