Preference, value, choice, and welfare:
Saved in:
| Main Author: | |
|---|---|
| Format: | Book |
| Language: | English |
| Published: |
New York [u.a.]
Cambridge Univ. Press
2012
|
| Edition: | 1. publ. |
| Subjects: | |
| Online Access: | Inhaltsverzeichnis |
| Item Description: | Includes bibliographical references and index |
| Physical Description: | XIV, 153 S. graph. Darst. |
| ISBN: | 9781107015432 9781107695122 |
Staff View
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| 245 | 1 | 0 | |a Preference, value, choice, and welfare |c Daniel M. Hausman |
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Record in the Search Index
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| adam_text | Titel: Preference, value, choice, and welfare
Autor: Hausman, Daniel M
Jahr: 2012
Contents
List of Figures page viii
Preface ix
1. Preferences, Comparative Evaluations, and Reasons 1
1.1. What are preferences? 1
1.2. Overall and total comparative evaluations 3
1.3. Preferences, reasons, and folk psychology 4
1.4. Misconceptions concerning preferences 7
1.5. Conclusions 8
PART i: PREFERENCES IN POSITIVE ECONOMICS 11
2. Preference Axioms and Their Implications 13
2.1. The axioms of ordinal utility theory 13
2.2. Implications of the axioms for the understanding
of preferences 17
2.3. Rationality and preferences 19
2.4. Preferences and self-interest 20
3. Revealed-Preference Theory 23
3.1. Actual revealed preferences and the revelation theorem 25
3.2. Critique of actual revealed-preference theory 27
3.3. Why not redefine preferences in terms of choice? 28
3.4. Hypothetical revealed preferences 31
3.5. Belief-dependent revealed preferences 33
3.6. Conclusions 33
4. Preferences, Decision Theory, and Consequentialism 34
4.1. Total subjective comparative evaluations 34
4.2. Using preferences to predict and explain choices:
The standard model 36
4.3. Expected-utility theory 37
4.4. What does expected-utility theory accomplish? 40
4.5. Consequentialism and standard choice theory 42
4.6. Attributes and preferences 45
4.7. Conclusions 47
5. Game Theory and Consequentialism 49
5.1. Games and outcomes 49
5.2. Consequentialism in game theory 52
5.3. The default principle 52
5.4. Conclusions: The consequences of consequentialism 55
6. Constraints and Counterpreferential Choice 57
6.1. Sympathy and commitment 57
6.2. Commitment and counterpreferential choice 59
6.3. Constraints and counterpreferential choice 60
6.4. Many concepts of preference or just one? 62
6.5. Game theory and counterpreferential choice 65
6.6. Commitments and intentions 71
6.7 Conclusions 72
PART II: PREFERENCES, WELFARE, AND NORMATIVE ECONOMICS 75
7. Preference Satisfaction and Welfare 77
7.1. Welfare and preferences 78
7.2. Why welfare is not preference satisfaction 81
7.3. Welfare and laundered preferences: The
approximation rationale 83
7.4. Why the approximation view fails 84
75. Conclusions 87
8. Preferences in Welfare Economics 88
8.1. Preferences and welfare: An evidential view 88
8.2. The evidential view and the scope of cost-benefit analysis 93
8.3. Preference distortions and paternalism 100
8.4. Conclusions 102
PART Hi: PSYCHOLOGY, RATIONAL EVALUATION,
AND PREFERENCE FORMATION 105
9. The Psychology of Choice 107
9.1. Loss aversion, framing, and the endowment effect 108
9.2. Reversals, variance, and adaptation 110
9.3. Belief-desire psychology 112
9.4. Explaining and predicting preferences and choices 114
10. Constructing Preferences 117
10.1. How people evaluate alternatives 118
10.2. How people ought to evaluate alternatives 120
10.3. An example: Health-state values 120
10.4. Emotions and rational evaluation 124
10.5. Hume s challenge 126
10.6. Coherence 129
10.7. Conclusion: Theories of preference formation 130
11. Conclusions 133
References 139
Index 149
|
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| spelling | Hausman, Daniel M. 1947- Verfasser (DE-588)13168258X aut Preference, value, choice, and welfare Daniel M. Hausman 1. publ. New York [u.a.] Cambridge Univ. Press 2012 XIV, 153 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier Includes bibliographical references and index Wirtschaft Consumers' preferences Preferences (Philosophy) Value Rational choice theory BUSINESS & ECONOMICS / Economics / Theory bisacsh Wirtschaftliches Verhalten (DE-588)4197971-0 gnd rswk-swf Präferenz (DE-588)4121501-1 gnd rswk-swf Präferenz (DE-588)4121501-1 s Wirtschaftliches Verhalten (DE-588)4197971-0 s DE-604 HBZ Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=024768725&sequence=000004&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Hausman, Daniel M. 1947- Preference, value, choice, and welfare Wirtschaft Consumers' preferences Preferences (Philosophy) Value Rational choice theory BUSINESS & ECONOMICS / Economics / Theory bisacsh Wirtschaftliches Verhalten (DE-588)4197971-0 gnd Präferenz (DE-588)4121501-1 gnd |
| subject_GND | (DE-588)4197971-0 (DE-588)4121501-1 |
| title | Preference, value, choice, and welfare |
| title_auth | Preference, value, choice, and welfare |
| title_exact_search | Preference, value, choice, and welfare |
| title_full | Preference, value, choice, and welfare Daniel M. Hausman |
| title_fullStr | Preference, value, choice, and welfare Daniel M. Hausman |
| title_full_unstemmed | Preference, value, choice, and welfare Daniel M. Hausman |
| title_short | Preference, value, choice, and welfare |
| title_sort | preference value choice and welfare |
| topic | Wirtschaft Consumers' preferences Preferences (Philosophy) Value Rational choice theory BUSINESS & ECONOMICS / Economics / Theory bisacsh Wirtschaftliches Verhalten (DE-588)4197971-0 gnd Präferenz (DE-588)4121501-1 gnd |
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