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A critique of benchmark theory

Synthese 192 (1):241-267 (2015)

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  1. Gandalf's Solution to the Newcomb Problem.Ralph Wedgwood - 2013 - Synthese 190 (14):2643–2675.
    This article proposes a new theory of rational decision, distinct from both causal decision theory (CDT) and evidential decision theory (EDT). First, some intuitive counterexamples to CDT and EDT are presented. Then the motivation for the new theory is given: the correct theory of rational decision will resemble CDT in that it will not be sensitive to any comparisons of absolute levels of value across different states of nature, but only to comparisons of the differences in value between the available (...)
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  • Causal Decision Theory.David K. Lewis - 1981 - Australasian Journal of Philosophy 59 (1):5 – 30.
    Newcomb's problem and similar cases show the need to incorporate causal distinctions into the theory of rational decision; the usual noncausal decision theory, though simpler, does not always give the right answers. I give my own version of causal decision theory, compare it with versions offered by several other authors, and suggest that the versions have more in common than meets the eye.
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  • Some Counterexamples to Causal Decision Theory.Andy Egan - 2007 - Philosophical Review 116 (1):93-114.
    Many philosophers (myself included) have been converted to causal decision theory by something like the following line of argument: Evidential decision theory endorses irrational courses of action in a range of examples, and endorses “an irrational policy of managing the news”. These are fatal problems for evidential decision theory. Causal decision theory delivers the right results in the troublesome examples, and does not endorse this kind of irrational news-managing. So we should give up evidential decision theory, and be causal decision (...)
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  • Counterfactuals and Two Kinds of Expected Utility.Allan Gibbard & William Harper - 1978 - In A. Hooker, J. J. Leach & E. F. McClennen (eds.), Foundations and Applications of Decision Theory. D. Reidel. pp. 125-162.
  • Newcomb’s Problem and Two Principles of Choice.Robert Nozick - 1969 - In Nicholas Rescher (ed.), Essays in Honor of Carl G. Hempel. Reidel. pp. 114--146.
  • Causality, Utility, and Decision.Ellery Eells - 1981 - Synthese 48 (2):295 - 329.
  • The Logic of Decision.Richard Jeffrey - 1965 - University of Chicago Press.
    "[This book] proposes new foundations for the Bayesian principle of rational action, and goes on to develop a new logic of desirability and probabtility."—Frederic Schick, _Journal of Philosophy_.
  • Realistic Decision Theory: Rules for Nonideal Agents in Nonideal Circumstances.Paul Weirich - 2004 - Oup Usa.
    Within traditional decision theory, common decision principles - e.g. the principle to maximize utility -- generally invoke idealization; they govern ideal agents in ideal circumstances. In Realistic Decision Theory, Paul Weirch adds practicality to decision theory by formulating principles applying to nonideal agents in nonideal circumstances, such as real people coping with complex decisions. Bridging the gap between normative demands and psychological resources, Realistic Decision Theory is essential reading for theorists seeking precise normative decision principles that acknowledge the limits and (...)
  • Decision-Theoretic Paradoxes as Voting Paradoxes.Rachael Briggs - 2010 - Philosophical Review 119 (1):1-30.
    It is a platitude among decision theorists that agents should choose their actions so as to maximize expected value. But exactly how to define expected value is contentious. Evidential decision theory (henceforth EDT), causal decision theory (henceforth CDT), and a theory proposed by Ralph Wedgwood that this essay will call benchmark theory (BT) all advise agents to maximize different types of expected value. Consequently, their verdicts sometimes conflict. In certain famous cases of conflict—medical Newcomb problems—CDT and BT seem to get (...)
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  • Internal Consistency of Choice.Amartya Sen - 1993 - Econometrica 61:495–521.
  • Ifs. Conditionals, Belief, Decision, Chance, and Time.W. Harper, R. Stalnaker & G. Pearce - 1984 - Tijdschrift Voor Filosofie 46 (1):181-182.
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