Results for 'Sanford H. Kadish'

942 found
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  1. Defending Philosophy in the Face of Systematic Disagreement.Sanford Goldberg - 2012 - In Diego E. Machuca (ed.), Disagreement and skepticism. New York: Routledge. pp. 277-294.
    I believe that the sort of disagreements we encounter in philosophy—disagreements that often take the form that I have elsewhere called system- atic peer disagreements—make it unreasonable to think that there is any knowledge, or even justified belief, when the disagreements themselves are systematic. I readily acknowledge that this skeptical view is quite controversial; I suspect many are unconvinced. However, I will not be defending it here. Rather, I will be exploring a worry, or set of worries, that arise on (...)
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  2. The Logic of Opacity.Andrew Bacon & Jeffrey Sanford Russell - 2017 - Philosophy and Phenomenological Research 99 (1):81-114.
    We explore the view that Frege's puzzle is a source of straightforward counterexamples to Leibniz's law. Taking this seriously requires us to revise the classical logic of quantifiers and identity; we work out the options, in the context of higher-order logic. The logics we arrive at provide the resources for a straightforward semantics of attitude reports that is consistent with the Millian thesis that the meaning of a name is just the thing it stands for. We provide models to show (...)
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  3. Updating without evidence.Yoaav Isaacs & Jeffrey Sanford Russell - 2023 - Noûs 57 (3):576-599.
    Sometimes you are unreliable at fulfilling your doxastic plans: for example, if you plan to be fully confident in all truths, probably you will end up being fully confident in some falsehoods by mistake. In some cases, there is information that plays the classical role of evidence—your beliefs are perfectly discriminating with respect to some possible facts about the world—and there is a standard expected‐accuracy‐based justification for planning to conditionalize on this evidence. This planning‐oriented justification extends to some cases where (...)
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  4. Divine Hiddenness and Other Evidence.Charity Anderson & Jeffrey Sanford Russell - 2013 - In L. Kvanvig Jonathan (ed.), Oxford Studies in Philosophy of Religion. Oxford University Press.
    Many people do not know or believe there is a God, and many experience a sense of divine absence. Are these (and other) “divine hiddenness” facts evidence against the existence of God? Using Bayesian tools, we investigate *evidential arguments from divine hiddenness*, and respond to two objections to such arguments. The first objection says that the problem of hiddenness is just a special case of the problem of evil, and so if one has responded to the problem of evil then (...)
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  5. The problem of the many minds.Bradley Monton & Sanford Goldberg - 2006 - Minds and Machines 16 (4):463-470.
    It is argued that, given certain reasonable premises, an infinite number of qualitatively identical but numerically distinct minds exist per functioning brain. The three main premises are (1) mental properties supervene on brain properties; (2) the universe is composed of particles with nonzero extension; and (3) each particle is composed of continuum-many point-sized bits of particle-stuff, and these points of particle-stuff persist through time.
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  6. On Two Arguments for Fanaticism.Jeffrey Sanford Russell - 2023 - Noûs 58 (3):565-595.
    Should we make significant sacrifices to ever-so-slightly lower the chance of extremely bad outcomes, or to ever-so-slightly raise the chance of extremely good outcomes? *Fanaticism* says yes: for every bad outcome, there is a tiny chance of extreme disaster that is even worse, and for every good outcome, there is a tiny chance of an enormous good that is even better. I consider two related recent arguments for Fanaticism: Beckstead and Thomas's argument from *strange dependence on space and time*, and (...)
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  7. Infinite Prospects.Jeffrey Sanford Russell & Yoaav Isaacs - 2021 - Philosophy and Phenomenological Research 103 (1):178-198.
    People with the kind of preferences that give rise to the St. Petersburg paradox are problematic---but not because there is anything wrong with infinite utilities. Rather, such people cannot assign the St. Petersburg gamble any value that any kind of outcome could possibly have. Their preferences also violate an infinitary generalization of Savage's Sure Thing Principle, which we call the *Countable Sure Thing Principle*, as well as an infinitary generalization of von Neumann and Morgenstern's Independence axiom, which we call *Countable (...)
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  8. Groupthink.Jeffrey Sanford Russell, John Hawthorne & Lara Buchak - 2015 - Philosophical Studies 172 (5):1287-1309.
    How should a group with different opinions (but the same values) make decisions? In a Bayesian setting, the natural question is how to aggregate credences: how to use a single credence function to naturally represent a collection of different credence functions. An extension of the standard Dutch-book arguments that apply to individual decision-makers recommends that group credences should be updated by conditionalization. This imposes a constraint on what aggregation rules can be like. Taking conditionalization as a basic constraint, we gather (...)
