Skip navigation
Skip navigation

Choice under description: The motivational nexus

Eriksson, Lina

Description

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]

dc.contributor.authorEriksson, Lina
dc.date.accessioned2015-12-10T22:12:20Z
dc.identifier.issn1043-4631
dc.identifier.urihttp://hdl.handle.net/1885/49600
dc.description.abstractIn 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 traditional assumption that people desire wealth had some peculiar features that suited EUT well. But not all desires generate descriptions with these features. In particular, a desire for fairness will sometimes require people to violate menu independence and thus EUT, and will further often require that people are sensitive to the framing of choices. This suggests that EUT is a good normative theory for choices driven by some desires but not for others.
dc.publisherSage Publications Inc
dc.sourceRationality and Society
dc.subjectKeywords: Description of alternatives; Fairness; Framing; Rational choice theory; Self-interest
dc.titleChoice under description: The motivational nexus
dc.typeJournal article
local.description.notesImported from ARIES
local.identifier.citationvolume22
dc.date.issued2010
local.identifier.absfor220319 - Social Philosophy
local.identifier.ariespublicationf2965xPUB189
local.type.statusPublished Version
local.contributor.affiliationEriksson, Lina, College of Arts and Social Sciences, ANU
local.description.embargo2037-12-31
local.bibliographicCitation.issue2
local.bibliographicCitation.startpage159
local.bibliographicCitation.lastpage187
local.identifier.doi10.1177/1043463110364729
local.identifier.absseo970122 - Expanding Knowledge in Philosophy and Religious Studies
dc.date.updated2016-02-24T08:19:07Z
local.identifier.scopusID2-s2.0-77951628412
CollectionsANU Research Publications

Download

File Description SizeFormat Image
01_Eriksson_Choice_under_description:_The_2010.pdf293.45 kBAdobe PDF    Request a copy


Items in Open Research are protected by copyright, with all rights reserved, unless otherwise indicated.

Updated:  19 May 2020/ Responsible Officer:  University Librarian/ Page Contact:  Library Systems & Web Coordinator