The Logic of Decision [Book Review]

Review of Metaphysics 19 (4):813-814 (1966)
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Abstract

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 exercises, which begin with the model of deliberation, progress though scaling and ranking desirability, preference and propositional attitudes, thence to probability and measurement of desirability, and finally to induction and confirmation. The author's theory bears some resemblances to that sketched by Ramsey, but it draws somewhat on the later work of Von Neumann and Morgenstern. The author examines probability as viewed both statically—when the agent's attitudes are constant—and dynamically-when desirability and, consequently, probability assignments change. This text is one of the small but growing library of works whose interest is induction and probability theory; in that library, it will occupy an important place.—P. J. M.

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V-Comparing Evaluations.Richard Bradley - 2008 - Proceedings of the Aristotelian Society 108 (1pt1):85-100.

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