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Judgementalism about normative decision theory

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  • Thoma, Johanna

Abstract

Judgementalism is an interpretation of normative decision theory according to which preferences are all-things-considered judgements of relative desirability, and the only attitudes that rationally constrain choice. The defence of judgementalism we find in Richard Bradley’s Decision Theory with a Human Face (Cambridge University Press, Cambridge, 2017) relies on a kind of internalism about the requirements of rationality, according to which they supervene on an agent’s mental states, and in particular those she can reason from. I argue that even if we grant such internalism, attitudes other than preferences in the judgementalist sense rationally constrain choice. This ultimately supports a different interpretation of preference.

Suggested Citation

  • Thoma, Johanna, 2019. "Judgementalism about normative decision theory," LSE Research Online Documents on Economics 102568, London School of Economics and Political Science, LSE Library.
  • Handle: RePEc:ehl:lserod:102568
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    File URL: http://eprints.lse.ac.uk/102568/
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    References listed on IDEAS

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    1. Hausman,Daniel M., 2012. "Preference, Value, Choice, and Welfare," Cambridge Books, Cambridge University Press, number 9781107695122, September.
    2. Hausman,Daniel M., 2012. "Preference, Value, Choice, and Welfare," Cambridge Books, Cambridge University Press, number 9781107015432, September.
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    More about this item

    Keywords

    decision theory; preference; rational requirements;
    All these keywords.

    JEL classification:

    • J1 - Labor and Demographic Economics - - Demographic Economics

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