Abstracts

We describe a decision making paradigm in the practice framework of Andrikopoulos, Rodionova and Webber(2013). Decisions are found to fall into three qualitatively different categories: lifestyle, practice based, and ethical decisions. Lifestyle decisions are made by individuals to determine their membership and engagement with practices; practice based decisions are made within practices in accordance with the practice's good; ethical decisions are made by individuals to select a good to use to take an underlying decision. Economic decisions are practice based decisions taken in accordance with a particular economic practice. Group decision making is found to be able to create goods not previously used in the society. The framework is quantitative and open to econometric testing. Illustrations are presented and discussed and a simulation example is presented.