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  1. Savage’s Response to Allais as Broomean Reasoning.Franz Dietrich, Antonios Staras & Robert Sugden - 2020 - Journal of Economic Methodology 28 (2).
    Savage famously contravened his own theory when first confronting the Allais Paradox, but then convinced himself that he had made an error. We examine the formal structure of Savage’s ‘error-correcting’ reasoning in the light of (i) behavioural economists’ claims to identify the latent preferences of individuals who violate conventional rationality requirements and (ii) Broome’s critique of arguments which presuppose that rationality requirements can be achieved through reasoning. We argue that Savage’s reasoning is not vulnerable to Broome’s critique, but does not (...)
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  2. Radical Interpretation and Decision Theory.Anandi Hattiangadi & H. Orri Stefánsson - forthcoming - Synthese:1-22.
    This paper takes issue with an influential interpretationist argument for physicalism about intentionality based on the possibility of radical interpretation. The interpretationist defends the physicalist thesis that the intentional truths supervene on the physical truths by arguing that it is possible for a radical interpreter, who knows all of the physical truths, to work out the intentional truths about what an arbitrary agent believes, desires, and means without recourse to any further empirical information. One of the most compelling arguments for (...)
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  3. Rationality, Preference Satisfaction and Anomalous Intentions: Why Rational Choice Theory is Not Self-Defeating.Roberto Fumagalli - forthcoming - Theory and Decision.
    The critics of rational choice theory (henceforth, RCT) frequently claim that RCT is self-defeating in the sense that agents who abide by RCT’s prescriptions are less successful in satisfying their preferences than they would be if they abided by some normative theory of choice other than RCT. In this paper, I combine insights from philosophy of action, philosophy of mind and the normative foundations of RCT to rebut this often-made criticism. I then explicate the implications of my thesis for the (...)
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  4. Fully Bayesian Aggregation.Franz Dietrich - forthcoming - Journal of Economic Theory.
    Can a group be an orthodox rational agent? This requires the group's aggregate preferences to follow expected utility (static rationality) and to evolve by Bayesian updating (dynamic rationality). Group rationality is possible, but the only preference aggregation rules which achieve it (and are minimally Paretian and continuous) are the linear-geometric rules, which combine individual values linearly and combine individual beliefs geometrically. Linear-geometric preference aggregation contrasts with classic linear-linear preference aggregation, which combines both values and beliefs linearly, but achieves only static (...)
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  5. Instrumental Rationality Without Separability.Johanna Thoma - 2018 - Erkenntnis 85 (5):1219-1240.
    This paper argues that instrumental rationality is more permissive than expected utility theory. The most compelling instrumentalist argument in favour of separability, its core requirement, is that agents with non-separable preferences end up badly off by their own lights in some dynamic choice problems. I argue that once we focus on the question of whether agents’ attitudes to uncertain prospects help define their ends in their own right, or instead only assign instrumental value in virtue of the outcomes they may (...)
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  6. Expected Value Under Normative Uncertainty.Franz Dietrich & Brian Jabarian - manuscript
    Maximising expected value is the classic doctrine in choice theory under empirical uncertainty, and a prominent proposal in the emerging philosophical literature on normative uncertainty, i.e., uncertainty about values. But how should Expectationalism be stated in general, when we can face both uncertainties simultaneously, as is common in life? Surprisingly, different possibilities arise, ranging from Ex-Ante to Ex-Post Expectationalism, with several hybrid versions. Expectationalism thus faces the classic dilemma between ex-ante and ex-post approaches. Different expectational theories reach diverging evaluations, use (...)
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  7. Expected utility theory, Jeffrey’s decision theory, and the paradoxes.Philippe Mongin & Jean Baccelli - forthcoming - Synthese:1-19.
