Continuity and Catastrophic Risk

Economics and Philosophy:1-9 (forthcoming)
Download Edit this record How to cite View on PhilPapers
Suppose that a decision-maker's aim, under certainty, is to maximise some continuous value, such as lifetime income or continuous social welfare. Can such a decision-maker rationally satisfy what has been called "continuity for easy cases" while at the same time satisfying what seems to be a widespread intuition against the full-blown continuity axiom of expected utility theory? In this note I argue that the answer is "no": given transitivity and a weak trade-off principle, continuity for easy cases violates the anti-continuity intuition. I end the note by exploring an even weaker continuity condition that is consistent with the aforementioned intuition.
PhilPapers/Archive ID
Upload history
Archival date: 2021-05-06
View other versions
Added to PP index

Total views
62 ( #52,360 of 2,448,660 )

Recent downloads (6 months)
62 ( #9,874 of 2,448,660 )

How can I increase my downloads?

Downloads since first upload
This graph includes both downloads from PhilArchive and clicks on external links on PhilPapers.