Models of Decision-Making

£32.00

Models of Decision-Making

Simplifying Choices

Decision theory: general Risk assessment Philosophy Philosophy of mind Ethics and moral philosophy Behaviourism, Behavioural theory Economics Economic theory and philosophy Optimization Philosophy of science

Author: Paul Weirich

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Language: English

Published by: Cambridge University Press

Published on: 5th February 2015

Format: LCP-protected ePub

Size: 1 Mb

ISBN: 9781316235058


Classical decision theory

evaluates entire worlds, specified so as to include everything a decision-maker cares about. Thus applying decision theory requires performing computations far beyond an ordinary decision-maker's ability. In this book Paul Weirich explains how individuals can simplify and streamline their choices. He shows how different parts of options (intrinsic, temporal, spatiotemporal, causal) are separable, so that we can know what difference one part makes to the value of an option, regardless of what happens in the other parts. He suggests that the primary value of options is found in basic intrinsic attitudes towards outcomes: desires, aversions, or indifferences. And using these two facts he argues that we need only compare small parts of the options we face in order to make a rational decision. This important book will interest readers in decision theory, economics, and the behavioral sciences.

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