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Chapter

Are preferences for real? Choice theory, folk psychology, and the hard case for commonsensible realism

Chapter

Are preferences for real? Choice theory, folk psychology, and the hard case for commonsensible realism

DOI link for Are preferences for real? Choice theory, folk psychology, and the hard case for commonsensible realism

Are preferences for real? Choice theory, folk psychology, and the hard case for commonsensible realism book

Are preferences for real? Choice theory, folk psychology, and the hard case for commonsensible realism

DOI link for Are preferences for real? Choice theory, folk psychology, and the hard case for commonsensible realism

Are preferences for real? Choice theory, folk psychology, and the hard case for commonsensible realism book

ByFRANCESCO GUALA
BookEconomics for Real

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Edition 1st Edition
First Published 2011
Imprint Routledge
Pages 19
eBook ISBN 9780203148402

ABSTRACT

And yet there is a sense in which preferences and beliefs belong to our ordinary world­ view, for we constantly use them (and related concepts, like ‘desire’) to explain our actions and those of fellow human beings. This idea is not new. A century ago economists like Ludwig von Mises noticed that the explanatory strategy of economics is on a par with ordinary explanations of human action. And the source of Donald Davidson’s famous qualms with decision theory in the 1960s was the latter’s continuity with folk psychology.2

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