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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
Horacio Arló-Costa*
Affiliation:
Philosophy Department, Carnegie Mellon University, Pittsburgh, PA15213http://www.phil.cmu.edu/faculty/arlocosta/
*
hcosta@andrew.cmu.edu
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Abstract

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.

Type
Open Peer Commentary
Information
Behavioral and Brain Sciences , Volume 28 , Issue 5 , October 2005 , pp. 650 - 651
Copyright
Copyright © Cambridge University Press 2005

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