Skip to content
Carmelics
TopicsThinkersChangesContributorsLoading account…

    Carmelics

    A reasoning platform. Break down any belief into clear reasons, explore both sides, and weigh the evidence honestly.

    Navigate

    • Topics
    • Search
    • Recent Changes
    • Contribute
    • How It Works
    • Glossary
    • Thinkers
    • Contributors
    • About
    • Statistics
    • Terms
    • Privacy

    Database

    Statements
    —
    Perspectives
    —
    Topics
    —

    Press ? for keyboard shortcuts

    LoyalLoyalJusticeJustice
    Made withinDC&Austin
    Statements
    321,452
    Perspectives
    108,905
    Topics
    42
    The economic account of rationality faces a serious chall... — Carmelics
    Home/Moral Responsibility
    HistoryEditSee Inverse

    The economic account of rationality faces a serious challenge from cases of integrability failure

    Moral ResponsibilityTruth & Knowledge
    ?Rate how convincing each reason is below to see the overall strength.
    1 reason for
    2 reasons against

    Reasons For

    1 perspective
    Reason for
    ?
    • 1.The economic account of rationality requires that an agent's choices can be represented by a consistent preference ordering
      ?

      Think about whether this reason is strong or weak

    • 2.Agents like Freddie who hold multiple heterogeneous concerns (self-interest and social norms) may produce choices that violate the consistency conditions required by that account
      ?

      Think about whether this reason is strong or weak

    Reasons Against

    2 perspectives
    Reason against 1 of 2
    ?
    • 1.Revealed preference theory, as refined by Samuelson and Richter, does not require agents to have a single utility function—only that choices satisfy WARP.
      ?

      Think about whether this reason is strong or weak

    • 2.Agents like Freddie can satisfy WARP across contexts even when their choices reflect heterogeneous concerns, because consistency conditions operate at the level of choice behavior, not psychological states.
      ?

      Think about whether this reason is strong or weak

    • 3.Integrability failure therefore demonstrates a limitation of cardinal utility representation, not of the economic rationality framework itself.
      ?

      Think about whether this reason is strong or weak

    Reason against 2 of 2
    ?
    • 1.Gary Becker's extended preference model incorporates social norms as arguments in a single utility function, making apparently heterogeneous motivations formally tractable.
      ?

      Think about whether this reason is strong or weak

    • 2.If social norms and self-interest are jointly represented in a sufficiently rich preference space, the alleged integrability failure dissolves into a specification problem rather than a fundamental theoretical crisis.
      ?

      Think about whether this reason is strong or weak

    Sign in or register to share your perspective on this statement.

    Next step

    Based on where you are in your exploration

    Strongest counterpoint
    Explore the most compelling reason on the other side.

    Topics

    Moral ResponsibilityTruth & Knowledge

    Connections

    1 topic

    Consequentialism2 linked

    Related

    Agents like Freddie can satisfy WARP across contexts even when their choices ref...Agents like Freddie who hold multiple heterogeneous concerns (self-interest and ...Gary Becker's extended preference model incorporates social norms as arguments i...If social norms and self-interest are jointly represented in a sufficiently rich...
    +3 moreShow less
    Integrability failure therefore demonstrates a limitation of cardinal utility re...Revealed preference theory, as refined by Samuelson and Richter, does not requir...The economic account of rationality requires that an agent's choices can be repr...

    Similar

    Denying a rationally required belief produces rational instability73%Hayek's economic theory is not a form of rationalism, despite having r...73%Our beliefs about rationality are similarly fallible.72%The economic account of rationality requires that an agent's choices c...71%

    Source

    AI-extracted1/3 agreementValid
    SEP: legal-econanalysis
    View source passageHide passage
    Integrability presents a serious challenge to the economic account of rationality. Nevertheless, the theory has substantial resources to meet this challenge. To illustrate, consider Neumann’s [2007] analysis of the famous example used by Anand [1993] and Sen [1993]. In this example, they consider an agent whom we shall call Freddie. Freddie is Liza’s guest for dinner and he has been offered a plate with three slices of cake on it. One slice is small, one medium, and one large. Freddie has two co
    Extraction notes

    Validity: Extracted via Max plan + API grounding/validity checks

    Details

    Type
    claim
    Perspectives
    3 (1 for, 2 against)
    Edits
    1 edit