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  1. Expected comparative utility theory: A new theory of instrumental rationality.David Robert - manuscript
    This paper aims to address the question of how one ought to choose when one is uncertain about what outcomes will result from one’s choices, but when one can nevertheless assign probabilities to the different possible outcomes. These choices are commonly referred to as choices (or decisions) under risk. I assume in this paper that one ought to make instrumentally rational choices—more precisely, one ought to adopt suitable means to one’s morally permissible ends. Expected utility (EU) theory is generally accepted (...)
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  • Efficiency in Organism-Environment Information Exchanges: A Semantic Hierarchy of Logical Types Based on the Trial-and-Error Strategy Behind the Emergence of Knowledge.Mattia Berera - 2024 - Biosemiotics 17 (1):131-160.
    Based on Kolchinsky and Wolpert’s work on the semantics of autonomous agents, I propose an application of Mathematical Logic and Probability to model cognitive processes. In this work, I will follow Bateson’s insights on the hierarchy of learning in complex organisms and formalize his idea of applying Russell’s Type Theory. Following Weaver’s three levels for the communication problem, I link the Kolchinsky–Wolpert model to Bateson’s insights, and I reach a semantic and conceptual hierarchy in living systems as an explicative model (...)
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  • Exceeding Expectations: Stochastic Dominance as a General Decision Theory.Christian Tarsney - manuscript
    The principle that rational agents should maximize expected utility or choiceworthiness is intuitively plausible in many ordinary cases of decision-making under uncertainty. But it is less plausible in cases of extreme, low-probability risk (like Pascal's Mugging), and intolerably paradoxical in cases like the St. Petersburg and Pasadena games. In this paper I show that, under certain conditions, stochastic dominance reasoning can capture most of the plausible implications of expectational reasoning while avoiding most of its pitfalls. Specifically, given sufficient background uncertainty (...)
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  • Probability.Branden Fitelson, Alan Hajek & Ned Hall - 2005 - In Sahotra Sarkar & Jessica Pfeifer (eds.), The Philosophy of Science: An Encyclopedia. New York: Routledge.
    There are two central questions concerning probability. First, what are its formal features? That is a mathematical question, to which there is a standard, widely (though not universally) agreed upon answer. This answer is reviewed in the next section. Second, what sorts of things are probabilities---what, that is, is the subject matter of probability theory? This is a philosophical question, and while the mathematical theory of probability certainly bears on it, the answer must come from elsewhere. To see why, observe (...)
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  • On the Axiomatics of Resource Allocation: Interpreting the Consistency Principle.William Thomson - 2012 - Economics and Philosophy 28 (3):385-421.
    An allocation rule is ‘consistent’ if the recommendation it makes for each problem ‘agrees’ with the recommendation it makes for each associated reduced problem, obtained by imagining some agents leaving with their assignments. Some authors have described the consistency principle as a ‘fairness principle’. Others have written that it is not about fairness, that it should be seen as an ‘operational principle’. We dispute the particular fairness interpretations that have been offered for consistency, but develop a different and important fairness (...)
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  • Expected Comparative Utility Theory: A New Theory of Rational Choice.David Robert - 2018 - Philosophical Forum 49 (1):19-37.
    In this paper, I argue for a new normative theory of rational choice under risk, namely expected comparative utility (ECU) theory. I first show that for any choice option, a, and for any state of the world, G, the measure of the choiceworthiness of a in G is the comparative utility (CU) of a in G—that is, the difference in utility, in G, between a and whichever alternative to a carries the greatest utility in G. On the basis of this (...)
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  • A restatement of expected comparative utility theory: A new theory of rational choice under risk.David Robert - 2021 - Philosophical Forum 52 (3):221-243.
    In this paper, I argue for a new normative theory of rational choice under risk, namely expected comparative utility (ECU) theory. I first show that for any choice option, a, and for any state of the world, G, the measure of the choiceworthiness of a in G is the comparative utility (CU) of a in G—that is, the difference in utility, in G, between a and whichever alternative to a carries the greatest utility in G. On the basis of this (...)
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  • Choice under Risk and the Security Factor: An Axiomatic Model.Jean-Yves Jaffray - 1988 - Theory and Decision 24 (2):169.
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  • The psychology of human risk preferences and vulnerability to scare-mongers: experimental economic tools for hypothesis formulation and testing.W. Harrison Glenn & Ross Don - 2016 - Journal of Cognition and Culture 16 (5):383-414.
