Decision Science : From Ramsey to Dual Process Theories
Sahlin, Nils-Eric LU ; Wallin, Annika LU
and Persson, Johannes
LU
(2010)
In Synthese
172(1).
p.129-143
- Abstract
- 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.
Please use this url to cite or link to this publication:
https://lup.lub.lu.se/record/1295971
- author
- Sahlin, Nils-Eric
LU
; Wallin, Annika
LU
and Persson, Johannes
LU
- organization
- publishing date
- 2010
- type
- Contribution to journal
- publication status
- published
- subject
- keywords
- decision science, decision theory, human reasoning, decision-making, dual process theory, rationality, prospect theory, economic man, Ramsey, normative man, expected utility
- in
- Synthese
- volume
- 172
- issue
- 1
- pages
- 129 - 143
- publisher
- Springer
- external identifiers
-
- wos:000272324000008
- scopus:77349102504
- ISSN
- 0039-7857
- DOI
- 10.1007/s11229-009-9472-5
- language
- English
- LU publication?
- yes
- additional info
- This is a draft version. The article is available at Synthese's web site online first: http://www.springerlink.com/content/pm5766236j327277/
- id
- 1e7f56e6-02b8-49fb-8de3-46d02917c533 (old id 1295971)
- alternative location
- http://www.springerlink.com/content/pm5766236j327277/
- date added to LUP
- 2016-04-01 10:54:58
- date last changed
- 2024-04-07 21:11:55
@article{1e7f56e6-02b8-49fb-8de3-46d02917c533,
abstract = {{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.}},
author = {{Sahlin, Nils-Eric and Wallin, Annika and Persson, Johannes}},
issn = {{0039-7857}},
keywords = {{decision science; decision theory; human reasoning; decision-making; dual process theory; rationality; prospect theory; economic man; Ramsey; normative man; expected utility}},
language = {{eng}},
number = {{1}},
pages = {{129--143}},
publisher = {{Springer}},
series = {{Synthese}},
title = {{Decision Science : From Ramsey to Dual Process Theories}},
url = {{https://lup.lub.lu.se/search/files/2234566/1295972.pdf}},
doi = {{10.1007/s11229-009-9472-5}},
volume = {{172}},
year = {{2010}},
}