Reasons, rationality and choice

Project leader: Christian List

Standard decision theory (as familiar from economics and the social sciences) provides, at most, a simplified account of individual decision-making.

Jointly with Franz Dietrich (CNRS), Christian List is developing a "reason-based" approach to the theory of individual choice which (i) improves upon standard decision theory in both its idealized, "classical" and its psychologically informed, "behavioural" variants; (ii) is widely applicable; and (iii) provides an explicit model of the reasons behind choices.

This work has been supported by the Leverhulme Trust through a Leverhulme Major Research Fellowship.

Further information about this project is available on Christian List's website.