247:, Sugden develops a contractarian approach to welfare economics that is based on opportunity sets and not individual preferences. The shift from preferences to opportunity is partly motivated by recent experimental work indicating that individuals lack well-defined preferences. In 2019,
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His work also deals with economic methods, in which he argues that economic models are not abstractions from, or simplifications of, the real world, but rather descriptions of imaginary worlds whose validity can only be inferred by how reasonable their predictions are.
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In his most cited work, Sugden explored how conventions of property, mutual aid, and voluntary supply of public goods can evolve spontaneously out of the interactions of self-interested individuals and can become moral norms.
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was awarded the Joseph B. Gittler Award for outstanding contribution in the field of the philosophy of the social sciences.
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The community of advantage: A behavioural economist's defense of the market
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The community of advantage: A behavioural economist's defense of the market
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Regret theory: An alternative theory of rational choice under uncertainty
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Regret theory: An alternative theory of rational choice under uncertainty
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Reciprocity: the supply of public goods through voluntary contributions
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Credible worlds: the status of theoretical models in economics
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Credible worlds: the status of theoretical models in economics
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404:(2000), Journal of Economic Methodology
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184:. Professor Sugden's research combines
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391:(1982), The Economic Journal
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