Rational choice and the transitivity of betterness
AbstractIf A is better than B and B is better than C, then A is better than C, right? Larry Temkin and Stuart Rachels say: No! Betterness is nontransitive, they claim. In this paper, I discuss the central type of argument advanced by Temkin and Rachels for this radical idea, and argue that, given this view very likely has sceptical implications for practical reason, we would do well to identify alternative responses. I propose one such response, which employs the idea that rational agents might regard some options as incommensurate in value, and will reasonably employ a heuristic of status quo maintenance to avoid suboptimal choices from incommensurate goods.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 49956.
Date of creation: 20 Apr 2013
Date of revision:
Rational choice; transitivity; vagueness; status quo maintenance; incommensurate value;
Find related papers by JEL classification:
- D01 - Microeconomics - - General - - - Microeconomic Behavior: Underlying Principles
- D03 - Microeconomics - - General - - - Behavioral Microeconomics; Underlying Principles
- D80 - Microeconomics - - Information, Knowledge, and Uncertainty - - - General
- D89 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Other
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- Qizilbash, Mozaffar, 2005. "Transitivity And Vagueness," Economics and Philosophy, Cambridge University Press, vol. 21(01), pages 109-131, April.
- Michael Mandler, 2004. "Status quo maintenance reconsidered: changing or incomplete preferences?," Economic Journal, Royal Economic Society, vol. 114(499), pages F518-F535, November.
- Broome, John, 2004.
Oxford University Press, number 9780199243761.
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