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Title Decision Science: From Ramsey to Dual Process Theories
Author/s Nils-Eric Sahlin, Annika Wallin, Johannes Persson
Department/s Cognitive Science
Theoretical Philosophy
Faculty of Medicine
Department of Philosophy
Full-text Available as PDF
Alternative location (URL) http://www.springerlink.com/co...
Alternative location (URL) http://dx.doi.org/10.1007/s112...
Publication/Series Synthese
Publishing year 2010
Volume 172
Issue 1
Pages 129 - 143
Document type Journal article
Status published
Quality controlled yes
Language English
Publisher Synthese
Abstract English The hypothesis that human reasoning and decision-making can be roughly modeled by Expected Utility Theory has been at the core of decision science. Accumulating evidence has led researchers to modify the hypothesis. One of the latest additions to the field is Dual Process theory, which attempts to explain variance between participants and tasks when it comes to deviations from Expected Utility Theory. It is argued that Dual Process theories at this point cannot replace previous theories, since they, among other things, lack a firm conceptual framework, and have no means of producing independent evidence for their case.
Subject Philosophy and Religion
Medicine and Health Sciences
Social Sciences
Keywords decision theory, decision science, human reasoning, decision-making, dual process theory, rationality, prospect theory, economic man, Ramsey, normative man, expected utility
ISBN/ISSN/Other ISSN: 0039-7857
ISSN: 1573-0964
Funder Swedish Research Council
Funder Riksbankens Jubileumsfond
Funder VĂ¥rdalinstitutet i Lund
References References
Additional info This is a draft version. The article is available at Synthese's web site online first: http://www.springerlink.com/content/pm5766236j327277/

 

 

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