Projects per year
Abstract
There are decision problems where the preferences that seem rational to many people cannot be accommodated within orthodox decision theory in the natural way. In response, a number of alternatives to the orthodoxy have been proposed. In this paper, I offer an argument against those alternatives and in favour of the orthodoxy. I focus on preferences that seem to encode sensitivity to risk. And I focus on the alternative to the orthodoxy proposed by Lara Buchaks risk-weighted expected utility theory. I will show that the orthodoxy can be made to accommodate all of the preferences that Buchaks theory can accommodate.
Original language | English |
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Pages (from-to) | 798-826 |
Number of pages | 29 |
Journal | Canadian Journal of Philosophy |
Volume | 45 |
Issue number | 5-6 |
Early online date | 8 Jan 2016 |
DOIs | |
Publication status | Published - Jun 2016 |
Keywords
- accuracy
- decision theory
- expected utility theory
- rational choice theory
- Risk
- scoring rules
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Dive into the research topics of 'Risk, rationality and expected utility theory'. Together they form a unique fingerprint.Projects
- 1 Finished
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EUT: Epistemic Utility Theory: Foundations and Applications
Pettigrew, R. G. (Principal Investigator)
1/01/13 → 1/01/17
Project: Research