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Rational Choice Using Imprecise Probabilities and Utilities
Paperback / softback
Main Details
| Title |
Rational Choice Using Imprecise Probabilities and Utilities
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| Authors and Contributors |
By (author) Paul Weirich
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| Series | Elements in Decision Theory and Philosophy |
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| Physical Properties |
| Format:Paperback / softback | | Pages:75 | | Dimensions(mm): Height 150,Width 230 |
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| Category/Genre | Philosophy
Philosophy - logic
Philosophy of science |
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| ISBN/Barcode |
9781108713504
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| Classifications | Dewey:302.13 |
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| Audience | | Professional & Vocational | |
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| Illustrations |
Worked examples or Exercises
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Publishing Details |
| Publisher |
Cambridge University Press
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| Imprint |
Cambridge University Press
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| Publication Date |
25 February 2021 |
| Publication Country |
United Kingdom
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Description
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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