Savage's response to Allais as Broomean reasoning

URL des Documents de travail : https://centredeconomiesorbonne.cnrs.fr/publications/ Voir aussi l'article basé sur ce document de travail paru dans "Journal of Economic Methodology, Taylor & Francis (Routledge), 2021, 28 (2), pp.143-164. Documents de travail du Centre d'Economie de la Sorbonne 2020.16 - ISSN : 1955-611X International audience Leonard Savage famously contravened his own theory when first confronting the Allais Paradox, but then convinced himself that the had made an error. We examine the formal structure of Savage's ‘error-correcting’ reasoning in the light of (i) behavioural economists' claims to identify the latent preferences of individuals who violate conventional rationality requirements and (ii) John Broome's critique of arguments which presuppose that rationality requirements can be achieved through reasoning. We argue that Savage's reasoning is not vulnerable to Broome's critique, but does not provide support for the view that behavioural scientists can identify and counteract errors in people's choices.