Skip to main content
    • Aa
    • Aa


  • Johan E. Gustafsson (a1)

It is regretted that the originally published paper (doi:10.1017/S0266267111000010, published online 22 June 2011) was not the author's final amended version. We apologise for this oversight and reproduce the entire corrected paper here in print and online, with revised notation.

In order to account for non-traditional preference relations the present paper develops a new, richer framework for preference relations. This new framework provides characterizations of non-traditional preference relations, such as incommensurateness and instability, that may hold when neither preference nor indifference do. The new framework models relations with swaps, which are conceived of as transfers from one alternative state to another. The traditional framework analyses dyadic preference relations in terms of a hypothetical choice between the two compared alternatives. The swap framework extends this approach by analysing dyadic preference relations in terms of two hypothetical choices: the choice between keeping the first of the compared alternatives or swapping it for the second; and the choice between keeping the second alternative or swapping it for the first.

Linked references
Hide All

This list contains references from the content that can be linked to their source. For a full set of references and notes please see the PDF or HTML where available.

R. Chang 2002. The possibility of parity. Ethics 112: 659688.

A. Gibbard and W.L. Harper 1978. Counterfactuals and two kinds of expected utility. In Foundations and Applications of Decision Theory, Vol. I, ed. C.A. Hooker , J.J. Leach , and E.F. McClennen , 125162. Dordrecht: Reidel.

D. Kahneman , J.L. Knetsch and R.H. Thaler 1990. Experimental tests of the endowment effect and the Coase theorem. Journal of Political Economy 98: 13251348.

W. Rabinowicz 2008. Value relations. Theoria 74: 1849.

J. Raz 1988. The Morality of Freedom. Oxford: Clarendon Press.

R. Thaler 1980. Toward a positive theory of consumer choice. Journal of Economic Behavior and Organization 1: 3960.

Recommend this journal

Email your librarian or administrator to recommend adding this journal to your organisation's collection.

Economics & Philosophy
  • ISSN: 0266-2671
  • EISSN: 1474-0028
  • URL: /core/journals/economics-and-philosophy
Please enter your name
Please enter a valid email address
Who would you like to send this to? *


Full text views

Total number of HTML views: 1
Total number of PDF views: 2 *
Loading metrics...

Abstract views

Total abstract views: 63 *
Loading metrics...

* Views captured on Cambridge Core between September 2016 - 28th May 2017. This data will be updated every 24 hours.