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Abstract Bermúdez argues for rational framing effects in the form of quasi-cyclical preferences. This is supposed to refute the extensionality principle in standard decision theory. In response, I argue that… Click to show full abstract
Abstract Bermúdez argues for rational framing effects in the form of quasi-cyclical preferences. This is supposed to refute the extensionality principle in standard decision theory. In response, I argue that it is better to analyze seemingly quasi-cyclical preferences as ceteris paribus preferences. Furthermore, if frames are included as objects of choice, we can acknowledge rational framing effects without rejecting extensionality.
Keywords:
paribus preferences;
preferences rational;
ceteris paribus;
extensionality;
extensionality principle
Journal Title: Behavioral and Brain Sciences
Year Published: 2022
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Journal Title: Behavioral and Brain Sciences
Year Published: 2022
Link to full text (if available)
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recommendations!