From “Wording Effect” to Interpretation Theory: Edwards, Tversky and Davidson

The “wording effect”, first mentioned by Ward Edwards, could be considered as one of the trickiest issues that challenges the expected utility theory. If for Edwards, this effect merely corresponds to a phrasing issue, other theorists, especially Amos Tversky and Donald Davidson, pointed out a probl...

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Published inOEconomia Vol. 6; no. 6-1; pp. 33 - 55
Main Author Harnay, Pôl-Vincent
Format Journal Article
LanguageEnglish
Published Association Œconomia 01.03.2016
Subjects
Davidson (Donald)
decision theory
Edwards (Ward)
interpretation theory
Tversky (Amos)
wording effect
Davidson (Donald)
Tversky (Amos)
wording effect
théorie de la décision
decision theory
Edwards (Ward)
effet de formulation
interpretation theory
théorie de l’interprétation
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Abstract The “wording effect”, first mentioned by Ward Edwards, could be considered as one of the trickiest issues that challenges the expected utility theory. If for Edwards, this effect merely corresponds to a phrasing issue, other theorists, especially Amos Tversky and Donald Davidson, pointed out a problem of interpretation that undermines decision theory. Tversky and Davidson offered two opposite answers to this problem, characterized by a singular conception of relations between economics and psychology.
AbstractList The “wording effect”, first mentioned by Ward Edwards, could be considered as one of the trickiest issues that challenges the expected utility theory. If for Edwards, this effect merely corresponds to a phrasing issue, other theorists, especially Amos Tversky and Donald Davidson, pointed out a problem of interpretation that undermines decision theory. Tversky and Davidson offered two opposite answers to this problem, characterized by a singular conception of relations between economics and psychology.
Author Harnay, Pôl-Vincent
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Cites_doi 10.1017/CBO9780511527494
10.1111/j.1746-8361.1973.tb00623.x
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10.1111/j.1746-8361.1984.tb01238.x
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Issue 6-1
Keywords Davidson (Donald)
Tversky (Amos)
wording effect
théorie de la décision
decision theory
Edwards (Ward)
effet de formulation
interpretation theory
théorie de l’interprétation
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SubjectTerms Davidson (Donald)
decision theory
Edwards (Ward)
interpretation theory
Tversky (Amos)
wording effect
Title From “Wording Effect” to Interpretation Theory: Edwards, Tversky and Davidson
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