Science/Engineering Non-Bayesian Decision Theory: Beliefs and Desires as Reasons for Action (Theory and Decision Library A:) (1402086989)

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Non-Bayesian Decision Theory: Beliefs and Desires as Reasons for Action (Theory and Decision Library A:)

This book aims to present an account of rational choice from a non-Bayesian point of view. Rational agents maximize subjective expected utility, but contrary to what is claimed by Bayesians, the author argues that utility and subjective probability should not be defined in terms of preferences over uncertain prospects. To some extent, the author’s non-Bayesian view gives a modern account of what decision theory could have been like, had decision theorists not entered the Bayesian path discovered by Ramsey, Savage, and Jeffrey. The author argues that traditional Bayesian decision theory is unavailing from an action-guiding perspective. For the deliberating Bayesian agent, the output of decision theory is not a set of preferences over alternative acts - these preferences are on the contrary used as input to the theory. Instead, the output is a (set of) utility function(s) that can be used for describing the agent as an expected utility maximizer, which are of limited normative relevance.On the non-Bayesian view articulated by the author, utility and probability are defined in terms of preferences over certain outcomes. These utility and probability functions are then used for generating preferences over uncertain prospects, which conform to the principle of maximizing expected utility. It is argued that this approach offers more action guidance.

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	Science/Engineering Case-Based Approximate Reasoning (Theory and Decision Library B) ===Engineering相关链接===[2007/1009][2007/1008][2007/1007][2007/1007][2007/1007]Case-Based Approximate Reasoning (Theory and Decision Library B) Publisher: SpringerNumber Of Pages: 372Publication Date: 2007-03-05Sales Rank: 1245621 ...
	Economics/Finances Preference Change: Approaches from philosophy, economics and psychology (Theory and Decision Library A:) Preference Change: Approaches from philosophy, economics and psychology (Theory and Decision Library A:): Till Grane-Yanoff, Sven Ove Hansson Springer \| ISBN: 9048125928 \| 2009-07-01 \| PDF (OCR) \| 268 pages \| 2.10 Mb The fact that preferen ...
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