    The Internet and social media have opened niches for political exploitation of human dispositions to hyper-alarmed states that amplify perceived threats relative to their objective probabilities of occurrence. Researchers should aim to observe the dynamic “ramping up” of security threat mechanisms under controlled experimental conditions. Such research necessarily begins from a clear model of standard baseline states, and should involve adding treatments to established experimental protocols developed by experimental economists. We review these protocols, which allow for joint estimation of risk (...)
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  • Epistemic Modality and Hyperintensionality in Mathematics.David Elohim - 2017 - Dissertation, Arché, University of St Andrews
    This book concerns the foundations of epistemic modality and hyperintensionality and their applications to the philosophy of mathematics. I examine the nature of epistemic modality, when the modal operator is interpreted as concerning both apriority and conceivability, as well as states of knowledge and belief. The book demonstrates how epistemic modality and hyperintensionality relate to the computational theory of mind; metaphysical modality and hyperintensionality; the types of mathematical modality and hyperintensionality; to the epistemic status of large cardinal axioms, undecidable propositions, (...)
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  • Forms of Luminosity: Epistemic Modality and Hyperintensionality in Mathematics.David Elohim - 2017
    This book concerns the foundations of epistemic modality and hyperintensionality and their applications to the philosophy of mathematics. I examine the nature of epistemic modality, when the modal operator is interpreted as concerning both apriority and conceivability, as well as states of knowledge and belief. The book demonstrates how epistemic modality and hyperintensionality relate to the computational theory of mind; metaphysical modality and hyperintensionality; the types of mathematical modality and hyperintensionality; to the epistemic status of large cardinal axioms, undecidable propositions, (...)
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  • Epistemic Modality and Hyperintensionality in Mathematics.David Elohim - unknown
    This book concerns the foundations of epistemic modality. I examine the nature of epistemic modality, when the modal operator is interpreted as concerning both apriority and conceivability, as well as states of knowledge and belief. The book demonstrates how epistemic modality relates to the computational theory of mind; metaphysical modality; the types of mathematical modality; to the epistemic status of large cardinal axioms, undecidable propositions, and abstraction principles in the philosophy of mathematics; to the modal profile of rational intuition; and (...)
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  • Intention: Hyperintensional Semantics and Decision Theory.David Elohim - manuscript
    This paper argues that the types of intention can be modeled both as modal operators and via a multi-hyperintensional semantics. I delineate the semantic profiles of the types of intention, and provide a precise account of how the types of intention are unified in virtue of both their operations in a single, encompassing, epistemic space, and their role in practical reasoning. I endeavor to provide reasons adducing against the proposal that the types of intention are reducible to the mental states (...)
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  • Counterfactual Desirability.Richard Bradley & H. Orri Stefansson - 2017 - British Journal for the Philosophy of Science 68 (2):485-533.
    The desirability of what actually occurs is often influenced by what could have been. Preferences based on such value dependencies between actual and counterfactual outcomes generate a class of problems for orthodox decision theory, the best-known perhaps being the so-called Allais Paradox. In this paper we solve these problems by extending Richard Jeffrey's decision theory to counterfactual prospects, using a multidimensional possible-world semantics for conditionals, and showing that preferences that are sensitive to counterfactual considerations can still be desirability maximising. We (...)
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  • Existentialist risk and value misalignment.Ariela Tubert & Justin Tiehen - forthcoming - Philosophical Studies:1-18.
    We argue that two long-term goals of AI research stand in tension with one another. The first involves creating AI that is safe, where this is understood as solving the problem of value alignment. The second involves creating artificial general intelligence, meaning AI that operates at or beyond human capacity across all or many intellectual domains. Our argument focuses on the human capacity to make what we call “existential choices”, choices that transform who we are as persons, including transforming what (...)
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  • On the Harsanyi payoff vectors and Harsanyi imputations.Jean Derks, Gerard Laan & Valery Vasil’ev - 2010 - Theory and Decision 68 (3):301-310.
    This article discusses the set of Harsanyi payoff vectors of a cooperative TU-game, also known as the Selectope. We reconsider some results on Harsanyi payoff vectors within a more general framework. First, an intuitive approach is used, showing that the set of Harsanyi payoff vectors is the core of an associated convex game. Next, the set of individual rational Harsanyi payoff vectors, the Harsanyi imputations in short, is considered. Existence conditions are provided, and if non-empty, we provide a description as (...)
