The standard economic theory of choice is extended to accommodate a particular form of akratic choice. The empirical content of the new theory is fully characterized. A characterization of revealed akratic choice, in terms of observable choice only, is also provided. These results are consistent with the viewpoint that akrasia is a concept that can be empirically substantiated.
This is a preview of subscription content, log in to check access.
Buy single article
Instant access to the full article PDF.
Price includes VAT for USA
Subscribe to journal
Immediate online access to all issues from 2019. Subscription will auto renew annually.
This is the net price. Taxes to be calculated in checkout.
Adler J. (2002) Akratic believing?. Philosophical Studies 110(1): 1–27
Ambrus, A., & Rozen, K. (2008). Revealed conflicting preferences. Working paper, Harvard University.
Cherepanov, V., Feddersen, T., & Sandroni, A. (2009). Rationalization. Working paper, Northwestern University.
Davidson D. (1969) How is weakness of the will possible? In: Feinberg J. (ed.) Moral concepts. Oxford University Press, Oxford
Eliaz K., Ok E. (2006) Indifference or indecisiveness? Choice-theoretic foundations of incomplete preferences. Games and Economic Behavior 56(1): 61–86
Gul F., Pesendorfer W. (2001) Temptation and self-control. Econometrica 69(6): 1403–1435
Gul F., Pesendorfer W. (2004) Self-control and the theory of consumption. Econometrica 72(1): 119–158
Houya N., Tadenuma K. (2009) Lexicographic compositions of multiple criteria for decision making. Journal of Economic Theory 144(4): 1770–1782
Hubler J., Payne J., Puto C. (1982) Adding asymmetrically dominated alternatives: Violation of regularity and the similarity hypothesis. Journal of Consumer Research 9: 90–98
Manzini P., Mariotti M. (2007) Sequentially rationalizable choice. American Economic Review 97(5): 1824–1839
Manzini P., Mariotti M. (2009) Categorize then choose: Boundedly rational choice and welfare. University of London, Mimeo, Queen Mary
Masatlioglu, Y., Nakajima, D., & Ozbay, E. (2009). Revealed attention. Working paper, Brown University.
Mele A. (1987) Irrationality: An essay on akrasia, self-deception, and self-control. Oxford University Press, Oxford
Peijnenburg J. (2000) Akrasia, dispositions and degrees. Erkenntnis 53(3): 285–308
Rorty A. (1983) Akratic believers. American Philosophical Quarterly 20(2): 175–183
Salant Y., Rubinstein A. (2006) A model of choice from lists. Theoretical Economics 1: 3–17
Samuelson P. (1938) The empirical implications of utility analysis. Econometrica 6(4): 344–356
Taylor C. (1980) Plato, Hare and Davidson on akrasia. Mind 89: 499–518
About this article
Cite this article
Sandroni, A. Akrasia, instincts and revealed preferences. Synthese 181, 1–17 (2011). https://doi.org/10.1007/s11229-010-9761-z
- Revealed preferences