Salience, inductive reasoning and the emergence of conventions

B-Tier
Journal: Journal of Economic Behavior and Organization
Year: 2011
Volume: 79
Issue: 1
Pages: 35-47

Score contribution per author:

2.011 = (α=2.01 / 1 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

This paper develops Lewis's theory of conventions to show that the spontaneous emergence of conventions depends on shared conceptions of salience. It offers a reconstruction of a mode of reasoning that is compatible with the emergence of conventions, and argues that such reasoning is pragmatically rational. This is a form of non-Bayesian inductive reasoning in which an individual's private and subjective conceptions of salience can influence the inferences she makes. This mode of reasoning is then shown to be pragmatically rational in a more general sense, relevant to problems of induction discussed in the philosophy of science.

Technical Details

RePEc Handle
repec:eee:jeborg:v:79:y:2011:i:1:p:35-47
Journal Field
Theory
Author Count
1
Added to Database
2026-01-29