    In Richard Bradley's book, Decision Theory with a Human Face (2017), we have selected two themes for discussion. The first is the Bolker-Jeffrey (BJ) theory of decision, which the book uses throughout as a tool to reorganize the whole field of decision theory, and in particular to evaluate the extent to which expected utility (EU) theories may be normatively too demanding. The second theme is the redefinition strategy that can be used to defend EU theories against the Allais and Ellsberg (...)
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  8. Value and Choice Some Common Themes in Decision Theory and Moral Philosophy.Wlodek Rabinowicz (ed.) - 2000 - Lund Universitetstrycheriet.
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  9. Epistemic Decision Theory's Reckoning.Conor Mayo-Wilson & Gregory Wheeler - manuscript
    Epistemic decision theory (EDT) employs the mathematical tools of rational choice theory to justify epistemic norms, including probabilism, conditionalization, and the Principal Principle, among others. Practitioners of EDT endorse two theses: (1) epistemic value is distinct from subjective preference, and (2) belief and epistemic value can be numerically quantified. We argue the first thesis, which we call epistemic puritanism, undermines the second.
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  10. Don’T Look Now.Bernhard Salow & Arif Ahmed - 2019 - British Journal for the Philosophy of Science 70 (2):327-350.
    Good’s theorem is the apparent platitude that it is always rational to ‘look before you leap’: to gather information before making a decision when doing so is free. We argue that Good’s theorem is not platitudinous and may be false. And we argue that the correct advice is rather to ‘make your act depend on the answer to a question’. Looking before you leap is rational when, but only when, it is a way to do this.
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  11. Risk Aversion and the Long Run.Johanna Thoma - 2018 - Ethics 129 (2):230-253.
    This article argues that Lara Buchak’s risk-weighted expected utility theory fails to offer a true alternative to expected utility theory. Under commonly held assumptions about dynamic choice and the framing of decision problems, rational agents are guided by their attitudes to temporally extended courses of action. If so, REU theory makes approximately the same recommendations as expected utility theory. Being more permissive about dynamic choice or framing, however, undermines the theory’s claim to capturing a steady choice disposition in the face (...)
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  12. Moral Priorities Under Risk.Chad Lee-Stronach - 2018 - Canadian Journal of Philosophy 48 (6):793-811.
    Many moral theories are committed to the idea that some kinds of moral considerations should be respected, whatever the cost to ‘lesser’ types of considerations. A person's life, for instance, should not be sacrificed for the trivial pleasures of others, no matter how many would benefit. However, according to the decision-theoretic critique of lexical priority theories, accepting lexical priorities inevitably leads us to make unacceptable decisions in risky situations. It seems that to operate in a risky world, we must reject (...)
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  13. Advice for the Steady: Decision Theory and the Requirements of Instrumental Rationality.Johanna Thoma - 2017 - Dissertation,
    Standard decision theory, or rational choice theory, is often interpreted to be a theory of instrumental rationality. This dissertation argues, however, that the core requirements of orthodox decision theory cannot be defended as general requirements of instrumental rationality. Instead, I argue that these requirements can only be instrumentally justified to agents who have a desire to have choice dispositions that are stable over time and across different choice contexts. Past attempts at making instrumentalist arguments for the core requirements of decision (...)
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  14. Simon, Stigler et les théories de la rationalité limitée.Philippe Mongin - 1986 - Social Science Information 25 (3):555-606.
    This article reviews Herbert Simon's theory of bounded rationality, with a view of deemphasizing his "satisficing" model, and by contrast, of emphasizing his distinction between "procedural" and "substantive" rationality. The article also discusses a possible move from neo-classical economists to respond to Simon's criticisms, i.e., a reduction of bounded rationality to a special case of second-optimization, using Stigler's search theory. This move is eventually dismissed.
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  15. Decision Theory with a Human Face: An Interview with Richard Bradley.Ewan Rodgers - 2016 - Lse Philosophy Blog.
    Richard Bradley’s written a new book about decision theory. We decided to ask him some questions about it.
