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Rationality and Dynamic Choice

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Rationality and Dynamic Choice

Rationality and Dynamic Choice

Foundational Explorations
Edward F. McClennen
June 2008
Available
Paperback
9780521063913
£37.99
GBP
Paperback
GBP
Hardback
    Description

    This is a major contribution to the theory of rational choice which will be of particular interest to philosophers and economists. 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 deterministic than many suppose.

    Product details

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

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    Contents

    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.
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