Rational choice and action omnipotence

Philosophical Review 111 (1):1-23 (2002)
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Abstract

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.

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John Pollock
University of Edinburgh

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The Foundations of Statistics.Leonard J. Savage - 1954 - Wiley Publications in Statistics.
The Logic of Decision.Richard C. Jeffrey - 1965 - New York, NY, USA: University of Chicago Press.
Actions, Reasons, and Causes.Donald Davidson - 1963 - Journal of Philosophy 60 (23):685.
Theory of Games and Economic Behavior.John Von Neumann & Oskar Morgenstern - 1944 - Princeton, NJ, USA: Princeton University Press.

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