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Rationality and Dynamic Choice

Rationality and Dynamic Choice

Rationality and Dynamic Choice

Foundational Explorations
Edward F. McClennen
June 2008
Available
Paperback
9780521063913
CAD$53.95
Paperback
CAD
Hardback

    In this major contribution to the theory of rational choice the author sets out the foundations of rational choice, and then sketches a dynamic choice framework in which principles of ordering and independence follow from a number of apparently plausible conditions. However there is potential conflict among these conditions, and when they are weakened to avoid it, the usual foundations of rational choice no longer prevail. The thrust of the argument is to suggest that the theory of rational choice is less determinate than many suppose.

    Reviews & endorsements

    "This is a seminal work which demands the serious attention of all those interested in rational choice." David Gauthier, University of Pittsburgh

    "McClennen's book is a highly interesting and valuable contribution to the growing literature on the nature of reason....Moreover McClennen's discussion of a wealth of central ideas and issues in decision theory bearing on his defence of resolute choice (to which I cannot hope to do justice in this review) takes the reader through some fascinating territory. The journey is well worth the price of admission." Jean Hampton, Canadian Philosophical Reviews

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    Product details

    June 2008
    Paperback
    9780521063913
    328 pages
    228 × 149 × 18 mm
    0.482kg
    Available

    Table of Contents

    • 1. Introduction and sketch of the main argument
    • 2. The ordering principle
    • 3. The independence principle
    • 4. The problem of justification
    • 5. Pragmatic arguments
    • 6. Dynamic choice problems
    • 7. Rationality conditions on dynamic choice
    • 8. Consequentialist constructions
    • 9. Rethinking the problem of dynamic consistency
    • 10. A critique of the pragmatic arguments
    • 11. Formalizing the pragmatic arguments
    • 12. The feasibility of resolute choice
    • 13. Connections
    • 14. Conclusions
    • Postscript: projections.
      Author
    • Edward F. McClennen