Is the Stable Preference-Based Utility Maximization a Good Account of Economic Rationality?

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dc.contributor.advisorBrian Berkey
dc.contributor.authorShirai, Ayana
dc.date2023-05-24T19:46:31.000
dc.date.accessioned2023-06-12T22:40:34Z
dc.date.available2023-06-12T22:40:34Z
dc.date.issued2023-01-01
dc.date.submitted2023-05-24T10:36:03-07:00
dc.description.abstractThis philosophical paper asks whether the economic account of rationality captures the essence of practical rationality, or what is rational for human agents to do. The paper develops an argument to show that the economic account of rationality, or an understanding of agents as rational on the condition of preference axiom fulfillment, does not capture rationality adequately. The argument comprises overinclusiveness, underinclusiveness, and high context-dependency. The paper then compares the economic account with a philosophical alternative, which is shown to overcome the problem the economic account faces. The paper concludes with responses to counterarguments and the relevance of this topic to the greater policy context.
dc.identifier.urihttps://repository.upenn.edu/handle/20.500.14332/58701
dc.legacy.articleid1150
dc.legacy.fulltexturlhttps://repository.upenn.edu/cgi/viewcontent.cgi?article=1150&context=joseph_wharton_scholars&unstamped=1
dc.legacy.nativeurlhttps://repository.upenn.edu/context/joseph_wharton_scholars/article/1150/type/native/viewcontent
dc.source.issue148
dc.source.journalJoseph Wharton Scholars
dc.source.statuspublished
dc.subject.otherphilosophy
dc.subject.otherrationality
dc.subject.othereconomics
dc.subject.otherphilosophy of economics
dc.subject.otherutility
dc.subject.otherutility maximization
dc.subject.otherpolicy
dc.subject.otherreasons
dc.subject.otheractions
dc.subject.otherchoices
dc.subject.otherBehavioral Economics
dc.subject.otherEconomic History
dc.subject.otherEconomic Theory
dc.subject.otherHistory of Philosophy
dc.subject.otherOther Philosophy
dc.subject.otherPhilosophy
dc.subject.otherPhilosophy of Science
dc.subject.otherPolitical Economy
dc.titleIs the Stable Preference-Based Utility Maximization a Good Account of Economic Rationality?
dc.typeDissertation/Thesis
digcom.identifierjoseph_wharton_scholars/148
digcom.identifier.contextkey35640965
digcom.identifier.submissionpathjoseph_wharton_scholars/148
digcom.typethesis
dspace.entity.typePublication
relation.isAuthorOfPublicationaef47703-48b1-48ef-8761-189284114dbc
relation.isAuthorOfPublication.latestForDiscoveryaef47703-48b1-48ef-8761-189284114dbc
upenn.schoolDepartmentCenterJoseph Wharton Scholars
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