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  16. Why Decision Theory Remains Constructively Incomplete.Luc Lauwers - 2016 - Mind 125 (500):1033-1043.
    The existence of a transitive, complete, and weakly independent relation on the full set of gambles implies the existence of a non-Ramsey set. Therefore, each transitive and weakly independent relation on the set of gambles either is incomplete or does not have an explicit description. Whatever tools decision theory makes available, there will always be decision problems where these tools fail us. In this sense, decision theory remains incomplete.
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  17. Decision Theory as Philosophy.Mark Kaplan - 1996 - Cambridge University Press.
    Is Bayesian decision theory a panacea for many of the problems in epistemology and the philosophy of science, or is it philosophical snake-oil? For years a debate had been waged amongst specialists regarding the import and legitimacy of this body of theory. Mark Kaplan had written the first accessible and non-technical book to address this controversy. Introducing a new variant on Bayesian decision theory the author offers a compelling case that, while no panacea, decision theory does in fact have the (...)
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  18. Accounting for Framing-Effects - an Informational Approach to Intensionality in the Bolker-Jeffrey Decision Model.Sacha Bourgeois-Gironde & Raphaël Giraud - unknown
    We suscribe to an account of framing-effects in decision theory in terms of an inference to a background informationa by the hearer when a speaker uses a certain frame while other equivalent frames were also available. This account was sketched by Craig McKenzie. We embed it in Bolker-Jeffrey decision model - one main reason of this is that this latter model makes preferences bear on propositions. We can deduce a given anomaly or cognitive bias in a formal decision theory. This (...)
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  19. Decision Theory, the Pigeon, and the Psychophysical Function.C. Alan Boneau & James L. Cole - 1967 - Psychological Review 74 (2):123-135.
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  20. Making Choices: A Recasting of Decision Theory.Frederic Schick - 1997 - Cambridge University Press.
    This book, first published in 1997, is an introductory overview of decision theory. It is completely non-technical, without a single formula in the book. Written in a crisp and clear style it succinctly covers the full range of philosophical issues of rationality and decision theory, including game theory, social choice theory, prisoner's dilemma and much else. The book aims to expand the scope and enrich the foundations of decision theory. By addressing such issues as ambivalence, inner conflict, and the constraints (...)
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  21. New Tools for Theory Choice and Theory Diagnosis.John R. Welch - 2013 - Studies in History and Philosophy of Science Part A 44 (3):318-329.
    Theory choice can be approached in at least four ways. One of these calls for the application of decision theory, and this article endorses this approach. But applying standard forms of decision theory imposes an overly demanding standard of numeric information, supposedly satisfied by point-valued utility and probability functions. To ameliorate this difficulty, a version of decision theory that requires merely comparative utilities and plausibilities is proposed. After a brief summary of this alternative, the article illustrates how comparative decision theory (...)
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  22. Some Decision Problems in the Theory of Syntactic Categories.Wojciech Buszkowski - 1982 - Zeitschrift fur mathematische Logik und Grundlagen der Mathematik 28 (33-38):539-548.
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  23. Representation of One-One Degrees Byn-Cylindrical Decision Problems.M. B. Thuraisingham - 1988 - Zeitschrift fur mathematische Logik und Grundlagen der Mathematik 34 (6):481-490.
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  24. The Theory of Statistical Decision.Leonard J. Savage - 1951 - Journal of the American Statistical Association 46:55--67.
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  25. Belief Revision Generalized: A Joint Characterization of Bayes's and Jeffrey's Rules.Franz Dietrich, Christian List & Richard Bradley - 2016 - Journal of Economic Theory 162:352-371.
    We present a general framework for representing belief-revision rules and use it to characterize Bayes's rule as a classical example and Jeffrey's rule as a non-classical one. In Jeffrey's rule, the input to a belief revision is not simply the information that some event has occurred, as in Bayes's rule, but a new assignment of probabilities to some events. Despite their differences, Bayes's and Jeffrey's rules can be characterized in terms of the same axioms: "responsiveness", which requires that revised beliefs (...)
