A Foundation for Universalisation in Games

Enrico Mattia Salonia

No 24-1586, TSE Working Papers from Toulouse School of Economics (TSE)

Abstract: Revealed preference theory equates choices with preferences over the consequences these choices induce. Nevertheless, if a decision criterion prescribes an act for reasons unrelated to its consequences, the inference drawn regarding preferences can be misleading. I study the behaviour of non-consequentialist individuals who have preferences for universalisation. They choose the action that, in a counterfactual scenario where it is also chosen by everyone else, leads to their preferred consequences. I develop a model for individuals who value their choices in light of the counterfactual consequences they induce. Choices are interpreted as revealing a preference for counterfactual consequences. I impose axioms to single out the most prominent models of universalisation, compare them, highlight and arguably overcome their limitations. I propose a unifying model of universalisation inspired by the equal sacrifice principle.

Date: 2024-10
New Economics Papers: this item is included in nep-dcm, nep-gth and nep-mic
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