David Bourget (Western Ontario)
David Chalmers (ANU, NYU)
Rafael De Clercq
Jack Alan Reynolds
Learn more about PhilPapers
Mind 115 (459):703 - 720 (2006)
This paper revisits the Pasadena game (Nover and Háyek 2004), a St Petersburg-like game whose expectation is undefined. We discuss serveral respects in which the Pasadena game is even more troublesome for decision theory than the St Petersburg game. Colyvan (2006) argues that the decision problem of whether or not to play the Pasadena game is ‘ill-posed’. He goes on to advocate a ‘pluralism’ regarding decision rules, which embraces dominance reasoning as well as maximizing expected utility. We rebut Colyvan’s argument, offering several considerations in favour of the Pasadena decision problem being well posed. To be sure, current decision theory, which is underpinned by various preference axioms, leaves indeterminate how one should value the Pasadena game. But we suggest that determinacy might be achieved by adding further preference axioms. We conclude by opening the door to a far greater plurality of decision rules. We suggest how the goal of unifying these rules might guide future research.
|Keywords||No keywords specified (fix it)|
|Categories||categorize this paper)|
Setup an account with your affiliations in order to access resources via your University's proxy server
Configure custom proxy (use this if your affiliation does not provide a proxy)
|Through your library|
References found in this work BETA
No references found.
Citations of this work BETA
No citations found.
Similar books and articles
Mark Colyvan (2006). No Expectations. Mind 115 (459):695-702.
Alan Baker (2007). Putting Expectations in Order. Philosophy of Science 74 (5):692-700.
Mark Colyvan (2008). Relative Expectation Theory. Journal of Philosophy 105 (1):37-44.
Kenny Easwaran (2008). Strong and Weak Expectations. Mind 117 (467):633-641.
Harris Nover & Alan Hájek (2004). Vexing Expectations. Mind 113 (450):237-249.
J. McKenzie Alexander (2011). Expectations and Choiceworthiness. Mind 120 (479):803-817.
Terrence L. Fine (2008). Evaluating the Pasadena, Altadena, and St Petersburg Gambles. Mind 117 (467):613-632.
Alan Hájek & Harris Nover (2008). Complex Expectations. Mind 117 (467):643 - 664.
Harris Nover & Alan Hájek (2008). Complex Expectations. Mind 117 (467):643 - 664.
Alan Hájek & Michael Smithson (2012). Rationality and Indeterminate Probabilities. Synthese 187 (1):33-48.
Added to index2009-01-28
Total downloads29 ( #59,116 of 1,099,028 )
Recent downloads (6 months)8 ( #27,186 of 1,099,028 )
How can I increase my downloads?