Section 3.3 discusses examples where expected utility theory permits preferences that seem irrational.
Even if the process is actually carried out, there are places, e.g. in choice of experts whose advice is sought, which permit individual preferences to subvert or bias the preferences of the whole (Roth 2003).
While both the one-night and weekend options have their pros and cons, when budgets permit, my preference has turned to the bachelorette weekend in a fun destination or coinciding with a spectacular event in recent years.
Overall participants indicated that, when time permitted, their preference of use, in descending order, was: professional interpreters (first choice), then the language line and finally other hospital staff or family members.
Diversity was the sole justification under which the late Justice Lewis F. Powell Jr., in his decision in the Bakke case, would permit the racial preferences that affirmative action entails.
Social preferences permit us to compare allocations in terms of forgiveness and responsibility for any economy.
However, strong substantive theories that place direct constraints on the contents of the preferences permitted for autonomous agents are constitutively relational because, on strong substantive theories, external conditions are necessary conditions of autonomy (see §8).
Finally, we show that when indifferences between objects are permitted in agent preferences, it is impossible to satisfy all three properties even in the standard setting of "house" allocation in which all object supplies are 1.
"It's going to permit racial and ethnic preferences but only if done in a nontransparent way," he said.
So-called "world Bayesian" versions of decision theory, such as Richard Jeffrey's (1983) do not impose an instrumental conception of rationality, since they permit agents to have preferences over their own actions.
