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Measuring Belief and Risk Attitude

Electronic Proceedings in Theoretical Computer Science 297:354–364 (2019)

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Better Foundations for Subjective Probability.Sven Neth - forthcoming - Australasian Journal of Philosophy.details How do we ascribe subjective probability? In decision theory, this question is often addressed by representation theorems, going back to Ramsey (1926), which tell us how to define or measure subjective probability by observable preferences. However, standard representation theorems make strong rationality assumptions, in particular expected utility maximization. How do we ascribe subjective probability to agents which do not satisfy these strong rationality assumptions? I present a representation theorem with weak rationality assumptions which can be used to define or measure (...) Download Export citation Bookmark 1 citation
Non-Ideal Decision Theory.Sven Neth - 2023 - Dissertation, University of California, Berkeleydetails My dissertation is about Bayesian rationality for non-ideal agents. I show how to derive subjective probabilities from preferences using much weaker rationality assumptions than other standard representation theorems. I argue that non-ideal agents might be uncertain about how they will update on new information and consider two consequences of this uncertainty: such agents should sometimes reject free information and make choices which, taken together, yield sure loss. The upshot is that Bayesian rationality for non-ideal agents makes very different normative demands (...) Download Export citation Bookmark
Frank Ramsey.Fraser MacBride, Mathieu Marion, Maria Jose Frapolli, Dorothy Edgington, Edward J. R. Elliott, Sebastian Lutz & Jeffrey Paris - 2019 - Stanford Encyclopedia of Philosophy.details Frank Plumpton Ramsey (1903–30) made seminal contributions to philosophy, mathematics and economics. Whilst he was acknowledged as a genius by his contemporaries, some of his most important ideas were not appreciated until decades later; now better appreciated, they continue to bear an influence upon contemporary philosophy. His historic significance was to usher in a new phase of analytic philosophy, which initially built upon the logical atomist doctrines of Bertrand Russell and Ludwig Wittgenstein, raising their ideas to a new level of (...) Download Export citation Bookmark 4 citations

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