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  • On S-Convexity and Risk Aversion.Michel Denuit, Claude Lefèvre & Marco Scarsini - 2001 - Theory and Decision 50 (3):239-248.
    The present note first discusses the concept of s-convex pain functions in decision theory. Then, the economic behavior of an agent with such a pain function is represented through the comparison of some recursive lotteries.
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  • A framework linking non-living and living systems: Classification of persistence, survival and evolution transitions. [REVIEW]L. Dennis, R. W. Gray, L. H. Kauffman, J. Brender McNair & N. J. Woolf - 2009 - Foundations of Science 14 (3):217-238.
    We propose a framework for analyzing the development, operation and failure to survive of all things, living, non-living or organized groupings. This framework is a sequence of developments that improve survival capability. Framework processes range from origination of any entity/system, to the development of increased survival capability and development of life-forms and organizations that use intelligence. This work deals with a series of developmental changes that arise from the uncovering of emergent properties. The framework is intended to be general, but (...)
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  • Freedom and choice in economics.Adolfo García de la Sienra - 2016 - Journal of Economic Methodology 23 (3):316-332.
    Even though Patrick Suppes made important contributions to utility theory, his final views on economic choice are quite critical of the expected-utility theories of rational choice. The aim of the present paper is to expose in a unified way his final views on economic choice and freedom. These views are part of his conception of causality and rationality.
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  • A New Approach to Computing Using Informons and Holons: Towards a Theory of Computing Science.F. David de la Peña, Juan A. Lara, David Lizcano, María Aurora Martínez & Juan Pazos - 2020 - Foundations of Science 25 (4):1173-1201.
    The state of computing science and, particularly, software engineering and knowledge engineering is generally considered immature. The best starting point for achieving a mature engineering discipline is a solid scientific theory, and the primary reason behind the immaturity in these fields is precisely that computing science still has no such agreed upon underlying theory. As theories in other fields of science do, this paper formally establishes the fundamental elements and postulates making up a first attempt at a theory in this (...)
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  • Utility and Language Generation: The Case of Vagueness.Kees van Deemter - 2009 - Journal of Philosophical Logic 38 (6):607 - 632.
    This paper asks why information should ever be expressed vaguely, re-assessing some previously proposed answers to this question and suggesting some new ones. Particular attention is paid to the benefits that vague expressions can have in situations where agreement over the meaning of an expression cannot be taken for granted. A distinction between two different versions of the above-mentioned question is advocated. The first asks why human languages contain vague expressions, the second question asks when and why a speaker should (...)
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  • What Is It Like to Be a Social Scientist?Stephen J. DeCanio - 2017 - Critical Review: A Journal of Politics and Society 29 (2):121-140.
    ABSTRACTAlexander Wendt’s Quantum Mind and Social Science is an effort to establish foundations of social science based on the ontology of modern physics. The quantum revolution has deservedly had repercussions in many sciences, but it is unwise to ground social science on physical theories, which are subject to constant revision. Additionally, despite its empirical success, there is no agreed-upon interpretation of quantum theory. Finally, even if there were, the random indeterminacy intrinsic to the quantum world cannot account for the intentionality (...)
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  • Assessing Risk Aversion From the Investor’s Point of View.Antonio Díaz & Carlos Esparcia - 2019 - Frontiers in Psychology 10.
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  • Structural Rationality and the Property of Coherence.Marc-Kevin Daoust - 2023 - Pacific Philosophical Quarterly 104 (1):170-194.
    What is structural rationality? Specifically, what is the distinctive feature of structural requirements of rationality? Some philosophers have argued, roughly, that the distinctive feature of structural requirements is coherence. But what does coherence mean, exactly? Or, at least, what do structuralists about rationality have in mind when they claim that structural rationality is coherence? This issue matters for making progress in various active debates concerning rationality. In this paper, I analyze three strategies for figuring out what coherence means in the (...)
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  • Dynamic consistency of expected utility under non-classical uncertainty.V. I. Danilov, A. Lambert-Mogiliansky & V. Vergopoulos - 2018 - Theory and Decision 84 (4):645-670.
    Quantum cognition in decision making is a recent and rapidly growing field. In this paper, we develop an expected utility theory in a context of non-classical uncertainty. We replace the classical state space with a Hilbert space which allows introducing the concept of quantum lottery. Within that framework, we formulate axioms on preferences over quantum lotteries to establish a representation theorem. We show that demanding the consistency of choice behavior conditional on new information is equivalent to the von Neumann–Lüders postulate (...)
