Rationality and Dynamic Choice: Foundational Explorations

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Edward F. McClennenCambridge University PressEdition: First Edition, 9/6/1990EAN 9780521360470, ISBN10: 0521360471Hardcover, 328 pages, 22.9 x 15.2 x 2.2 cmLanguage: EnglishThis is a major contribution to the theory of rational choice which will be of particular interest to philosophers and economists. The author sets out the foundations of rational choice, and then sketches a dynamic choice framework in which principles of ordering and independence follow from a number of apparently plausible conditions. However, there is potential conflict among these conditions, and when they are weakened to avoid it the usual foundations of rational choice no longer prevail. The thrust of the argument is to suggest that the theory of rational choice is less deterministic than many suppose.1. Introduction and sketch of the main argument2. The ordering principle3. The independence principle4. The problem of justification5. Pragmatic arguments6. Dynamic choice problems7. Rationality conditions on dynamic choice8. Consequentialist constructions9. Rethinking the problem of dynamic consistency10. A critique of the pragmatic arguments11. Formalizing the pragmatic arguments12. The feasibility of resolute choice13. Connections14. ConclusionsPostscriptprojections. Show more