Decision-Making Under Indeterminacy
Philosophers' Imprint 14 (2014)
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Decisions are made under uncertainty when there are distinct outcomes of a given action, and one is uncertain to which the act will lead. Decisions are made under indeterminacy when there are distinct outcomes of a given action, and it is indeterminate to which the act will lead. This paper develops a theory of (synchronic and diachronic) decision-making under indeterminacy that portrays the rational response to such situations as inconstant. Rational agents have to capriciously and randomly choose how to resolve the indeterminacy relevant to a given choice-situation, but such capricious choices once made constrain how they will choose in the future. The account is illustrated by the case of self-interested action in situations where it is indeterminate whether you yourself will survive to benefit or suffer the consequences. The conclusion emphasizes some distinctive anti-hedging predictions of the account.
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References found in this work BETA
Reasons and Persons.Joseph Margolis - 1986 - Philosophy and Phenomenological Research 47 (2):311-327.
View all 44 references / Add more references
Citations of this work BETA
The Cognitive Role of Fictionality.J. Robert G. Williams & Richard Woodward - forthcoming - Wiley: Philosophy and Phenomenological Research.
Updating as Communication.Sarah Moss - 2012 - Philosophy and Phenomenological Research 85 (2):225-248.
Imprecise Probabilities.Anna Mahtani - 2019 - In Richard Pettigrew & Jonathan Weisberg (eds.), The Open Handbook of Formal Epistemology. PhilPapers Foundation. pp. 107-130.
View all 32 citations / Add more citations
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