Philosophical Studies 174 (9):2363-2368 (2017)

Authors
Lara Buchak
University of California, Berkeley
Abstract
My book Risk and Rationality argues for a new alternative to the orthodox theory of rational decision-making. This alternative, risk-weighted expected utility maximization, holds that there are three important components involved in rational decision-making: utilities, probabilities, and risk-attitudes. This essay explains the basic outline of the theory and precisely how it differs from the orthodox theory. It also summarizes the main threads of argument in the book.
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DOI 10.1007/s11098-017-0904-7
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References found in this work BETA

Risk and Rationality.Lara Buchak - 2013 - Oxford University Press.
Prospect Theory: For Risk and Ambiguity.Peter P. Wakker - 2010 - Cambridge University Press.
Prospect Theory: An Analysis of Decision Under Risk.D. Kahneman & A. Tversky - 1979 - Econometrica: Journal of the Econometric Society:263--291.

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Citations of this work BETA

Weighing the Risks of Climate Change.Lara Buchak - 2019 - The Monist 102 (1):66-83.

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