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  • The s-shaped utility function.R. Dacey - 2003 - Synthese 135 (2):243 - 272.
    The results generated by experimentalists in psychology and economics haveled to numerous advances in the study of human decision making under risk.Camerer (1995) and Rabin (1998) provide excellent reviews of the relevantliterature. These results clearly display the gap between normative theoriesof ideal behavior and descriptive theories of observed behavior. The mostprominent result is loss aversion – the observation that a loss is given greatervalue than a gain of an equal size – and the resulting S-shaped utility function.Rabin puts the key (...)
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  • A theory of conclusions.Raymond Dacey - 1978 - Philosophy of Science 45 (4):563-574.
    This paper presents a theory of conclusions based upon the suggestions of Tukey [21]. The logic offered here is based upon two rules of detachment that occur naturally in probabilistic inference, a traditional rule of acceptance, and a rule of rejection. The rules of detachment provide flexibility: the theory of conclusions can account for both statistical and deductive arguments. The rule of acceptance governs the acceptance of new conclusions, is a variant of the rule of high probability, and is a (...)
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  • Game Theory and the History of Ideas about Rationality: An Introductory Survey.Ann E. Cudd - 1993 - Economics and Philosophy 9 (1):101-133.
    Although it may seem from its formalism that game theory must have sprung from the mind of John von Neumann as a corollary of his work on computers or theoretical physics, it should come as no real surprise to philosophers that game theory is the articulation of a historically developing philosophical conception of rationality in thought and action. The history of ideas about rationality is deeply contradictory at many turns. While there are theories of rationality that claim it is fundamentally (...)
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  • The social turn of artificial intelligence.Nello Cristianini, Teresa Scantamburlo & James Ladyman - 2021 - AI and Society (online).
    Social machines are systems formed by material and human elements interacting in a structured way. The use of digital platforms as mediators allows large numbers of humans to participate in such machines, which have interconnected AI and human components operating as a single system capable of highly sophisticated behavior. Under certain conditions, such systems can be understood as autonomous goal-driven agents. Many popular online platforms can be regarded as instances of this class of agent. We argue that autonomous social machines (...)
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  • The implications of learning across perceptually and strategically distinct situations.Daniel Cownden, Kimmo Eriksson & Pontus Strimling - 2016 - Synthese:1-18.
    Game theory is a formal approach to behavior that focuses on the strategic aspect of situations. The game theoretic approach originates in economics but has been embraced by scholars across disciplines, including many philosophers and biologists. This approach has an important weakness: the strategic aspect of a situation, which is its defining quality in game theory, is often not its most salient quality in human cognition. Evidence from a wide range of experiments highlights this shortcoming. Previous theoretical and empirical work (...)
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  • Nozick, Ramsey, and symbolic utility.Wesley Cooper - 2008 - Utilitas 20 (3):301-322.
    I explore a connection between Robert Nozick's account of decision value/symbolic utility in The Nature of Rationality and F. P. Ramsey's discussion of ethically neutral propositions in his 1926 essay , a discussion that Brian Skyrms in Choice and Chance credits with disclosing deeper foundations for expected utility than the celebrated Theory of Games and Economic Behavior of von Neumann and Morgenstern. Ramsey's recognition of ethically non-neutral propositions is essential to his foundational work, and the similarity of these propositions to (...)
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  • How evolutionary biology challenges the classical theory of rational choice.W. S. Cooper - 1989 - Biology and Philosophy 4 (4):457-481.
    A fundamental philosophical question that arises in connection with evolutionary theory is whether the fittest patterns of behavior are always the most rational. Are fitness and rationality fully compatible? When behavioral rationality is characterized formally as in classical decision theory, the question becomes mathematically meaningful and can be explored systematically by investigating whether the optimally fit behavior predicted by evolutionary process models is decision-theoretically coherent. Upon investigation, it appears that in nontrivial evolutionary models the expected behavior is not always in (...)
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  • A Plea for Falsehoods.Juan Comesaña - 2020 - Philosophy and Phenomenological Research 100 (2):247-276.
    Philosophy and Phenomenological Research, EarlyView.
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  • Team reasoning cannot be viewed as a payoff transformation.Andrew M. Colman - 2024 - Economics and Philosophy 40 (1):1-11.
