This book defends the view that any adequate account of rational decision making must take a decision maker's beliefs about causal relations into account. The early chapters of the book introduce the non-specialist to the rudiments of expected utility theory. The major technical advance offered by the book is a 'representation theorem' that shows that both causal decision theory and its main rival, Richard Jeffrey's logic of decision, are both instances of a more general conditional decision theory. The book solves (...) a long-standing problem for Jeffrey's theory by showing for the first time how to obtain a unique utility and probability representation for preferences and judgements of comparative likelihood. The book also contains a major new discussion of what it means to suppose that some event occurs or that some proposition is true. The most complete and robust defence of causal decision theory available. (shrink)

Practical deliberation often involves conditional judgements about what will (likely) happen if certain alternatives are pursued. It is widely assumed that the conditionals useful in deliberation are counterfactual or subjunctive conditionals. Against this, I argue that the conditionals of deliberation are indicatives. Key to the argument is an account of the relation between 'straightforward' future-directed conditionals like ' If the house is not painted, it will soon look quite shabby' and * "w e r e ' ' e d F (...) D C s like ' If the house were not to be painted, it would soon look quite shabby': an account on which both of these types of FDCs are grouped with the indicatives for semantic treatment and on which, while conditionals of both types are properly used in means/ends deliberations, those of the ' were'ed-up variety are especially well suited for that purpose. (shrink)

Reminiscences of Peter, by P. Oppenheim.--Natural kinds, by W. V. Quine.--Inductive independence and the paradoxes of confirmation, by J. Hintikka.--Partial entailment as a basis for inductive logic, by W. C. Salmon.--Are there non-deductive logics?, by W. Sellars.--Statistical explanation vs. statistical inference, by R. C. Jeffre--Newcomb's problem and two principles of choice, by R. Nozick.--The meaning of time, by A. Grünbaum.--Lawfulness as mind-dependent, by N. Rescher.--Events and their descriptions: some considerations, by J. Kim.--The individuation of events, by D. Davidson.--On properties, by (...) H. Putnam.--A method for avoiding the Curry paradox, by F. B. Fitch.--Publications (1934-1969) by Carl G. Hempel (p. [266]-270). (shrink)

I defend the view that the truth conditions of the ordinary indicative conditional are those of the material conditional. This is done via a discussion of assertability and by appeal to conventional implicature rather than conversational implicature.

I aim to show that standard theories of counterfactuals are mistaken, not in detail, but in principle, and I aim to say what form a tenable theory must take. Standard theories entail a categorical interpretation of counterfactuals, on which to state that, if it were that A, it would be that C is to state something, not relative to any supposition or hypothesis, but categorically. On the rival suppositional interpretation, to state that, if it were that A, it would be (...) that C is to state that it would be that C relative to the supposition that it were that A. The two interpretations make incompatible predictions concerning the correct evaluation of counterfactuals. I argue that the suppositional interpretation makes the correct prediction. (shrink)

A conditional takes the form ‘If A, then C’. On the truth-conditional view of conditionals, conditional statements state things with truth-conditions. On the suppositional view, conditional statements involve the expression of a supposition. I develop and defend a view on which conditional statements both state things with truth-conditions and express suppositions. On this view, something is fundamentally right about standard truth-conditional and standard suppositional views. Considerations in favor of conditional contents lead us to attribute truth-conditional contents to conditional statements; considerations (...) in favor of the suppositional view then lead us to an unexpected account of these contents. The resulting view has a number of benefits, including a unified treatment of conditional speech acts, a plausible account of our practice of ascribing truth-values to conditional statements, a simple explanation of the apparent equivalence between probabilities of conditionals and conditional probabilities, an intuitive treatment of ‘Gibbardian stand-offs’, a plausible logic of conditionals, and an explanation of why theorizing about conditionals has proved so difficult. (shrink)

Practical deliberation often involves conditional judgements about what will happen if certain alternatives are pursued. It is widely assumed that the conditionals useful in deliberation are counterfactual or subjunctive conditionals. Against this, I argue that the conditionals of deliberation are indicatives. Key to the argument is an account of the relation between ‘straightforward’ future-directed conditionals like ‘If the house is not painted, it will soon look quite shabby’ and ‘ “were”ed-up’ FDCs like ‘If the house were not to be painted, (...) it would soon look quite shabby’: an account on which both of these types of FDCs are grouped with the indicatives for semantic treatment and on which, while conditionals of both types are properly used in means/ends deliberations, those of the ‘were’ed-up variety are especially well suited for that purpose. (shrink)

In Decision Space: Multidimensional Utility Analysis, first published in 2001, Paul Weirich increases the power and versatility of utility analysis and in the process advances decision theory. Combining traditional and novel methods of option evaluation into one systematic method of analysis, multidimensional utility analysis is a valuable tool. It provides formulations of important decision principles, such as the principle to maximize expected utility; enriches decision theory in solving recalcitrant decision problems; and provides in particular for the cases in which an (...) expert must make a decision for a group of people. The multiple dimensions of this analysis create a decision space broad enough to accommodate all factors affecting an option's utility. The book will be of interest to advanced students and professionals working in the subject of decision theory, as well as to economists and other social scientists. (shrink)

Let us call a statement of the form ‘If A was, is, or will be the case, then C was, is, or will be the case’ an indicative conditional. And let us call a statement of the form ‘If A had been, were, or were to be the case, then C would have been, would be, or would come to be the case’ a subjunctive, or counterfactual, conditional.