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Models of preference reversals and personal rules: Do they require maximizing a utility function with a specific structure?

Published online by Cambridge University Press:  25 October 2005

Horacio Arló-Costa*
Affiliation:
Philosophy Department, Carnegie Mellon University, Pittsburgh, PA 15213 http://www.phil.cmu.edu/faculty/arlocosta/
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Abstract

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One of the reasons for adopting hyperbolic discounting is to explain preference reversals. Another is that this value structure suggests an elegant theory of the will. I examine the capacity of the theory to solve Newcomb's problem. In addition, I compare Ainslie's account with other procedural theories of choice that seem at least equally capable of accommodating reversals of preference.

Information

Type
Open Peer Commentary
Copyright
Copyright © Cambridge University Press 2005