    In a recent article in this journal, Duijf claims to have proved that team reasoning can be viewed as a payoff transformation. His formalization mimics team reasoning but ignores its essential agency switch. The possibility of such a payoff transformation was never in doubt, does not imply that team reasoning can be viewed as a payoff transformation, and makes no sense in a game in which payoffs represent players’ utilities. A theorem is proved here that a simpler and more intuitive (...)
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  • The predictive mind and chess-playing: A reply to Shand.Matteo Colombo & Jan Sprenger - 2014 - Analysis 74 (4):603-608.
    In a recent Analysis piece, John Shand (2014) argues that the Predictive Theory of Mind provides a unique explanation for why one cannot play chess against oneself. On the basis of this purported explanatory power, Shand concludes that we have an extra reason to believe that PTM is correct. In this reply, we first rectify the claim that one cannot play chess against oneself; then we move on to argue that even if this were the case, Shand’s argument does not (...)
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  • Making Ado Without Expectations.Mark Colyvan & Alan Hájek - 2016 - Mind 125 (499):829-857.
    This paper is a response to Paul Bartha’s ‘Making Do Without Expectations’. We provide an assessment of the strengths and limitations of two notable extensions of standard decision theory: relative expectation theory and Paul Bartha’s relative utility theory. These extensions are designed to provide intuitive answers to some well-known problems in decision theory involving gaps in expectations. We argue that both RET and RUT go some way towards providing solutions to the problems in question but neither extension solves all the (...)
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  • Idealisations in normative models.Mark Colyvan - 2013 - Synthese 190 (8):1337-1350.
    In this paper I discuss the kinds of idealisations invoked in normative theories—logic, epistemology, and decision theory. I argue that very often the so-called norms of rationality are in fact mere idealisations invoked to make life easier. As such, these idealisations are not too different from various idealisations employed in scientific modelling. Examples of the latter include: fluids are incompressible (in fluid mechanics), growth rates are constant (in population ecology), and the gravitational influence of distant bodies can be ignored (in (...)
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  • How economists got it wrong: A nuanced account.David Colander - 2011 - Critical Review: A Journal of Politics and Society 23 (1-2):1-27.
    In the wake of the financial crisis of 2008, many economists have blamed economics for having failed to warn us. Paul Krugman, for example, in a well-known New York Times Magazine article, suggests that Classical economists were blinded by the beauty of mathematics, and that Keynesian economics is the path of the future. This paper argues that the evolution of economic thinking is much more nuanced than Krugman portrays it, and that instead of embracing what has become known as Keynesian (...)
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  • How Economists Got It Wrong: A Nuanced Account.David Colander - 2011 - Critical Review: A Journal of Politics and Society 23 (1):1-27.
    In the wake of the financial crisis of 2008, many economists have blamed economics for having failed to warn us. Paul Krugman, for example, in a well-known New York Times Magazine article, suggests that Classical economists were blinded by the beauty of mathematics, and that Keynesian economics is the path of the future. This paper argues that the evolution of economic thinking is much more nuanced than Krugman portrays it, and that instead of embracing what has become known as Keynesian (...)
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  • Attitudes toward risk are complicated: experimental evidence for the re-individuation approach to risk-attitudes.Haim Cohen, Anat Maril, Sun Bleicher & Ittay Nissan-Rozen - 2022 - Philosophical Studies 179 (8):2553-2577.
    We present experimental evidence that supports the thesis :602–625, 2015, Br J Philos Sci 70:77–102, 2019; Bradley in Decisions theory with a human face, Cambridge University Press, Cambridge, 2017; Goldschmidt and Nissan-Rozen in Synthese 198:7553–7575, 2021) that people might positively or negatively desire risky prospects conditional on only some of the prospects’ outcomes obtaining. We argue that this evidence has important normative implications for the central debate in normative decision theory between two general approaches on how to rationalize several common (...)
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  • Interpersonal Comparisons of the Good: Epistemic not Impossible.Mathew Coakley - 2016 - Utilitas 28 (3):288-313.
    To evaluate the overall good/welfare of any action, policy or institutional choice we need some way of comparing the benefits and losses to those affected: we need to make interpersonal comparisons of the good/welfare. Yet sceptics have worried either: that such comparisons are impossible as they involve an impossible introspection across individuals, getting ‘into their minds’; that they are indeterminate as individual-level information is compatible with a range of welfare numbers; or that they are metaphysically mysterious as they assume the (...)
