Decision theory and de minimis risk

Erkenntnis (forthcoming)
  Copy   BIBTEX

Abstract

A de minimis risk is defined as a risk that is so small that it may be legitimately ignored when making a decision. While ignoring small risks is common in our day-to-day decision making, attempts to introduce the notion of a de minimis risk into the framework of decision theory have run up against a series of well-known difficulties. In this paper, I will develop an enriched decision theoretic framework that is capable of overcoming two major obstacles to the modelling of de minimis risk. The key move is to introduce, into decision theory, a non-probabilistic conception of risk known as normic risk.

Links

PhilArchive

External links

  • This entry has no external links. Add one.
Setup an account with your affiliations in order to access resources via your University's proxy server

Through your library

Similar books and articles

Naturalness and de Minimis Risk.Per Sandin - 2005 - Environmental Ethics 27 (2):191-200.
Risk, Rationality and Expected Utility Theory.Richard Pettigrew - 2015 - Canadian Journal of Philosophy 45 (5-6):798-826.
Risk and Rationality.Lara Marie Buchak - 2013 - Oxford University Press.
Risk Aversion and the Long Run.Johanna Thoma - 2019 - Ethics 129 (2):230-253.
Can a Knowledge Threshold Save the de Minimis Principle?H. Orri Stefansson & Björn Lundgren - 2022 - Proceedings of the Institution of Mechanical Engineers, Part O: Journal of Risk and Reliability 236 (6):1164-1167.
Risk and Tradeoffs.Lara Buchak - 2014 - Erkenntnis 79 (S6):1091-1117.
Can Risk Aversion Survive the Long Run?Hayden Wilkinson - forthcoming - Philosophical Quarterly.
Gambling with Death.H. Orri Stefánsson - 2020 - Topoi 39 (2):271-281.
On the Definition of Risk Aversion.Aldo Montesano - 1990 - Theory and Decision 29 (1):53-68.

Analytics

Added to PP
2022-09-22

Downloads
83 (#145,651)

6 months
83 (#9,415)

Historical graph of downloads
How can I increase my downloads?

Author's Profile

Martin Smith
University of Edinburgh

Citations of this work

No citations found.

Add more citations

References found in this work

A Right Against Risk-Imposition and the Problem of Paralysis.Sune Holm - 2016 - Ethical Theory and Moral Practice 19 (4):917-930.

Add more references