The Mind Under the Axioms: Decision-Theory Beyond Revealed Preferences

Decision Theory under Psychological Constraints reviews two basic ingredients of our understanding of human decisions - conative aspects (preferences) and cognitive aspects (beliefs). It connects the latest formal psychological research in these disciplines with actual or potential experiments in behavioral psychology and neuroeconomics. Concerning preferences, it seeks to measure their completeness, their intrinsic relations to sets of options of different sizes and structures and the possibly better representation of preferences, from a formal and psychologically plausible perspective, in terms of multiple utility functions partially randomly associated with choices. Concerning beliefs, the main issue is the empirical evaluation of post-Bayesian models that relax central Savagean principles such as independence and separability of beliefs and preferences. It aims to acts as a bridge between the disciplines of decision-theory and psychology, particularly for those who, due to high formalism, have no access to its content and who would like to undertake experimental work in connection with the theoretical issues. It reveals psychological implications of models of preferences and beliefs and reviews their testability and realism by either pointing to extant relevant work in experimental psychology or by suggesting relevant experimentation. Provides an up-to-date review of modern of decision-theory in terms of conative and cognitive aspectsAddresses open theoretical issues, especially from experimental perspectivesHelps researchers understand the psychological and neuroscientific mechanisms for decision-makingConsiders how preferences can shape beliefs and how beliefs shape preferencesUncovers the very formal and abstract psychological and behavioral implications that are actually made in contemporary decision-theory INDICE: 1. Cardinalism: how analogous are preferences to psychophysical processes? 2. Incomplete preferences 3. Contextual dependence 4. Conclusion 5. Transformation or absence of probabilities? 6. Ambiguity and information 7. State-dependent utility 8. Conclusion

• ISBN: 978-0-12-815131-0
• Editorial: Academic Press
• Encuadernacion: Rústica
• Páginas: 352
• Fecha Publicación: 01/09/2019
• Nº Volúmenes: 1
• Idioma: Inglés