[DOWNLOAD] "Rational Choice Using Imprecise Probabilities and Utilities" by Paul Weirich * Book PDF Kindle ePub Free

August 29, 2021

eBook details

Title: Rational Choice Using Imprecise Probabilities and Utilities
Author : Paul Weirich
Release Date : January 25, 2021
Genre: Science & Nature,Books,
Pages : * pages
Size : 4649 KB

Description

An agent often does not have precise probabilities or utilities to guide resolution of a decision problem. I advance a principle of rationality for making decisions in such cases. To begin, I represent the doxastic and conative state of an agent with a set of pairs of a probability assignment and a utility assignment. Then I support a decision principle that allows any act that maximizes expected utility according to some pair of assignments in the set. Assuming that computation of an option's expected utility uses comprehensive possible outcomes that include the option's risk, no consideration supports a stricter requirement.