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External Norms And Rationality Of Choice

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  • Bossert, Walter
  • Suzumura, Kotaro

Abstract

Ever since Sen (1993) criticized the notion of internal consistency of choice, there exists a widespread perception that the standard rationalizability approach to the theory of choice has difficulties in coping with the existence of external norms. We introduce a concept of norm-conditional rationalizability and show that external norms can be made compatible with the methods underlying the rationalizability approach. This claim is substantiated by characterizing norm-conditional rationalizability by means of suitably modified revealed preference axioms in the theory of rational choice on general domains due to Richter (1966; 1971) and Hansson (1968).

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Bibliographic Info

Article provided by Cambridge University Press in its journal Economics and Philosophy.

Volume (Year): 25 (2009)
Issue (Month): 02 (July)
Pages: 139-152

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Handle: RePEc:cup:ecnphi:v:25:y:2009:i:02:p:139-152_99

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Cited by:
  1. Dietrich, Franz & List, Christian, 2012. "Mentalism versus behaviourism in economics: a philosophy-of-science perspective," MPRA Paper 37813, University Library of Munich, Germany.

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