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  9. Temporary Safety Hazards.Jeffrey Sanford Russell - 2016 - Noûs 50 (4):152-174.
    The Epistemic Objection says that certain theories of time imply that it is impossible to know which time is absolutely present. Standard presentations of the Epistemic Objection are elliptical—and some of the most natural premises one might fill in to complete the argument end up leading to radical skepticism. But there is a way of filling in the details which avoids this problem, using epistemic safety. The new version has two interesting upshots. First, while Ross Cameron alleges that the Epistemic (...)
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  10. Fixing Stochastic Dominance.Jeffrey Sanford Russell - forthcoming - The British Journal for the Philosophy of Science.
    Decision theorists widely accept a stochastic dominance principle: roughly, if a risky prospect A is at least as probable as another prospect B to result in something at least as good, then A is at least as good as B. Recently, philosophers have applied this principle even in contexts where the values of possible outcomes do not have the structure of the real numbers: this includes cases of incommensurable values and cases of infinite values. But in these contexts the usual (...)
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  11. General Dynamic Triviality Theorems.Jeffrey Sanford Russell & John Hawthorne - 2016 - Philosophical Review 125 (3):307-339.
    Famous results by David Lewis show that plausible-sounding constraints on the probabilities of conditionals or evaluative claims lead to unacceptable results, by standard probabilistic reasoning. Existing presentations of these results rely on stronger assumptions than they really need. When we strip these arguments down to a minimal core, we can see both how certain replies miss the mark, and also how to devise parallel arguments for other domains, including epistemic “might,” probability claims, claims about comparative value, and so on. A (...)
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  12. Quality and Quantifiers.Jeffrey Sanford Russell - 2018 - Australasian Journal of Philosophy 96 (3):562-577.
    I examine three ‘anti-object’ metaphysical views: nihilism, generalism, and anti-quantificationalism. After setting aside nihilism, I argue that generalists should be anti-quantificationalists. Along the way, I attempt to articulate what a ‘metaphysically perspicuous’ language might even be.
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  13. Possible Worlds and the Objective World.Jeffrey Sanford Russell - 2013 - Philosophy and Phenomenological Research 90 (2):389-422.
    David Lewis holds that a single possible world can provide more than one way things could be. But what are possible worlds good for if they come apart from ways things could be? We can make sense of this if we go in for a metaphysical understanding of what the world is. The world does not include everything that is the case—only the genuine facts. Understood this way, Lewis's “cheap haecceitism” amounts to a kind of metaphysical anti-haecceitism: it says there (...)
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  14. Possible Patterns.Jeffrey Sanford Russell & John Hawthorne - 2018 - Oxford Studies in Metaphysics 11.
    “There are no gaps in logical space,” David Lewis writes, giving voice to sentiment shared by many philosophers. But different natural ways of trying to make this sentiment precise turn out to conflict with one another. One is a *pattern* idea: “Any pattern of instantiation is metaphysically possible.” Another is a *cut and paste* idea: “For any objects in any worlds, there exists a world that contains any number of duplicates of all of those objects.” We use resources from model (...)
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  15. Multiple Universes and Self-Locating Evidence.Yoaav Isaacs, John Hawthorne & Jeffrey Sanford Russell - 2022 - Philosophical Review 131 (3):241-294.
    Is the fact that our universe contains fine-tuned life evidence that we live in a multiverse? Ian Hacking and Roger White influentially argue that it is not. We approach this question through a systematic framework for self-locating epistemology. As it turns out, leading approaches to self-locating evidence agree that the fact that our own universe contains fine-tuned life indeed confirms the existence of a multiverse. This convergence is no accident: we present two theorems showing that, in this setting, any updating (...)
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  16. Non-Archimedean Preferences Over Countable Lotteries.Jeffrey Sanford Russell - 2020 - Journal of Mathematical Economics 88 (May 2020):180-186.
    We prove a representation theorem for preference relations over countably infinite lotteries that satisfy a generalized form of the Independence axiom, without assuming Continuity. The representing space consists of lexicographically ordered transfinite sequences of bounded real numbers. This result is generalized to preference orders on abstract superconvex spaces.
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  17. The Structure of Gunk: Adventures in the Ontology of Space.Jeffrey Sanford Russell - 2008 - In Dean Zimmerman (ed.), Oxford Studies in Metaphysics: Volume 4. Oxford University Press UK. pp. 248.
    Could space consist entirely of extended regions, without any regions shaped like points, lines, or surfaces? Peter Forrest and Frank Arntzenius have independently raised a paradox of size for space like this, drawing on a construction of Cantor’s. I present a new version of this argument and explore possible lines of response.
