Hostname: page-component-78c5997874-4rdpn Total loading time: 0 Render date: 2024-11-05T16:59:27.496Z Has data issue: false hasContentIssue false

Incomplete preferences and rational framing effects

Published online by Cambridge University Press:  25 October 2022

Shlomi Sher
Affiliation:
Department of Psychological Science, Pomona College, Claremont, CA 91711, USA [email protected], https://www.pomona.edu/directory/people/shlomi-sher
Craig R. M. McKenzie
Affiliation:
Department of Psychology and Rady School of Management, University of California, San Diego, La Jolla, CA 92093, USA [email protected], https://pages.ucsd.edu/~mckenzie/

Abstract

The normative principle of description invariance presupposes that rational preferences must be complete. The completeness axiom is normatively dubious, however, and its rejection opens the door to rational framing effects. In this commentary, we suggest that Bermúdez's insightful challenge to the standard normative view of framing can be clarified and extended by situating it within a broader critique of completeness.

Type
Open Peer Commentary
Copyright
Copyright © The Author(s), 2022. Published by Cambridge University Press

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

Aumann, R. (1962). Utility theory without the completeness axiom. Econometrica, 30, 445462.CrossRefGoogle Scholar
Druckman, J. N. (2001). The implications of framing effects for citizen competence. Political Behavior, 23, 225256.CrossRefGoogle Scholar
Mandler, M. (2005). Incomplete preferences and rational intransitivity of choice. Games and Economic Behavior, 50, 255277.CrossRefGoogle Scholar
Raz, J. (1985). Value incommensurability: Some preliminaries. Proceedings of the Aristotelian Society, 86, 117134.CrossRefGoogle Scholar
Sartre, J.-P. (1946/2007). Existentialism is a humanism. Yale University Press.Google Scholar
Schick, F. (1997). Making choices. Cambridge University Press.Google Scholar
Sher, S., & McKenzie, C. R. M. (2006). Information leakage from logically equivalent frames. Cognition, 101, 467494.CrossRefGoogle ScholarPubMed
Sher, S., & McKenzie, C. R. M. (2011). Levels of information: A framing hierarchy. In Keren, G. (Ed.), Perspectives on framing (pp. 3563). Psychology Press.Google Scholar
Sher, S., Müller-Trede, J., & McKenzie, C. R. M. (2022). Choices without preferences: Principles of rational arbitrariness. Manuscript in preparation.Google Scholar
von Winterfeldt, D. (1980). Structuring decision problems for decision analysis. Acta Psychologica, 451, 7193.CrossRefGoogle Scholar