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

Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.

Objekttyp

  • Arbeitspapier

Beteiligte

  • Schubert, Christian
  • Max Planck Institute of Economics

Entstanden

  • 2012

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