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The Problem of State-Dependent Utility: A Reappraisal
The British Journal for the Philosophy of Science ( IF 3.2 ) Pub Date : 2020-12-02 , DOI: 10.1093/bjps/axz024
Jean Baccelli 1
Affiliation  

State-dependent utility is a problem for the behavioral branch of decision theory under uncertainty. It questions the very possibility that beliefs be revealed by choice data. According to the current literature, all models of beliefs are equally exposed to the problem. Moreover, the problem is solvable only when the decision-maker can influence the resolution of uncertainty. This paper gives grounds to reject these two views. The various models of beliefs can be shown to be unequally exposed to the problem of state-dependent utility. The problem can be argued to be solved even when the decision-maker has no influence over the resolution of uncertainty. The implications of such reappraisal for a philosophical appreciation of the revealed preference methodology are discussed.

中文翻译:

状态相关效用问题:重新评估

状态相关效用是不确定性下决策理论的行为分支的一个问题。它质疑选择数据揭示信念的可能性。根据目前的文献,所有的信念模型都同样面临这个问题。此外,只有当决策者可以影响不确定性的解决时,问题才能解决。本文给出了拒绝这两种观点的理由。可以证明各种信念模型不均等地暴露于依赖状态的效用问题。即使决策者对不确定性的解决没有影响,也可以认为这个问题已经得到解决。讨论了这种重新评估对显示偏好方法的哲学欣赏的影响。
更新日期:2020-12-02
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