Decision-Making Under Indeterminacy

Authors
Robert Williams
University of Leeds
Abstract
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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The Dispositional Account of Credence.Anna Mahtani - forthcoming - Philosophical Studies:1-19.
Rational Illogicality.J. Robert G. Williams - 2018 - Australasian Journal of Philosophy 96 (1):127-141.

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