David Bourget (Western Ontario)
David Chalmers (ANU, NYU)
Rafael De Clercq
Jack Alan Reynolds
Learn more about PhilPapers
Philosophy of Science 67 (3):13 (2000)
In The Logic of Decision Richard Jeffrey defends a version of expected utility theory that advises agents to choose acts with an eye to securing evidence for thinking that desirable results will ensue. Proponents of "causal" decision theory have argued that Jeffrey's account is inadequate because it fails to properly discriminate the causal features of acts from their merely evidential properties. Jeffrey's approach has also been criticized on the grounds that it makes it impossible to extract a unique probability/utility representation from a sufficiently rich system of preferences (given a zero and unit for measuring utility). The existence of these problems should not blind us to the fact that Jeffrey's system has advantages that no other decision theory can match: it can be underwritten by a particularly compelling representation theorem proved by Ethan Bolker; and it has a property called partition invariance that every reasonable theory of rational choice must possess. I shall argue that the non-uniqueness problem can be finessed, and that it is impossible to adequately formulate causal decision theory, or any other, without using Jeffrey's theory as one's basic analysis of rational desire
|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
Richard Jeffrey (1981). The Logic of Decision Defended. Synthese 48 (3):473 - 492.
Ellery Eells (1984). Causal Decision Theory. PSA: Proceedings of the Biennial Meeting of the Philosophy of Science Association 1984:177 - 200.
Michael J. Shaffer (2009). Decision Theory, Intelligent Planning and Counterfactuals. Minds and Machines 19 (1):61-92.
Richard Bradley (2000). Conditionals and the Logic of Decision. Philosophy of Science 67 (3):32.
John Cantwell (2010). On an Alleged Counter-Example to Causal Decision Theory. Synthese 173 (2):127 - 152.
Ethan D. Bolker (1967). A Simultaneous Axiomatization of Utility and Subjective Probability. Philosophy of Science 34 (4):333-340.
Ethan D. Bolker (2000). An Existence Theorem for the Logic of Decision. Philosophy of Science 67 (3):17.
James M. Joyce (2007). Are Newcomb Problems Really Decisions? Synthese 156 (3):537 - 562.
Reed Richter (1984). Rationality Revisited. Australasian Journal of Philosophy 62 (4):392 – 403.
Added to index2009-01-28
Total downloads50 ( #36,554 of 1,139,999 )
Recent downloads (6 months)2 ( #92,708 of 1,139,999 )
How can I increase my downloads?