David Bourget (Western Ontario)
David Chalmers (ANU, NYU)
Rafael De Clercq
Jack Alan Reynolds
Learn more about PhilPapers
Philosophy of Science 50 (3):398-412 (1983)
For Savage (1954) as for de Finetti (1974), the existence of subjective (personal) probability is a consequence of the normative theory of preference. (De Finetti achieves the reduction of belief to desire with his generalized Dutch-Book argument for Previsions.) Both Savage and de Finetti rebel against legislating countable additivity for subjective probability. They require merely that probability be finitely additive. Simultaneously, they insist that their theories of preference are weak, accommodating all but self-defeating desires. In this paper we dispute these claims by showing that the following three cannot simultaneously hold: (i) Coherent belief is reducible to rational preference, i.e. the generalized Dutch-Book argument fixes standards of coherence. (ii) Finitely additive probability is coherent. (iii) Admissible preference structures may be free of consequences, i.e. they may lack prizes whose values are robust against all contingencies
|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
A. Hajek (2008). Arguments for-or Against-Probabilism? British Journal for the Philosophy of Science 59 (4):793-819.
Teddy Seidenfeld (1988). Decision Theory Without “Independence” or Without “Ordering”. Economics and Philosophy 4 (02):267-.
Dilip B. Madan & J. C. Owings (1988). Decision Theory with Complex Uncertainties. Synthese 75 (1):25 - 44.
Similar books and articles
Alan Hájek (2005). Scotching Dutch Books? Philosophical Perspectives 19 (1):139–151.
Paul Bartha (2004). Countable Additivity and the de Finetti Lottery. British Journal for the Philosophy of Science 55 (2):301-321.
Colin Howson (2008). De Finetti, Countable Additivity, Consistency and Coherence. British Journal for the Philosophy of Science 59 (1):1-23.
Wei Xiong (2011). Implications of the Dutch Book: Following Ramsey’s Axioms. Frontiers of Philosophy in China 6 (2):334-344.
Teddy Seidenfeld, Mark Schervish & Joseph Kadane, When Coherent Preferences May Not Preserve Indifference Between Equivalent Random Variables: A Price for Unbounded Utilities.
Teddy Seidenfeld, Remarks on the Theory of Conditional Probability: Some Issues of Finite Versus Countable Additivity.
Brad Armendt (1980). Is There a Dutch Book Argument for Probability Kinematics? Philosophy of Science 47 (4):583-588.
Colin Howson (1992). Dutch Book Arguments and Consistency. PSA: Proceedings of the Biennial Meeting of the Philosophy of Science Association 1992:161 - 168.
C. Waidacher (1997). Hidden Assumptions in the Dutch Book Argument. Theory and Decision 43 (3):293-312.
J. Williamson (1999). Countable Additivity and Subjective Probability. British Journal for the Philosophy of Science 50 (3):401-416.
Added to index2009-01-28
Total downloads13 ( #127,219 of 1,101,802 )
Recent downloads (6 months)5 ( #68,160 of 1,101,802 )
How can I increase my downloads?