What are axiomatizations good for?

Springer Science and Business Media LLC - Tập 86 - Trang 339-359 - 2019
Itzhak Gilboa1,2, Andrew Postlewaite3, Larry Samuelson4, David Schmeidler5
1HEC Paris, Jouy-en-Josas, France
2Tel Aviv University Tel Aviv, Israel
3University of Pennsylvania, Philadelphia, USA
4Department of Economics, Yale University, New Haven, USA
5Tel-Aviv University, Tel-Aviv, Israel

Tóm tắt

Do axiomatic derivations advance positive economics? If economists are interested in predicting how people behave, without a pretense to change individual decision making, how can they benefit from representation theorems, which are no more than equivalence results? We address these questions. We propose several ways in which representation results can be useful and discuss their implications for axiomatic decision theory.

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