: Following previous work on consequentialist decision theory, we consider an unrestricted domain of finite decision trees, including continuation subtrees, with: (i) decision nodes where the decision maker must make a move; (ii) chance nodes at which a “roulette lottery” with exogenously specified strictly positive probabilities is resolved; (iii) event nodes at which a “horse lottery” is resolved. A complete family of binary conditional base preference relations over lottery consequences is defined to be “prerational” just in case there exists a behaviour rule that is defined throughout the tree domain which is explicable as avoiding, under all predictable circumstances, consequences that are regrettable given what is feasible. Prerationality is shown to hold if and only if all conditional base preference relations are complete and transitive, while also satisfying both the independence axiom of expected utility theory and a strict form of Anscombe and Aumann’s extension of Savage’s sure thing principle. Assuming that the base relations satisfy non-triviality and a generalized form of state independence that holds even when consequence domains are state dependent, prerationality combined with continuity on Marschak triangles is equivalent to representation by a refined subjective expected utility function that excludes zero probabilities.
{"title":"Prerationality as Avoiding Predictably Regrettable Consequences","authors":"P. Hammond","doi":"10.3917/reco.736.0943","DOIUrl":"https://doi.org/10.3917/reco.736.0943","url":null,"abstract":": Following previous work on consequentialist decision theory, we consider an unrestricted domain of finite decision trees, including continuation subtrees, with: (i) decision nodes where the decision maker must make a move; (ii) chance nodes at which a “roulette lottery” with exogenously specified strictly positive probabilities is resolved; (iii) event nodes at which a “horse lottery” is resolved. A complete family of binary conditional base preference relations over lottery consequences is defined to be “prerational” just in case there exists a behaviour rule that is defined throughout the tree domain which is explicable as avoiding, under all predictable circumstances, consequences that are regrettable given what is feasible. Prerationality is shown to hold if and only if all conditional base preference relations are complete and transitive, while also satisfying both the independence axiom of expected utility theory and a strict form of Anscombe and Aumann’s extension of Savage’s sure thing principle. Assuming that the base relations satisfy non-triviality and a generalized form of state independence that holds even when consequence domains are state dependent, prerationality combined with continuity on Marschak triangles is equivalent to representation by a refined subjective expected utility function that excludes zero probabilities.","PeriodicalId":431546,"journal":{"name":"Revue économique","volume":"280 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-01-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123033836","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Les déterminants de la non-conformité et de la perception du fardeau fiscal en France","authors":"C. Bazart, T. Blayac","doi":"10.3917/reco.734.0605","DOIUrl":"https://doi.org/10.3917/reco.734.0605","url":null,"abstract":"","PeriodicalId":431546,"journal":{"name":"Revue économique","volume":"15 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-08-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124497614","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Innovation, ancienneté du manager et implication des employés dans la prise de décision au sein des entreprises d’un pays en développement","authors":"Dorgyles C. M. Kouakou","doi":"10.3917/reco.735.0781","DOIUrl":"https://doi.org/10.3917/reco.735.0781","url":null,"abstract":"","PeriodicalId":431546,"journal":{"name":"Revue économique","volume":"31 26_suppl 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-08-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132919140","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Le mécanisme d’épargne-crédit a-t-il un effet sur les performances de remboursement des crédits des groupes solidaires ?","authors":"M. Couchoro, Dossè Mawussi Djahini-Afawoubo","doi":"10.3917/reco.734.0499","DOIUrl":"https://doi.org/10.3917/reco.734.0499","url":null,"abstract":"","PeriodicalId":431546,"journal":{"name":"Revue économique","volume":"53 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-08-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121727084","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"L’effet du chômage sur la douleur chronique en France : une note","authors":"Thibault Brodaty","doi":"10.3917/reco.735.0683","DOIUrl":"https://doi.org/10.3917/reco.735.0683","url":null,"abstract":"","PeriodicalId":431546,"journal":{"name":"Revue économique","volume":"34 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-08-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125392291","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Droits et devoirs du RSA : l’impact des contrôles sur la participation des bénéficiaires","authors":"Sylvain Chareyron, Rémi Le Gall, Y. L'horty","doi":"10.3917/reco.735.0735","DOIUrl":"https://doi.org/10.3917/reco.735.0735","url":null,"abstract":"","PeriodicalId":431546,"journal":{"name":"Revue économique","volume":"25 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-08-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131352091","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Incertitude stratégique et taille de marché : le cas de l’amendement Wright","authors":"Philippe Gagnepain, S. Gauthier","doi":"10.3917/reco.735.0761","DOIUrl":"https://doi.org/10.3917/reco.735.0761","url":null,"abstract":"","PeriodicalId":431546,"journal":{"name":"Revue économique","volume":"19 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-08-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131849591","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Avancées récentes de la recherche en microéconomie appliquée","authors":"Thierry Kamionka, J. Tanguy","doi":"10.3917/reco.735.0663","DOIUrl":"https://doi.org/10.3917/reco.735.0663","url":null,"abstract":"","PeriodicalId":431546,"journal":{"name":"Revue économique","volume":"10 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-08-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121383743","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Le choix en assurance affecte-t-il les comportements préventifs des assurés ?","authors":"M. Plantier","doi":"10.3917/reco.735.0811","DOIUrl":"https://doi.org/10.3917/reco.735.0811","url":null,"abstract":"","PeriodicalId":431546,"journal":{"name":"Revue économique","volume":"59 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-08-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125161022","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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