Change in the Decision Sciences

Authors

  • Paul Weirich University of Missouri

DOI:

https://doi.org/10.20416/lsrsps.v5i1.3

Keywords:

decision, deliberation, idealization, model, rationality

Abstract

A common type of change in science occurs as theorists generalize a model of a phenomenon by removing some idealizations of the model. This type of change occurs in the decision sciences and also in the normative branch of the decision sciences that treats rational choice. After presenting a general account of model generalization, the paper illustrates generalization of models in normative decision theory. The principal illustration generalizes a standard model of rational choice by removing the idealization that deliberation has no cost.

References

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Sugden, Robert. 2002. Credible Worlds: The Status of Theoretical Models in Economics. In Mäki, U. (ed.). Fact and Fiction in Economics. Cambridge: Cambridge University Press. 107–136.

Weirich, Paul. 2015. Models of Decision-Making: Simplifying Choices. Cambridge: Cambridge University Press.

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Published

2018-09-24

How to Cite

Weirich, Paul. 2018. “Change in the Decision Sciences”. Lato Sensu: Revue De La Société De Philosophie Des Sciences 5 (1):13-19. https://doi.org/10.20416/lsrsps.v5i1.3.

Issue

Vol. 5 No. 1 (2018): Change in Science - 6th meeting of the Société de Philosophie des Sciences

Section

Proceedings of the 2016 congress

License

Copyright (c) 2018 Paul Weirich

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