tag:blogger.com,1999:blog-1089082204850170942.post6662661384454737408..comments2024-03-21T12:52:08.166+11:00Comments on Freedom and Flourishing: Do well-being surveys measure utility?Winton Bateshttp://www.blogger.com/profile/07383561940886657594noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-1089082204850170942.post-42033574492849902712011-04-03T13:39:51.753+10:002011-04-03T13:39:51.753+10:00Thanks Lance. You raise an interesting point.
My...Thanks Lance. You raise an interesting point.<br /> <br />My defence is that I was just using economic rationality and utility maximization as a metaphor to suggest that seemingly irrational behaviours can, in fact, be rational. I think this is a useful thought experiment even though this robotic rationality of rational economic man does not have a great deal to do with actual human behaviour. I discussed some of the issues <br /><a href="http://wintonbates.blogspot.com/2010/06/how-bounded-is-rationality.html" rel="nofollow">here</a>. <br /><br />I agree with you that information from surveys and market behaviour are both relevant in considering why people do what they do. I think identity economics may make a useful contribution in bringing into account some of the relevant socio-cultural factors.Winton Bateshttps://www.blogger.com/profile/07383561940886657594noreply@blogger.comtag:blogger.com,1999:blog-1089082204850170942.post-28745400036470504582011-04-03T02:51:32.505+11:002011-04-03T02:51:32.505+11:00Good essay- but I think you might have ignored the...Good essay- but I think you might have ignored the mistakes in rational choice theory such as the soci-cultural context and altruistic behavior. When survey and market behavior are studied tandem, they can make a fuller picture of "utility"Lancehttps://www.blogger.com/profile/05648202182604997668noreply@blogger.com