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Was ist „Wohlfahrt“ aus verhaltensökonomischer Sicht?: Zur Debatte um Robert Sugdens „Opportunity“-Kriterium

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  • Schubert Christian

    (German University in CairoCairoEgypt)

Abstract

This article briefly surveys the recent debate on how to conceptualize economic “welfare” in a world where preferences can no longer be assumed to be complete, stable and coherent. Specifically, Robert Sugden’s opportunity criterion is discussed which he suggests as a way to overcome welfare economists’ traditional focus on the satisfaction of given preferences as constituting welfare. With incoherent and incomplete preferences, that is no longer a plausible option. Sugden proposes instead to aim at maximizing individuals’ opportunities to satisfy whatever (incoherent) potential preference they happen to have in future periods. Some objections to that criterion are discussed.

Suggested Citation

  • Schubert Christian, 2020. "Was ist „Wohlfahrt“ aus verhaltensökonomischer Sicht?: Zur Debatte um Robert Sugdens „Opportunity“-Kriterium," ORDO. Jahrbuch für die Ordnung von Wirtschaft und Gesellschaft, De Gruyter, vol. 71(1), pages 47-62, April.
    • Handle: RePEc:bpj:ordojb:v:71:y:2020:i:1:p:47-62:n:35
    DOI: 10.1515/ordo-2021-0016
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    Keywords

    Opportunity Criterion; Preference Learning; Autonomy; Sugden; Buchanan; Opportunity-Kriterium; Präferenzlernen; Autonomie; Sugden; Buchanan; Opportunity Criterion; Preference Learning; Autonomy; Sugden; Buchanan;
    All these keywords.

    JEL classification:

    • D91 - Microeconomics - - Micro-Based Behavioral Economics - - - Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making
    • D01 - Microeconomics - - General - - - Microeconomic Behavior: Underlying Principles
    • D04 - Microeconomics - - General - - - Microeconomic Policy: Formulation; Implementation; Evaluation

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