Keyword: revealed preference
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Vredenburg, Kate. A Unificationist Defense of Revealed Preferences
2019, Economics & Philosophy 36.1, 149-169
Topics: Economics; Logic and Mathematics; Theoretical Epistemology
Keywords: explanation; revealed preference; unification
Traditions: Analytic; North American
Languages: English

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Added by: Björn Freter

Abstract: Revealed preference approaches to modelling agents’ choices face two seemingly devastating explanatory objections. The no self-explanation objection imputes a problematic explanatory circularity to revealed preference approaches, while the causal explanation objection argues that, all things equal, a scientific theory should provide causal explanations, but revealed preference approaches decidedly do not. Both objections assume a view of explanation, the constraint-based view, that the revealed preference theorist ought to reject. Instead, the revealed preference theorist should adopt a unificationist account of explanation, allowing her to escape the two explanatory problems discussed in this paper.

Comment : An ingenious and clear defense of the revealed preference interpretation, probably the best one that's possible. A nice opportunity to discuss with students the intellectual gymnastics required in order to defend theoretical commitments of the contemporary economy.
Difficulty: Advanced
Recommended use: Specialised
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