Hume's non-instrumental and non-propositional decision theory

Sugden, R. (2006) Hume's non-instrumental and non-propositional decision theory. Economics and Philosophy, 22 (3). pp. 365-391. ISSN 0266-2671

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Abstract

Hume is often read as proposing an instrumental theory of decision, in which an agent's choices are rational if they maximally satisfy her desires, given her beliefs. In fact, Hume denies that rationality can be attributed to actions. I argue that this is not a gap needing to be filled. Hume's theory provides a coherent and self-contained understanding of action, compatible with current developments in experimental psychology and behavioural economics. On Hume's account, desires are primitive psychological motivations which do not have propositional content, and so are not subject to the criteria of rational consistency which apply to propositions.

Item Type: Article
Faculty \ School: Faculty of Social Sciences > School of Economics
UEA Research Groups: Faculty of Social Sciences > Research Groups > Economic Theory
Faculty of Social Sciences > Research Centres > Centre for Behavioural and Experimental Social Sciences
Faculty of Social Sciences > Research Centres > Centre for Competition Policy
Faculty of Social Sciences > Research Groups > Behavioural Economics
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Depositing User: Pure Connector
Date Deposited: 19 Nov 2013 16:14
Last Modified: 18 Apr 2023 23:43
URI: https://ueaeprints.uea.ac.uk/id/eprint/44502
DOI: 10.1017/S0266267106001027

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