David Bourget (Western Ontario)
David Chalmers (ANU, NYU)
Rafael De Clercq
Jack Alan Reynolds
Learn more about PhilPapers
In Sabine Roeser, Rafaela Hillerbrand, Per Sandin & Martin Peterson (eds.), Handbook of Risk Theory. Springer (2012)
Some decisions result in cognitive consequences such as information gained and information lost. The focus of this study, however, is decisions with consequences that are partly or completely noncognitive. These decisions are typically referred to as ‘real-life decisions’. According to a common complaint, the challenges of real-life decision making cannot be met by decision theory. This complaint has at least two principal motives. One is the maximizing objection that to require agents to determine the optimal act under real-world constraints is unrealistic. The other is the precision objection that the numeric requirements for applying decision theory are overly demanding for real-life decisions. Responses to both objections are aired in the History section of this chapter. The maximizing objection is addressed with reference to work by Weirich and Pollock, while the precision objection is countered via a proposal by Kyburg and another by Gärdenfors and Sahlin. However, the Current Research section urges a different response to the precision objection by introducing a comparative version of decision theory. Drawing on Chu and Halpern’s notion of generalized expected utility, this version of decision theory permits many choices to be based on merely comparative plausibilities and utilities. Finally, the Further Research section undertakes an open-ended exploration of three of the assumptions upon which this form of decision theory (and many others) is based: transitivity, independence, and plausibilistic decision rules.
|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
John R. Welch (2013). New Tools for Theory Choice and Theory Diagosis. Studies in History and Philosophy of Science 44 (3):318-329.
John R. Welch (2014). Plausibilistic Coherence. Synthese 191 (10):2239-2253.
Similar books and articles
John R. Welch (2011). Decision Theory and Cognitive Choice. European Journal for Philosophy of Science 1 (2):147-172.
Paul Weirich (2004). Realistic Decision Theory: Rules for Nonideal Agents in Nonideal Circumstances. Oup Usa.
Berit Brogaard (1999). A Peircean Theory of Decision. Synthese 118 (3):383-401.
Dennis L. Krebs, Kathy Denton & Gillian Wark (1997). The Forms and Functions of Real‐Life Moral Decision‐Making. Journal of Moral Education 26 (2):131-145.
Noël Pauwels, Bartel van De Walle, Frank Hardeman & Karel Soudan (2000). The Implications of Irreversibility in Emergency Response Decisions. Theory and Decision 49 (1):25-51.
John L. Pollock, Against Optimality: Logical Foundations for Decision-Theoretic Planning in Autonomous Agents.
Nils O. Larsson (2000). Decision Settings Analysis Â a Tool for Analysis and Design of Human Activity Systems. Theory and Decision 49 (4):339-360.
Darren Bradley (2013). Decision Theory, Philosophical Perspectives. In Hal Pashler (ed.), Encyclopedia of the Mind. Sage.
Joe Mintoff (1999). Are Decisions Motive-Perpetuating? Analysis 59 (4):266–275.
Allison Barnes & Paul Thagard (1996). Emotional Decisions. In Garrison W. Cottrell (ed.), Proceedings of the Eighteenth Annual Conference of the Cognitive Science Society. Lawrence Erlbaum. 426--429.
Miquel Bastons (2008). The Role of Virtues in the Framing of Decisions. Journal of Business Ethics 78 (3):389 - 400.
John Cantwell (2010). On an Alleged Counter-Example to Causal Decision Theory. Synthese 173 (2):127 - 152.
Christopher J. G. Meacham (2010). Binding and its Consequences. Philosophical Studies 149 (1):49-71.
Shira Haviv & Patrick J. Leman (2002). Moral Decision-Making in Real Life: Factors Affecting Moral Orientation and Behaviour Justification. Journal of Moral Education 31 (2):121-140.
Added to index2011-04-26
Total downloads42 ( #47,658 of 1,410,535 )
Recent downloads (6 months)1 ( #178,988 of 1,410,535 )
How can I increase my downloads?