An introduction to decision theory

Cambridge University Press (2009)

Authors
Martin Peterson
Texas A&M University
Abstract
This up-to-date introduction to decision theory offers comprehensive and accessible discussions of decision-making under ignorance and risk, the foundations of utility theory, the debate over subjective and objective probability, Bayesianism, causal decision theory, game theory, and social choice theory. No mathematical skills are assumed, and all concepts and results are explained in non-technical and intuitive as well as more formal ways. There are over 100 exercises with solutions, and a glossary of key terms and concepts. An emphasis on foundational aspects of normative decision theory (rather than descriptive decision theory) makes the book particularly useful for philosophy students, but it will appeal to readers in a range of disciplines including economics, psychology, political science and computer science. • Has over 100 end of chapter review questions and exercises with solutions • Includes a chapter on how to draw a decision matrix • Explains the link between individual decision making, game theory and social choice theory Contents Preface; 1. Introduction; 2. The decision matrix; 3. Decisions under ignorance; 4. Decisions under risk; 5. Utility; 6. The mathematics of probability; 7. The philosophy of probability; 8. Why should we accept the preference axioms; 9. Causal vs. evidential decision theory; 10. Bayesian vs. non-Bayesian decision theory; 11. Game theory I: basic concepts and zero sum games; 12. Game theory II: nonzero sum and co-operative games; 13. Social choice theory; 14. Overview of descriptive decision theory; Appendix A. Glossary; Appendix B. Proof of the von Neumann-Morgenstern theorem; Further reading; Index.
Keywords decision theory
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Reprint years 2013, 2017
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ISBN(s) 0521888379   9780521888370     9780521716543   9781107151598   9780511800917
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Extended Cognition and Epistemic Luck.J. Adam Carter - 2013 - Synthese 190 (18):4201-4214.
Pure Time Preference.Rosemary Lowry & Martin Peterson - 2011 - Pacific Philosophical Quarterly 92 (4):490-508.
Don’T Look Now.Bernhard Salow & Arif Ahmed - 2019 - British Journal for the Philosophy of Science 70 (2):327-350.
Prospectism and the Weak Money Pump Argument.Martin Peterson - 2015 - Theory and Decision 78 (3):451-456.
Decision Theory and Cognitive Choice.John R. Welch - 2011 - European Journal for Philosophy of Science 1 (2):147-172.

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