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SYMPATHY, COMMITMENT, AND PREFERENCE

Published online by Cambridge University Press:  14 June 2005

DANIEL M. HAUSMAN
DANIEL M. HAUSMAN
Affiliation:
University of Wisconsin-Madison
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Abstract

While very much in Sen's camp in rejecting revealed preference theory and emphasizing the complexity, incompleteness, and context dependence of preference and the intellectual costs of supposing that all the factors influencing choice can be captured by a single notion of preference, this essay contests his view that economists should recognize multiple notions of preference. It argues that Sen's concerns are better served by embracing a single conception of preference and insisting on the need for analysis of the multiple factors that determine ‘preference’ so conceived.

Type
Essay
Information
Economics & Philosophy , Volume 21 , Issue 1 , April 2005 , pp. 33 - 50
Copyright
© 2005 Cambridge University Press

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