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Preference, Value, Choice, and Welfare

Author

Listed:
  • Hausman,Daniel M.

Abstract

This book is about preferences, principally as they figure in economics. It also explores their uses in everyday language and action, how they are understood in psychology and how they figure in philosophical reflection on action and morality. The book clarifies and for the most part defends the way in which economists invoke preferences to explain, predict and assess behavior and outcomes. Hausman argues, however, that the predictions and explanations economists offer rely on theories of preference formation that are in need of further development, and he criticizes attempts to define welfare in terms of preferences and to define preferences in terms of choices or self-interest. The analysis clarifies the relations between rational choice theory and philosophical accounts of human action. The book also assembles the materials out of which models of preference formation and modification can be constructed, and it comments on how reason and emotion shape preferences.

Suggested Citation

  • Hausman,Daniel M., 2012. "Preference, Value, Choice, and Welfare," Cambridge Books, Cambridge University Press, number 9781107695122.
  • Handle: RePEc:cup:cbooks:9781107695122
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    Citations

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    Cited by:

    1. Guilhem Lecouteux & Léonard Moulin, 2013. "From welfare to preferences, do decision flaws matter? The case of tuition fees," Working Papers hal-00807687, HAL.
    2. Roberto Fumagalli, 2016. "Decision sciences and the new case for paternalism: three welfare-related justificatory challenges," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 47(2), pages 459-480, August.
    3. Francesco GUALA, 2017. "Preferences: Neither Behavioural nor Mental," Departmental Working Papers 2017-05, Department of Economics, Management and Quantitative Methods at Università degli Studi di Milano.
    4. Guilhem Lecouteux, 2013. "Choosing one's preferences," Working Papers hal-00864704, HAL.
    5. Marcel Boumans & Matthias Klaes (ed.), 2013. "Mark Blaug: Rebel with Many Causes," Books, Edward Elgar Publishing, number 15224.
    6. repec:beh:jbepv1:v:1:y:2017:i:s:p:49-52 is not listed on IDEAS
    7. Gerardo Infante & Guilhem Lecouteux & Robert Sugden, 2016. "Preference purification and the inner rational agent: a critique of the conventional wisdom of behavioural welfare economics," Journal of Economic Methodology, Taylor & Francis Journals, vol. 23(1), pages 1-25, March.
    8. Dorian Jullien, 2013. "Asian Disease-type of Framing of Outcomes as an Historical Curiosity," GREDEG Working Papers 2013-47, Groupe de REcherche en Droit, Economie, Gestion (GREDEG CNRS), University of Nice Sophia Antipolis.
    9. Rodolfo Garcia Sierra & Alvaro Zerda Sarmiento, 2016. "Hydropower Megaprojects in Colombia and the Influence of Local Communities: A View from Prospect Theory to Decision Making Process based on Expert Judgment used in Large Organizations," International Journal of Energy Economics and Policy, Econjournals, vol. 6(3), pages 408-420.
    10. repec:kap:jbuset:v:146:y:2017:i:2:d:10.1007_s10551-017-3658-4 is not listed on IDEAS
    11. D Wade Hands, 2013. "GP08 is the New F53: Gul and Pesendorfer’s Methodological Essay from the Viewpoint of Blaug’s Popperian Methodology," Chapters,in: Mark Blaug: Rebel with Many Causes, chapter 17, pages 245-266 Edward Elgar Publishing.
    12. Giacomo Bonanno, 2013. "Counterfactuals and the Prisoner?s Dilemma," Working Papers 137, University of California, Davis, Department of Economics.
    13. repec:spr:inrvec:v:64:y:2017:i:2:d:10.1007_s12232-016-0264-1 is not listed on IDEAS
    14. Dorian Jullien & Nicolas Vallois, 2012. "A Probabilistic Ghost in the Experimental Machine," GREDEG Working Papers 2012-05, Groupe de REcherche en Droit, Economie, Gestion (GREDEG CNRS), University of Nice Sophia Antipolis.
    15. Tomasz Kwarciński, 2016. "Theories of well-being and interpersonal comparability," Ekonomia journal, Faculty of Economic Sciences, University of Warsaw, vol. 45.
    16. MANIQUET, François & NEUMANN, Dirk, 2016. "Well-Being, Poverty and Labor Income Taxation: Theory and Application to Europe and the U.S," CORE Discussion Papers 2016029, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).

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