Three analyses of sour grapes
AbstractThe phenomenon of adaptive preferences – sometimes also known under the name of sour grapes – has long caused a stir in Social Theory. In this paper, the precise problem posed by adaptive preferences, as seen from the point of view of a theoretician who intends to model or understand the phenomenon, will be clarified, and three models of the phenomenon will be presented and compared. The general intention of the article is to sound out some of the wider consequences of the phenomenon for the project of modelling and understanding the relationship between decisions taken in different situations. Difficulties which arise when several decisions and several situations are involved shall be discussed, and an approach to these difficulties shall be suggested.
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Bibliographic InfoPaper provided by HEC Paris in its series Les Cahiers de Recherche with number 873.
Length: 22 pages
Date of creation: 13 Apr 2007
Date of revision:
Adaptive preferences; preference change; belief change; decision theory; belief and utility elicitation; representation theorems.;
Find related papers by JEL classification:
- B49 - Schools of Economic Thought and Methodology - - Economic Methodology - - - Other
- D89 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Other
This paper has been announced in the following NEP Reports:
- NEP-ALL-2007-12-01 (All new papers)
- NEP-HPE-2007-12-01 (History & Philosophy of Economics)
- NEP-UPT-2007-12-01 (Utility Models & Prospect Theory)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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- Edi Karni & Philippe Mongin, 2000.
"On the Determination of Subjective Probability by Choices,"
INFORMS, vol. 46(2), pages 233-248, February.
- Karni, E. & Mongin, P., 1997. "On the Determination of Subjective Probability by Choices," Papers 9737, Paris X - Nanterre, U.F.R. de Sc. Ec. Gest. Maths Infor..
- E. Karni & Ph. Mongin, 1997. "On the determination of subjective probability by choices," THEMA Working Papers 97-37, THEMA (THéorie Economique, Modélisation et Applications), Université de Cergy-Pontoise.
- Brian Hill, 2009.
"Living without state-independence of utilities,"
Theory and Decision,
Springer, vol. 67(4), pages 405-432, October.
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