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March 13, 2026Studies in History and Philosophy of Science Part A0 citationsOpen Access

The precision fallacy: On the futility of preference purification

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JTJohanna Thoma

Key Points

  • This research critiques the assumption that precise preferences can be imposed for evaluating welfare in an economic context.
  • Critical analysis of existing theories of choice in economics
  • Philosophical examination of preference purification
  • Discussion of the implications for welfare measurements
  • Identified the fallacy in assuming normative correctness of precise preferences
  • Demonstrated that fuzzy agents' welfare remains undetermined without specific preferences
  • Highlighted the impact of this fallacy on behavioural welfare economics

Abstract

The standard theory of choice in economics involves modelling human agents as if they had precise attitudes when in fact they are often fuzzy. For the normative purposes of welfare economics, it might be thought that the imposition of a precise framework is nevertheless well justified: If we think the standard theory is normatively correct, and therefore that agents ought to be in this sense precise, then doesn’t it follow that their true welfare can be measured precisely? I will argue that this thought, central to the preference purification project in behavioural welfare economics, commits a fallacy. The standard theory requires agents to adopt precise preferences; but neither the theory nor a fuzzy agent’s initial attitudes may determine a particular way in which she ought to precisify them. So before actually having precisified her preferences, the welfare of fuzzy agents may remain indeterminate. I go on to consider the implications of this fallacy for welfare economics.

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Cite This Study

Johanna Thoma (2026) studied this question.

synapsesocial.com/papers/69b3ab2902a1e69014ccbc94https://doi.org/10.1016/j.shpsa.2026.102131
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