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Hume's experimental psychology and the idea of erroneous preferences

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  • Sugden, Robert

Abstract

Hume's Treatise of Human Nature is not only a canonical text of philosophy, but also a pioneering work of psychology, anticipating many findings of modern behavioural economics. According to Hume's theory of mind, the concept of rationality does not apply to choices or moral judgements. But in his theory of justice, Hume explains preference reversals between smaller-sooner and larger-later options in terms of farsighted ‘true’ preferences and psychologically-induced errors of short-sightedness. Anticipating a common idea in behavioural welfare economics, he proposes a role for government in helping individuals to overcome self-control problems in acting justly. I examine Hume's position and assess its coherence. I conclude that Hume's theory of mind is consistent and psychologically well-grounded, but does not support the concepts of true preference and error that appear in his theory of justice. However, the fundamental logic of that theory does not depend on assumptions about self-control problems.

Suggested Citation

  • Sugden, Robert, 2021. "Hume's experimental psychology and the idea of erroneous preferences," Journal of Economic Behavior & Organization, Elsevier, vol. 183(C), pages 836-848.
  • Handle: RePEc:eee:jeborg:v:183:y:2021:i:c:p:836-848
    DOI: 10.1016/j.jebo.2020.11.017
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    More about this item

    Keywords

    Hume; Treatise of human nature; Experimental psychology; True preference; Self-control;
    All these keywords.

    JEL classification:

    • B12 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Classical (includes Adam Smith)
    • D91 - Microeconomics - - Micro-Based Behavioral Economics - - - Role and Effects of Psychological, Emotional, Social, and Cognitive Factors on Decision Making

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