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Ceteris paribus preferences, rational farming effects, and the extensionality principle

Published online by Cambridge University Press:  25 October 2022

Joe Y. F. Lau Open the ORCID record for Joe Y. F. Lau [Opens in a new window]
Joe Y. F. Lau*
Affiliation:
Department of Philosophy, The University of Hong Kong, Pok Fu Lam, Hong Kong jyflau@hku.hkhttp://philosophy.hku.hk/joelau
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Abstract

Bermúdez argues for rational framing effects in the form of quasi-cyclical preferences. This is supposed to refute the extensionality principle in standard decision theory. In response, I argue that it is better to analyze seemingly quasi-cyclical preferences as ceteris paribus preferences. Furthermore, if frames are included as objects of choice, we can acknowledge rational framing effects without rejecting extensionality.

Type
Open Peer Commentary
Information
Behavioral and Brain Sciences , Volume 45 , 2022 , e232
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Copyright
Copyright © The Author(s), 2022. Published by Cambridge University Press

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