Change in the Decision Sciences

A common type of change in science occurs as theorists generalize a model of a phenomenon by removing some idealizations of the model. This type of change occurs in the decision sciences and also in the normative branch of the decision sciences that treats rational choice. After presenting a general account of model generalization, the paper illustrates generalization of models in normative decision theory. The principal illustration generalizes a standard model of rational choice by removing the idealization that deliberation has no cost