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Money-Pump Arguments

Cambridge: Cambridge University Press (2022)

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  1. Expected Comparative Utility Theory: A New Theory of Instrumental Rationality.David Robert - manuscript
    In this paper, I argue that standard decision theory, otherwise known as expected utility (EU) theory, is a false theory of instrumental rationality. In its place, I argue for a new theory of instrumental rationality, namely expected comparative utility (ECU) theory. The argument starts with the premise that we require a graded, quantitative measure of choiceworthiness in our theory of instrumental rationality. I then present several lines of reasoning in support of the new theory. Two are as follows: First, compared (...)
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