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    Carmelics

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    Home/Original/inverse
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    Inverse View

    It is not the case that The economic account of rationality faces a serious challenge from cases of integrability failure

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    Reasons For

    2 perspectives
    Reason for 1 of 2
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    • 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.
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    • 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.
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    • 3.Integrability failure therefore demonstrates a limitation of cardinal utility representation, not of the economic rationality framework itself.
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    Reason for 2 of 2
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    • 1.Gary Becker's extended preference model incorporates social norms as arguments in a single utility function, making apparently heterogeneous motivations formally tractable.
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    • 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.
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    Reasons Against

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