Mind 117 (467):643 - 664 (2008)
|Abstract||In our 2004, we introduced two games in the spirit of the St Petersburg game, the Pasadena and Altadena games. As these latter games lack an expectation, we argued that they pose a paradox for decision theory. Terrence Fine has shown that any finite valuations for the Pasadena, Altadena, and St Petersburg games are consistent with the standard decision-theoretic axioms. In particular, one can value the Pasadena game above the other two, a result that conflicts with both our intuitions and dominance reasoning. We argue that this result, far from resolving the Pasadena paradox, should serve as a reductio of the standard theory, and we consequently make a plea for new axioms for a revised theory. We also discuss a proposal by Kenny Easwaran that a gamble should be valued according to its 'weak expectation', a generalization of the usual notion of expectation|
|Keywords||No keywords specified (fix it)|
|Categories||categorize this paper)|
|Through your library||Configure|
Similar books and articles
Mark Colyvan (2006). No Expectations. Mind 115 (459):695-702.
Mark Colyvan (2008). Relative Expectation Theory. Journal of Philosophy 105 (1):37-44.
J. Sprenger & R. Heesen (2011). The Bounded Strength of Weak Expectations. Mind 120 (479):819-832.
Harris Nover & Alan Hájek (2004). Vexing Expectations. Mind 113 (450):237-249.
J. McKenzie Alexander (2011). Expectations and Choiceworthiness. Mind 120 (479):803-817.
Alan Hájek & Harris Nover (2006). Perplexing Expectations. Mind 115 (459):703 - 720.
Kenny Easwaran (2008). Strong and Weak Expectations. Mind 117 (467):633-641.
Terrence L. Fine (2008). Evaluating the Pasadena, Altadena, and St Petersburg Gambles. Mind 117 (467):613-632.
Harris Nover & Alan Hájek (2008). Complex Expectations. Mind 117 (467):643 - 664.
Alan Baker (2007). Putting Expectations in Order. Philosophy of Science 74 (5):692-700.
Added to index2009-01-28
Total downloads18 ( #74,513 of 722,867 )
Recent downloads (6 months)1 ( #60,917 of 722,867 )
How can I increase my downloads?