Economics and Philosophy



Levi's account of preference reversals


Erik Angner a1
a1 University of Pittsburgh

Abstract

This paper argues that Isaac Levi's account of preference reversals is only a limited success. Levi succeeds in showing that an agent acting in accord with his theory may exhibit reversals. Nevertheless, the specific account that Levi presents in order to accommodate the behavior of experimental subjects appears to be disconfirmed by available evidence.