Rational Choice Using Imprecise Probabilities and Utilities by Paul Weirich

Rational Choice Using Imprecise Probabilities and Utilities by Paul Weirich

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.

SKU	Unavailable
ISBN 13	9781108713504
ISBN 10	1108713505
Title	Rational Choice Using Imprecise Probabilities and Utilities
Author	Paul Weirich
Series	Elements In Decision Theory And Philosophy
Condition	Unavailable
Binding Type	Paperback
Publisher	Cambridge University Press
Year published	2021-02-25
Number of pages	75
Cover note	Book picture is for illustrative purposes only, actual binding, cover or edition may vary.