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  • Risk Attitudes and Justifiability to Each.Pietro Cibinel - 2022 - Ethics 133 (1):106-121.
    How should we choose on behalf of people with different attitudes to risk? Simon Blessenohl has recently argued that this question poses a dilemma: it seems that sometimes we must choose either acts that everyone disprefers or else acts that are sure to turn out worse than some other act. In this article, I offer a complaints-centered account of how to take people’s attitudes to risk into consideration in our decision-making, and then I show that it provides a way out (...)
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  • Many Meanings of ‘Heuristic’.Sheldon J. Chow - 2015 - British Journal for the Philosophy of Science 66 (4):977-1016.
    A survey of contemporary philosophical and scientific literatures reveals that different authors employ the term ‘heuristic’ in ways that deviate from, and are sometimes inconsistent with, one another. Given its widespread use in philosophy and cognitive science generally, it is striking that there appears to be little concern for a clear account of what phenomena heuristics pick out or refer to. In response, I consider several accounts of ‘heuristic’, and I draw a number of distinctions between different sorts of heuristics (...)
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  • On the Ontological Turn in Economics: The Promises of Agent-Based Computational Economics.Shu-Heng Chen - 2020 - Philosophy of the Social Sciences 50 (3):238-259.
    This article argues that agent-based modeling is the methodological implication of Lawson’s championed ontological turn in economics. We single out three major properties of agent-based computational economics, namely, autonomous agents, social interactions, and the micro-macro links, which have been well accepted by the ACE community. We then argue that ACE does make a full commitment to the ontology of economics as proposed by Lawson, based on his prompted critical realism. Nevertheless, the article also points out the current limitations or constraints (...)
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  • Prospect relativity: how choice options influence decision under risk.Neil Stewart, Nick Chater, Henry P. Stott & Stian Reimers - 2003 - Journal of Experimental Psychology: General 132 (1):23.
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  • Ethics and game theory.John R. Chamberlin - 1989 - Ethics and International Affairs 3:261–276.
    Chamberlin insists on its validity in contributing to our thinking about the place of ethics in international affairs and in clarifying both the dangers and potential areas of cooperation inherent in many international relationships.
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  • Technological Literacy for Democracy: a Cost-Benefit Analysis.Manuel Carabantes - 2020 - Philosophy and Technology 34 (4):701-715.
    Proposals for the democratization of technology imply a necessary condition of universal emancipatory technological literacy. However, in the literature on the topic, people’s willingness to assume the cost in time and effort involved in acquiring that knowledge is often taken for granted. In this paper, we apply Anthony Downs’s economic theory of political action in democracy to analyze the cost-benefit ratio of this literacy from the perspective of the individual subject who should acquire it. Our conclusion is that the cost (...)
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  • Logic for dialogue games.Lauri Carlson - 1994 - Synthese 99 (3):377 - 415.
    The purpose of this paper is to work toward an explicit logic and semantics for a game theoretically inspired theory of action. The purpose of the logic is to explicate the conceptual machinery implicit in the dialogue-game model of rational discourse developed in Carlson (1983).A variety of ideas and techniques of modal and philosophical logic are used to define a model structure that generalizes the game theoretical notion of a game in extensive form (von Neumann and Morgenstern, 1944). Relative to (...)
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  • Coalitional Interval Games for Strategic Games in Which Players Cooperate.Luisa Carpente, Balbina Casas-Méndez, Ignacio García-Jurado & Anne van den Nouweland - 2008 - Theory and Decision 65 (3):253-269.
    We propose a method to associate a coalitional interval game with each strategic game. The method is based on the lower and upper values of finite two-person zero-sum games. Associating with a strategic game a coalitional interval game we avoid having to take either a pessimistic or an optimistic approach to the problem. The paper makes two contributions to the literature: It provides a theoretical foundation for the study of coalitional interval games and it also provides, studies, and characterizes a (...)
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  • The Normative Standard for Future Discounting.Craig Callender - 2021 - Australasian Philosophical Review 5 (3):227-253.
    This paper challenges the conventional wisdom dominating the social sciences and philosophy regarding temporal discounting, the practice of discounting the value of future utility when making decisions. Although there are sharp disagreements about temporal discounting, a kind of standard model has arisen, one that begins with a normative standard about how we should make intertemporal comparisons of utility. This standard demands that in so far as one is rational one discounts utilities at future times with an exponential discount function. Tracing (...)
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