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portada Rational Choice Using Imprecise Probabilities and Utilities (Elements in Decision Theory and Philosophy)
Type
Physical Book
Author
Publisher
Year
2021
Language
English
Pages
82
Format
Paperback
Dimensions
22.9x15.2x0.4 cm
Weight
0.12 kg.
ISBN13
9781108713504
Categories

Rational Choice Using Imprecise Probabilities and Utilities (Elements in Decision Theory and Philosophy)

Paul Weirich (Author) · Cambridge University Press · Paperback

Rational Choice Using Imprecise Probabilities and Utilities (Elements in Decision Theory and Philosophy) - Weirich, Paul

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Synopsis "Rational Choice Using Imprecise Probabilities and Utilities (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.

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