Seeking a decision theory that can handle both the Newcomb problems that challenge evidential decision theory and the unstable problems that challenge causal decision theory, some philosophers recently have turned to ‘graded ratifiability’. However, the graded ratifiability approach to decision theory is, despite its virtues, unsatisfactory; for it conflicts with the platitude that it is always rationally permissible for an agent to knowingly choose their best option.

I give a Dutch book argument for CDT thirders in the context of a generalized Sleeping Beauty scenario. In combination with the Briggs (2010) Dutch book for EDT thirders, this amounts to a purely decision-theoretic argument for halfing in Sleeping Beauty. In combination with the Hitchcock (2004) Dutch book for CDT halfers, this amounts to a Dutch book argument against CDT. The combined Dutch book against CDT invites a plausible diagnosis of the reasons for CDT’s failure: CDT is incompatible with (...) the Dutch book requirement because it allows the values of epistemically impossible outcomes influence one’s decision. (shrink)

I defend counterfactual decision theory, which says that you should evaluate an action in terms of which outcomes would likely obtain were you to perform it. Counterfactual decision theory has traditionally been subsumed under causal decision theory as a particular formulation of the latter. This is a mistake. Counterfactual decision theory is importantly different from, and superior to, causal decision theory, properly so called. Causation and counterfactuals come apart in three kinds of cases. In cases of overdetermination, an action can (...) cause a good outcome without the latter counterfactually depending on the former. In cases of constitution, an action can constitute a good outcome rather than causing it. And in cases of determinism, either the laws or the past counterfactually depend on your action, even though your action cannot cause the laws or the past to be different. In each of these cases, it is counterfactual decision theory which gives the right verdict, and for the right reasons. (shrink)

A one-boxer, Erica, and a two-boxer, Chloe, engage in a familiar debate. The debate begins with Erica asking Chloe: ‘If you’re so smart, then why ain’cha rich?’. As the debate progresses, Chloe is led to endorse a novel causalist theory of rational choice. This new theory allows Chloe to forge a connection between rational choice and long-run riches. In brief: Chloe concludes that it is not long-run wealth but rather long-run wealth creation which is symptomatic of rationality.

I present a decision problem in which causal decision theory appears to violate the independence of irrelevant alternatives (IIA) and normal-form extensive-form equivalence (NEE). I show that these violations lead to exploitable behavior and long-run poverty. These consequences appear damning, but I urge caution. This decision should lead causalists to a better understanding of what it takes for a decision between some collection of options to count as a subdecision of a decision between a larger collection of options. And with (...) this better understanding of subdecisions in hand, causalists will not violate the IIA or the NEE. This decision will also teach causalists that, in sequential decisions, a rational agent may be led to make a series of choices which are causally dominated by some other sequence of choices they could have made instead. I will encourage causalists to recognise this as an intrapersonal tragedy of the commons. (shrink)

My topic is how to make decisions when you possess foreknowledge of the consequences of your choice. Many have thought that these kinds of decisions pose a distinctive and novel problem for causal decision theory (CDT). My thesis is that foreknowledge poses no new problems for CDT. Some of the purported problems are not problems. Others are problems, but they are not problems for CDT. Rather, they are problems for our theories of subjunctive supposition. Others are problems, but they are (...) not new problems. They are old problems transposed into a new key. Nonetheless, decisions made with foreknowledge illustrate important lessons about the instrumental value of our choices. Once we've appreciated these lessons, we are left with a version of CDT which faces no novel threats from foreknowledge. (shrink)

In sequential decision problems, an act of learning cost-free evidence might be symptomatic, in the sense that performing this act itself provides evidence about states of the world it does nothing to causally promote. It is well known that orthodox causal decision theory, like its main rival evidential decision theory, may sanction such acts as rationally impermissible. This paper shows that, under plausible assumptions, a minimal version of ratificationist causal decision theory, known as principled ratificationism, fares better in this respect, (...) for it never labels symptomatic acts of learning cost-free evidence as rationally impermissible. (shrink)

This paper is about two requirements on wish reports whose interaction motivates a novel semantics for these ascriptions. The first requirement concerns the ambiguities that arise when determiner phrases, such as definite descriptions, interact with ‘wish’. More specifically, several theorists have recently argued that attitude ascriptions featuring counterfactual attitude verbs license interpretations on which the determiner phrase is interpreted relative to the subject’s beliefs. The second requirement involves the fact that desire reports in general require decision-theoretic notions for their analysis. (...) The current study is motivated by the fact that no existing account captures both of these aspects of wishing. I develop a semantics for wish reports that makes available belief-relative readings but also allows decision-theoretic notions to play a role in shaping the truth conditions of these ascriptions. The general idea is that we can analyze wishing in terms of a two-dimensional notion of expected utility. (shrink)