'On the Econ within': a reply to Daniel Hausman

This note replies to a comment by Daniel Hausman on our paper 'Preference purification and the inner rational agent: a critique of the conventional wisdom of behavioural welfare economics'. We clarify our characterisation of behavioural welfare economics and acknowledge that Hausman does f...

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Veröffentlicht in:	The journal of economic methodology 2016-01, Vol.23 (1), p.33-37
Hauptverfasser:	Infante, Gerardo, Lecouteux, Guilhem, Sugden, Robert
Format:	Artikel
Sprache:	eng
Schlagworte:	Agency theory Behavioral decision theory behavioural welfare economics Decision making models Economics and Finance Humanities and Social Sciences inner rational agent preference purification Studies Welfare economics
Online-Zugang:	Volltext
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Beschreibung
Zusammenfassung:	This note replies to a comment by Daniel Hausman on our paper 'Preference purification and the inner rational agent: a critique of the conventional wisdom of behavioural welfare economics'. We clarify our characterisation of behavioural welfare economics and acknowledge that Hausman does fully endorse this approach. However, we argue that Hausman's response to our critique, like behavioural welfare economics itself, implicitly uses a model of an inner rational agent.
ISSN:	1350-178X 1469-9427
DOI:	10.1080/1350178X.2015.1070526