Rational Choice Using Imprecise Probabilities and Utilities

Erscheinungsjahr 2021
ISBN: 978-1-108-71350-4
Verlag: Cambridge University Press

Buch, Englisch, 75 Seiten, Format (B × H): 152 mm x 229 mm, Gewicht: 122 g

Reihe: Elements in Decision Theory and Philosophy

An agent often does not have precise probabilities or utilities to guide resolution of a decision problem. I advance a principle of rationality for making decisions in such cases. To begin, I represent the doxastic and conative state of an agent with a set of pairs of a probability assignment and a utility assignment. Then I support a decision principle that allows any act that maximizes expected utility according to some pair of assignments in the set. Assuming that computation of an option's expected utility uses comprehensive possible outcomes that include the option's risk, no consideration supports a stricter requirement.

Autoren/Hrsg.

Weirich, Paul

Fachgebiete

• Interdisziplinäres Wissenschaften Wissenschaften: Forschung und Information Datenanalyse, Datenverarbeitung
• Geisteswissenschaften Philosophie Philosophische Logik, Argumentationstheorie
• Geisteswissenschaften Philosophie Wissenschaftstheorie, Wissenschaftsphilosophie

Inhaltsverzeichnis

1. Introduction; 2. Imprecision; 3. Rational imprecision; 4. Probabilism; 5. The expected-utility principle; 6. Norms for imprecise attitudes; 7. The permissive principle of choice; 8. Sequences of choices; 9. Choices in games of strategy; 10. Conclusion.