Hostname: page-component-cd9895bd7-dzt6s Total loading time: 0 Render date: 2024-12-23T05:48:06.146Z Has data issue: false hasContentIssue false

A. C. Michalos' “Postulates of Rational Preference”

Published online by Cambridge University Press:  14 March 2022

John D. Mullen*
Affiliation:
Boston University

Extract

In an article in this journal [2], A. C. Michalos, while arguing for the normative and empirical inadequacy of the Von Neumann and Morgenstern (N-M) postulates of rational preference, completely misconstrued the concept of simple additivity contained in the (independence) postulates. As a result, the following argument is a non-sequitur.

Type
Discussion
Copyright
Copyright © 1970 by The Philosophy of Science Association

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

References

REFERENCES

[1] Aumann, R. J., “Subjective Programming,” in Shelly and Bryan (eds.) Human Judgments and Optimality, Wiley, New York, 1964.Google Scholar
[2] Michalos, A. C., “Postulates of Rational Preference,” Philosophy of Science, vol. 34, 1967.10.1086/288119CrossRefGoogle Scholar
[3] Von Neumann, J. and Morgenstern, O., Theory of Games and Economic Behavior, Princeton University Press, 1947.Google Scholar