Taking Chances: Essays on Rational Choice

Taking Chances: Essays on Rational Choice
ISBN-10
0521416353
ISBN-13
9780521416351
Series
Taking Chances
Category
Philosophy
Pages
376
Language
English
Published
1994-04-29
Publisher
Cambridge University Press
Author
Jordan Howard Sobel

Description

Jordan Howard Sobel has long been recognized as an important figure in philosophical discussions of rational decision. He has done much to help formulate the concept of causal decision theory. In this volume of essays, Sobel explores the Bayesian idea that rational actions maximize expected values, where an actions's expected value is a weighted average of its agent's values for its possible total outcomes. Newcomb Problems and the Prisoners' Dilemma are discussed, and Allais-type puzzles are viewed from the perspective of causal world Bayesianism. The author establishes principles for distinguishing options in decision problems, and studies ways in which perfectly rational causal maximizers can be capable of resolute choices. Several of the essays concern games, with interacting ideally rational and well-informed maximizing rationality. Sobel also views critically David Gauthier's revisionist ideas about maximizing rationality.

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