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Autor:innen: 
Erscheinungsjahr: 
2012
Schriftenreihe/Nr.: 
Papers on Economics and Evolution No. 1208
Verlag: 
Max Planck Institute of Economics, Jena
Zusammenfassung: 
Robert Sugden has recently elaborated upon the case for a normative standard of freedom as opportunity that is supposed to cope with the problem of how to realign normative economics - with its traditional rational choice orientation - with behavioral economics. His standard, though, presupposes that people respond to uncertainty about their own future preferences by dismissing any kind of self-commitment. We argue that the approach lacks psychological substance: Sugden's normative benchmark - the responsible person - is a purely artificial construct that can hardly serve as a convincing role model in a contractarian setting. An alternative concept is introduced, and some policy implications are briefly discussed.
Schlagwörter: 
Opportunity Criterion
Preference Change
Reconciliation Problem
JEL: 
D51
D63
Dokumentart: 
Working Paper

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