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Expectations and Choiceworthiness

Mind 120 (479):803-817 (2011)

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  1. Evaluating the pasadena, altadena, and st petersburg gambles.Terrence L. Fine - 2008 - Mind 117 (467):613-632.
    By recourse to the fundamentals of preference orderings and their numerical representations through linear utility, we address certain questions raised in Nover and Hájek 2004, Hájek and Nover 2006, and Colyvan 2006. In brief, the Pasadena and Altadena games are well-defined and can be assigned any finite utility values while remaining consistent with preferences between those games having well-defined finite expected value. This is also true for the St Petersburg game. Furthermore, the dominance claimed for the Altadena game over the (...)
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  • Strong and weak expectations.Kenny Easwaran - 2008 - Mind 117 (467):633-641.
    Fine has shown that assigning any value to the Pasadena game is consistent with a certain standard set of axioms for decision theory. However, I suggest that it might be reasonable to believe that the value of an individual game is constrained by the long-run payout of repeated plays of the game. Although there is no value that repeated plays of the Pasadena game converges to in the standard strong sense, I show that there is a weaker sort of convergence (...)
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  • Vexing expectations.Harris Nover & Alan Hájek - 2004 - Mind 113 (450):237-249.
    We introduce a St. Petersburg-like game, which we call the ‘Pasadena game’, in which we toss a coin until it lands heads for the first time. Your pay-offs grow without bound, and alternate in sign (rewards alternate with penalties). The expectation of the game is a conditionally convergent series. As such, its terms can be rearranged to yield any sum whatsoever, including positive infinity and negative infinity. Thus, we can apparently make the game seem as desirable or undesirable as we (...)
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