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The motive of commitment and its implications for Rational Choice Theory


Herfeld, Catherine (2009). The motive of commitment and its implications for Rational Choice Theory. Analyse & Kritik, 31(2):291-317.

Abstract

This paper addresses the explanatory role of the concept of a motive for action in economics. The aim of the paper is to show the difficulty economists have to accommodate the motive of commitment into their explanatory and predictive framework, i.e. rational choice theory. One difficulty is that the economists’ explanation becomes analytic when assuming preferences of commitment. Another difficulty is that it is highly doubtful whether commitment can be represented by current frameworks while (pre-)serving the ‘folk-psychological’ idea of what is commonly understood by the idea of a commitment. Both difficulties lead to the conclusion that, although motives do matter, conceptualizing the motive of commitment would cause trouble for rational choice theory

Abstract

This paper addresses the explanatory role of the concept of a motive for action in economics. The aim of the paper is to show the difficulty economists have to accommodate the motive of commitment into their explanatory and predictive framework, i.e. rational choice theory. One difficulty is that the economists’ explanation becomes analytic when assuming preferences of commitment. Another difficulty is that it is highly doubtful whether commitment can be represented by current frameworks while (pre-)serving the ‘folk-psychological’ idea of what is commonly understood by the idea of a commitment. Both difficulties lead to the conclusion that, although motives do matter, conceptualizing the motive of commitment would cause trouble for rational choice theory

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Additional indexing

Item Type:Journal Article, refereed, original work
Communities & Collections:06 Faculty of Arts > Institute of Philosophy
Dewey Decimal Classification:100 Philosophy
Language:English
Date:2009
Deposited On:23 Nov 2017 11:50
Last Modified:18 Feb 2018 01:07
Publisher:Lucius & Lucius Verlagsgesellschaft
ISSN:0171-5860
OA Status:Green
Free access at:Official URL. An embargo period may apply.
Official URL:http://www.analyse-und-kritik.net/2009-2/inhalt.htm

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