Counterexamples are constructed for the theory of rational choice that results from a direct application of classical decision theory to ordinary actions. These counterexamples turn on the fact that an agent may be unable to perform an action, and may even be unable to try to perform an action. An alternative theory of rational choice is proposed that evaluates actions using a more complex measure, and then it is shown that this is equivalent to applying classical decision theory to "conditional (...) policies" rather than ordinary actions. (shrink)

Counterexamples are constructed for classical decision theory, turning on the fact that actions must often be chosen in groups rather than individually, i.e., the objects of rational choice are plans. It is argued that there is no way to define optimality for plans that makes the finding of optimal plans the desideratum of rational decision-making. An alternative called “locally global planning” is proposed as a replacement for classical decision theory. Decision-making becomes a non-terminating process without a precise target rather than (...) a terminating search for an optimal solution. (shrink)

Practical reasoning aims at deciding what actions to perform in light of the goals a rational agent possesses. This has been a topic of interest in both philosophy and artificial intelligence, but these two disciplines have produced very different models of practical reasoning. The purpose of this paper is to examine each model in light of the other and produce a unified model adequate for the purposes of both disciplines and superior to the standard models employed by either.The philosophical (decision-theoretic) (...) model directs activity by evaluating acts one at a time in terms of their expected utilities. It is argued that, except in certain special cases, this constitutes an inadequate theory of practical reasoning leading to intuitively incorrect action prescriptions. Acts must be viewed as parts of plans, and plans evaluated as coherent units rather than piecemenal in terms of the acts comprising them. Rationality dictates choosing acts by first choosing the plans prescribing them. Plans, in turn, are compared by looking at their expected values. However, because plans can be embedded in one another, we cannot select plans just by maximizing expected values. Instead, we must employ a more complex criterion here named coextendability. (shrink)

Examples growing out of the Newcomb problem have convinced many people that decision theory should proceed in terms of some kind of causal probability. I endorse this view and define and investigate a variety of causal probability. My definition is related to Skyrms' definition, but proceeds in terms of objective probabilities rather than subjective probabilities and avoids taking causal dependence as a primitive concept.

Newcomb's problem and similar cases show the need to incorporate causal distinctions into the theory of rational decision; the usual noncausal decision theory, though simpler, does not always give the right answers. I give my own version of causal decision theory, compare it with versions offered by several other authors, and suggest that the versions have more in common than meets the eye.

This book defends the view that any adequate account of rational decision making must take a decision maker's beliefs about causal relations into account. The early chapters of the book introduce the non-specialist to the rudiments of expected utility theory. The major technical advance offered by the book is a 'representation theorem' that shows that both causal decision theory and its main rival, Richard Jeffrey's logic of decision, are both instances of a more general conditional decision theory. The book solves (...) a long-standing problem for Jeffrey's theory by showing for the first time how to obtain a unique utility and probability representation for preferences and judgements of comparative likelihood. The book also contains a major new discussion of what it means to suppose that some event occurs or that some proposition is true. The most complete and robust defence of causal decision theory available. (shrink)

In past years, the traditional Bayesian theory of rational decision making, based on subjective calculations of expected utility, has faced powerful attack from philosophers such as David Lewis and Brian Skyrms, who advance an alternative causal decision theory. The test they present for the Bayesian is exemplified in the decision problem known as 'Newcomb's paradox' and in related decision problems and is held to support the prescriptions of the causal theory. As well as his conclusions, the concepts and methods of (...) Professor Eells introduces in the course of his analyses have extensive implications, not solely for probability theorists narrowly conceived, but for economists, statisticians and psychologists concerned with decision making and the employment of Bayesian principles. They and their students will, in addition, find the early chapters of great use as a background and introduction to the subject as a whole. (shrink)

Classic analysis of the subject and the development of personal probability; one of the greatest controversies in modern statistcal thought.

"A sequel to Pollock's How to Build a Person, this volume builds upon that theoretical groundwork for the implementation of rationality through artificial ...

Pollock argues that theories of ideal rationality are largely irrelevant to the decision making of real agents. Thinking about Acting aims to provide a theory of "real rationality.".