The Belief-Desire Model of Decision Theory Needs a Third Component: Prospective Intentions

  • J. Nicolas Kaufmann
Part of the Boston Studies in the Philosophy of Science book series (BSPS, volume 178)


The purpose of the paper is to make a contribution, from the point of view of the analytical philosophy of action, to a critical evaluation of the standard model of rational choice, i.e. the model of expected utility maximization. This model is actually confronted with serious difficulties. The one I will take up is a problem raised by the economist Strotz in his seminal paper on «Myopia and Inconsistency in Dynamic Utility Maximization» (1955/56), developed by Machina (1989) and more recently by McClennen (1990).


Separability Condition Expected Utility Maximization Dynamic Consistency Independence Axiom Dynamic Choice 
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Copyright information

© Kluwer Academic Publishers 1996

Authors and Affiliations

  • J. Nicolas Kaufmann
    • 1
  1. 1.Université du Québec à Trois-RivièresCanada

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