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  26. Decision Making with Unreliable Probabilities.Peter Gärdenfors & Nils-Eric Sahlin - unknown
    This paper presents a decision theory which allows subjects to account for the uncertainties of their probability estimates. This is accomplished by modelling beliefs about states of nature by means of a class of probability measures. In order to represent uncertainties of those beliefs a measure of epistemic reliability is introduced. The suggested decision theory is evaluated in the light of empirical evidence on ambiguity and uncertainty in decision making. The theory is also compared to Tversky & Kahneman's prospect theory.
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  27. How to Rationally Approach Life's Transformative Experiences.Marcus Arvan - 2015 - Philosophical Psychology 28 (8):1199-1218.
    In a widely discussed forthcoming article, “What you can't expect when you're expecting,” L. A. Paul challenges culturally and philosophically traditional views about how to rationally make major life-decisions, most specifically the decision of whether to have children. The present paper argues that because major life-decisions are transformative, the only rational way to approach them is to become resilient people: people who do not “over-plan” their lives or expect their lives to play out “according to plan”—people who understand that beyond (...)
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  28. Reason-Based Choice and Context-Dependence: An Explanatory Framework.Franz Dietrich & Christian List - 2016 - Economics and Philosophy 32 (2):175-229.
    We introduce a “reason-based” framework for explaining and predicting individual choices. It captures the idea that a decision-maker focuses on some but not all properties of the options and chooses an option whose motivationally salient properties he/she most prefers. Reason-based explanations allow us to distinguish between two kinds of context-dependent choice: the motivationally salient properties may (i) vary across choice contexts, and (ii) include not only “intrinsic” properties of the options, but also “context-related” properties. Our framework can accommodate boundedly rational (...)
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  29. Lost Memories and Useless Coins: Revisiting the Absentminded Driver.Wolfgang Schwarz - 2015 - Synthese 192 (9):3011-3036.
    The puzzle of the absentminded driver combines an unstable decision problem with a version of the Sleeping Beauty problem. Its analysis depends on the choice between “halfing” and “thirding” as well as that between “evidential” and “causal” decision theory. I show that all four combinations lead to interestingly different solutions, and draw some general lessons about the formulation of causal decision theory, the interpretation of mixed strategies and the connection between rational credence and objective chance.
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  30. A Decision Theory for Imprecise Probabilities.Susanna Rinard - 2015 - Philosophers' Imprint 15.
    Those who model doxastic states with a set of probability functions, rather than a single function, face a pressing challenge: can they provide a plausible decision theory compatible with their view? Adam Elga and others claim that they cannot, and that the set of functions model should be rejected for this reason. This paper aims to answer this challenge. The key insight is that the set of functions model can be seen as an instance of the supervaluationist approach to vagueness (...)
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  31. Decision Tables Theory and Practice.Solomon L. Pollack, Harry T. Hicks & William J. Harrison - 1971
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  32. Applications of Decision Tables a Reader.Herman Mcdaniel - 1970
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  33. A Critical Look At Mark Kaplan's "Decision Theory As Philosophy".John Shoemaker - unknown - Proceedings of the Heraclitean Society 21.
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  34. Toward a Theory of Decision.Mortimer Raymond Kadish - 1950 - Dissertation, Columbia University
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  35. Jordan Howard Sobel Taking Chances: Essays on Rational Choice. [REVIEW]Paul Castell - 1995 - British Journal for the Philosophy of Science 46 (4):628.
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  36. The Axiomatic Foundations of Bayesian Decision Theory.James Michael Joyce - 1992 - Dissertation, University of Michigan
    Bayesian decision theorists argue that rational agents should always perform acts that maximize subjective expected utility. To justify this claim, they prove representation theorems which are designed to show that any decision maker whose beliefs and desires satisfy reasonable axiomatic constraints will necessarily behave like an expected utility maximizer. The existence of such a representation result is a prerequisite for any adequate account of rational choice because one is only able to determine what a decision theory says about beliefs and (...)
