Rational Choice Using Imprecise Probabilities and Utilities
Author(s): Paul Weirich
Couldn't load pickup availability
🚚 Please note we can only ship within the UK.
FREE delivery on books (excluding sale).
Delivery for other items is £1.50 - £4.50, calculated at checkout.
T&Cs apply.
Free click & collect on all orders.
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.
Share

