Arbeitspapier
Opportunity and preference learning
Robert Sugden has recently elaborated upon the case for a normative standard of freedom as opportunity that is supposed to cope with the problem of how to realign normative economics - with its traditional rational choice orientation - with behavioral economics. His standard, though, presupposes that people respond to uncertainty about their own future preferences by dismissing any kind of self-commitment. We argue that the approach lacks psychological substance: Sugden's normative benchmark - the responsible person - is a purely artificial construct that can hardly serve as a convincing role model in a contractarian setting. An alternative concept is introduced, and some policy implications are briefly discussed.
- Sprache
-
Englisch
- Erschienen in
-
Series: Papers on Economics and Evolution ; No. 1208
- Klassifikation
-
Wirtschaft
Exchange and Production Economies
Equity, Justice, Inequality, and Other Normative Criteria and Measurement
- Thema
-
Opportunity Criterion
Preference Change
Reconciliation Problem
Verhaltensökonomik
Präferenztheorie
Persönlichkeitspsychologie
Theorie
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Schubert, Christian
- Ereignis
-
Veröffentlichung
- (wer)
-
Max Planck Institute of Economics
- (wo)
-
Jena
- (wann)
-
2012
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:44 MEZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Schubert, Christian
- Max Planck Institute of Economics
Entstanden
- 2012