TY - JOUR
T1 - Why rationality is not a consequence of Hume's theory of choice
AU - Sugden, R.
PY - 2005/3/1
Y1 - 2005/3/1
N2 - This paper argues that the theory of action proposed by Hume in the Treatise does not imply that individuals are rational in the sense of modern choice theory. An individual's behaviour is non-rational if his/her choices systematically contravene the consistency axioms of the theory, and if the causal explanation of those choices cannot credibly be offered as a reason for making them. Hume proposes a theory of causal relationships between mental states, based on associations of ideas. The relationships he postulates are liable to induce various forms of non-rational behaviour, some of which have since been observed in controlled experiments.
AB - This paper argues that the theory of action proposed by Hume in the Treatise does not imply that individuals are rational in the sense of modern choice theory. An individual's behaviour is non-rational if his/her choices systematically contravene the consistency axioms of the theory, and if the causal explanation of those choices cannot credibly be offered as a reason for making them. Hume proposes a theory of causal relationships between mental states, based on associations of ideas. The relationships he postulates are liable to induce various forms of non-rational behaviour, some of which have since been observed in controlled experiments.
KW - Hume
KW - choice theory
KW - rationality
UR - http://www.scopus.com/inward/record.url?scp=17544365229&partnerID=8YFLogxK
U2 - 10.1080/0967256042000338069
DO - 10.1080/0967256042000338069
M3 - Article
AN - SCOPUS:17544365229
VL - 12
SP - 113
EP - 118
JO - European Journal of the History of Economic Thought
JF - European Journal of the History of Economic Thought
SN - 0967-2567
IS - 1
ER -