The challenge of akrasia for the theory of rational choice

The challenge of akrasia for the theory of rational choice The phenomenon of akrasia, in which an actor makes a choice she regrets even while choosing it, appears problematic for theories of rational choice, which assume that an agent prefers any chosen course of action. The apparent possibility of akratic action presents a challenge to rational choice theorists, either to demonstrate that it is illusory or to show that akratic action does not violate the axioms of rational choice. The problematic status of akrasia is exhibited most sharply when set against the backdrop of praxeology. Therefore, this paper will explore whether the idea of akratic action can be reconciled with the fundamental principles of praxeology. The Review of Austrian Economics Springer Journals

The challenge of akrasia for the theory of rational choice

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Springer US
Copyright © 2008 by Springer Science+Business Media, LLC
Economics; Public Finance; Political Science; History of Economic Thought/Methodology
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  • The two faces of Akratics anonymous
    Bovens, L.

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