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Ceteris paribus preferences, rational farming effects, and the extensionality principle

Published online by Cambridge University Press:  25 October 2022

Joe Y. F. Lau Open the ORCID record for Joe Y. F. Lau [Opens in a new window]
Joe Y. F. Lau*
Affiliation:
Department of Philosophy, The University of Hong Kong, Pok Fu Lam, Hong Kong jyflau@hku.hk http://philosophy.hku.hk/joelau
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Abstract

Bermúdez argues for rational framing effects in the form of quasi-cyclical preferences. This is supposed to refute the extensionality principle in standard decision theory. In response, I argue that it is better to analyze seemingly quasi-cyclical preferences as ceteris paribus preferences. Furthermore, if frames are included as objects of choice, we can acknowledge rational framing effects without rejecting extensionality.

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Type
Open Peer Commentary
Information
Behavioral and Brain Sciences , Volume 45 , 2022 , e232
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Copyright
Copyright © The Author(s), 2022. Published by Cambridge University Press

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