02278nam a22003738a 4500 CR9781139058537 UkCbUP 20180107143416.0 m|||||o||d|||||||| cr|||||||||||| 110316s2011||||enk s ||1 0|eng|d 9781139058537 (ebook) 9781107015432 (hardback) 9781107695122 (paperback) UkCbUP UkCbUP rda HF5415.32 .H38 2012 658.8/343 23 Hausman, Daniel M., author. Preference, Value, Choice, and Welfare / [electronic resource] Daniel M. Hausman. Preference, Value, Choice, & Welfare Cambridge : Cambridge University Press, 2011. 1 online resource (168 pages) : digital, PDF file(s). text txt rdacontent computer c rdamedia online resource cr rdacarrier Title from publisher's bibliographic system (viewed on 09 Oct 2015). This book is about preferences, principally as they figure in economics. It also explores their uses in everyday language and action, how they are understood in psychology and how they figure in philosophical reflection on action and morality. The book clarifies and for the most part defends the way in which economists invoke preferences to explain, predict and assess behavior and outcomes. Hausman argues, however, that the predictions and explanations economists offer rely on theories of preference formation that are in need of further development, and he criticizes attempts to define welfare in terms of preferences and to define preferences in terms of choices or self-interest. The analysis clarifies the relations between rational choice theory and philosophical accounts of human action. The book also assembles the materials out of which models of preference formation and modification can be constructed, and it comments on how reason and emotion shape preferences. Consumers' preferences Preferences (Philosophy) Value Rational choice theory Print version: 9781107015432 http://dx.doi.org/10.1017/CBO9781139058537 Cambridge Books Online 236772 236772