Risk's place in decision rules

Synthese 126 (3):427 - 441 (2001)
Abstract
To handle epistemic and pragmatic risks, Gärdenfors and Sahlin (1982, 1988) design a decision procedure for cases in which probabilities are indeterminate. Their procedure steps outside the traditional expected utility framework. Must it do this? Can the traditional framework handle risk? This paper argues that it can. The key is a comprehensive interpretation of an option's possible outcomes. Taking possible outcomes more broadly than Gärdenfors and Sahlin do, expected utility can give risk its due. In particular, Good's (1952) decision procedure adequately handles indeterminate probabilities and the risks they generate.
Keywords risk  rationality  decision
Categories (categorize this paper)
Reprint years 2004
DOI 10.1023/A:1005240226961
Options
 Save to my reading list
Follow the author(s)
Edit this record
My bibliography
Export citation
Find it on Scholar
Mark as duplicate
Request removal from index
Revision history
Download options
Our Archive


Upload a copy of this paper     Check publisher's policy     Papers currently archived: 30,349
Through your library
References found in this work BETA

No references found.

Add more references

Citations of this work BETA
Breaking the Law of Desire.Joshua Gert - 2005 - Erkenntnis 62 (3):295-319.

Add more citations

Similar books and articles
Added to PP index
2009-01-28

Total downloads
43 ( #124,200 of 2,193,594 )

Recent downloads (6 months)
1 ( #290,647 of 2,193,594 )

How can I increase my downloads?

Monthly downloads
My notes
Sign in to use this feature