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  37. Mark Kaplan, Decision Theory as Philosophy. [REVIEW]Paul Weirich - 1996 - Philosophy in Review 16 (3):179-180.
    Mark Kaplan proposes amending decision theory to accommodate better cases in which an agent's probability assignment is imprecise. The review describes and evaluates his proposals.
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  38. Sicence, Tecnology, and Political Decision. From the Creation of a Theory to the Consequences of its Application.Gerard Radnitzky - 1984 - Revista Portuguesa de Filosofia 40 (3):307-317.
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  39. The Logic of Decision.S. Pandey - 1980 - Indian Philosophical Quarterly 8 (1):77.
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  40. The Representation of Beliefs and Desires Within Decision Theory.Richard W. Bradley - 1997 - Dissertation, The University of Chicago
    This dissertation interprets the lack of uniqueness in probability representations of agents' degrees of belief in the decision theory of Richard Jeffrey as a formal statement of an important epistemological problem: the underdetermination of our attributions of belief and desire to agents by the evidence of their observed behaviour. A solution is pursued through investigation of agents' attitudes to information of a conditional nature. ;As a first step, Jeffrey's theory is extended to agents' conditional attitudes of belief and desire by (...)
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  41. Foundations and Applications of Decision Theory.Mario H. Otero - 1980 - Philosophy and Phenomenological Research 41 (1):252-254.
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  42. The Logic of Decision. [REVIEW]J. M. P. - 1966 - Review of Metaphysics 19 (4):813-814.
    For a long while Bayesian techniques in statistics in general, and decision theory in particular, were considered suspect at best, and to be avoided; but now along comes Jeffrey with a system of subjective probability and utility functions determined by the individual's preferences, and a strongly Bayesian approach to decision-making, and by so doing puts the whole matter in a new light and makes it quite important to reassess the prior rejection of Bayesian methods. There are twelve chapters, each with (...)
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  43. Epistemic Decision Theory.Hilary Greaves - 2013 - Mind 122 (488):915-952.
    I explore the prospects for modelling epistemic rationality (in the probabilist setting) via an epistemic decision theory, in a consequentialist spirit. Previous work has focused on cases in which the truth-values of the propositions in which the agent is selecting credences do not depend, either causally or merely evidentially, on the agent’s choice of credences. Relaxing that restriction leads to a proliferation of puzzle cases and theories to deal with them, including epistemic analogues of evidential and causal decision theory, and (...)
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  44. A Rubinesque Theory of Decision.Joseph B. Kadane, Teddy Seidenfeld & Mark J. Schervish - unknown
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  45. Building Coherence-Talking About Goals, Actions, and Outcomes.Nl Stein & Er Albro - 1989 - Bulletin of the Psychonomic Society 27 (6):508-508.
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  46. Decision Theory, Political Theory and the Hats Hypothesis in Freedom and Rationality. Essays in Honor of John Watkins.P. Pettit - 1989 - Boston Studies in the Philosophy of Science 117:23-34.
  47. What Does Subjective Decision Theory Tell Us?D. H. Mellor - 2005 - In Hallvard Lillehammer & D. H. Mellor (eds.), Ramsey's Legacy. Oxford University Press.
  48. Egon Boerger, Erich Graedel, and Yuri Gurevich, The Classical Decision Problem.M. Marx - 1999 - Journal of Logic Language and Information 8:478-481.
  49. Kaplan, M.-Decision Theory as Philosophy.J. H. Sobel - 1999 - Philosophical Books 40:62-64.
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  50. Theory and Decision.S. K. Berninghaus, S. J. Brams, P. H. Edelman, J. Esteban, I. Fischer, P. C. Fishburn, G. Gigliotti, W. Güth, R. D. Luce & P. Modesti - 2003 - Theory and Decision 55 (392).
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