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  18. Qualitative Grounds.Jeffrey Sanford Russell - 2016 - Philosophical Perspectives 30 (1):309-348.
    Suppose that all non-qualitative facts are grounded in qualitative facts. I argue that this view naturally comes with a picture in which trans-world identity is indeterminate. But this in turn leads to either pervasive indeterminacy in the non-qualitative, or else contingency in what facts about modality and possible worlds are determinate.
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  19. Actuality for Counterpart Theorists.Jeffrey Sanford Russell - 2013 - Mind 122 (485):85-134.
    The counterpart theorist has a problem: there is no obvious way to understand talk about actuality in terms of counterparts. Fara and Williamson have charged that this obstacle cannot be overcome. Here I defend the counterpart theorist by offering systematic interpretations of a quantified modal language that includes an actuality operator. Centrally, I disentangle the counterpart relation from a related notion, a ‘representation relation’. The relation of possible things to the actual things they represent is variable, and an adequate account (...)
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  20. Composition as Abstraction.Jeffrey Sanford Russell - 2017 - Journal of Philosophy 114 (9):453-470.
    The existence of mereological sums can be derived from an abstraction principle in a way analogous to numbers. I draw lessons for the thesis that “composition is innocent” from neo-Fregeanism in the philosophy of mathematics.
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  21. How Much is at Stake for the Pragmatic Encroacher.Jeffrey Sanford Russell - 2019 - Oxford Studies in Epistemology 6.
    “Pragmatic encroachers” about knowledge generally advocate two ideas: (1) you can rationally act on what you know; (2) knowledge is harder to achieve when more is at stake. Charity Anderson and John Hawthorne have recently argued that these two ideas may not fit together so well. I extend their argument by working out what “high stakes” would have to mean for the two ideas to line up, using decision theory.
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  22. Indefinite Divisibility.Jeffrey Sanford Russell - 2016 - Inquiry: An Interdisciplinary Journal of Philosophy 59 (3):239-263.
    Some hold that the lesson of Russell’s paradox and its relatives is that mathematical reality does not form a ‘definite totality’ but rather is ‘indefinitely extensible’. There can always be more sets than there ever are. I argue that certain contact puzzles are analogous to Russell’s paradox this way: they similarly motivate a vision of physical reality as iteratively generated. In this picture, the divisions of the continuum into smaller parts are ‘potential’ rather than ‘actual’. Besides the intrinsic interest of (...)
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  23. Discussion between Philip Højme and Andrew P. Keltner: On Tech.Philip Højme & Andrew Keltner - 2023 - Gcas Magazine.
    Both Philip and Andrew are philosophy students whose interests converge around the philosophy of technology broadly understood. Philip's interest is specifically aimed toward the ethics of Transhumanism and depictions of Transhumanism in works of fiction. On the other hand, Andrew finds himself more focused on religious behavior in the technological world. While the two perspectives might not seem that close, there is certain to be an overlap in Andrew and Philip's shared understanding of how technological phenomena play a crucial role (...)
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  24. On Where Things Could Be.Jeffrey Sanford Russell - 2014 - Philosophy of Science 81 (1):60-80.
    Some philosophers respond to Leibniz’s “shift” argument against absolute space by appealing to antihaecceitism about possible worlds, using David Lewis’s counterpart theory. But separated from Lewis’s distinctive system, it is difficult to understand what this doctrine amounts to or how it bears on the Leibnizian argument. In fact, the best way of making sense of the relevant kind of antihaecceitism concedes the main point of the Leibnizian argument, pressing us to consider alternative spatiotemporal metaphysics.
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  25. On the Probability of Plenitude.Jeffrey Sanford Russell - 2020 - Journal of Philosophy 117 (5):267-292.
    I examine what the mathematical theory of random structures can teach us about the probability of Plenitude, a thesis closely related to David Lewis's modal realism. Given some natural assumptions, Plenitude is reasonably probable a priori, but in principle it can be (and plausibly it has been) empirically disconfirmed—not by any general qualitative evidence, but rather by our de re evidence.
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  26. The Value of Normative Information.Jeffrey Sanford Russell - forthcoming - Australasian Journal of Philosophy.
    This paper explores the idea that it is instrumentally valuable to learn normative truths. We consider an argument for "normative hedging" based on this principle, and examine the structure of decision-making under moral uncertainty that arises from it. But it also turns out that the value of normative information is inconsistent with the principle that learning *empirical* truths is instrumentally valuable. We conclude with a brief comment on "metanormative regress.".
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  27. W.V. Quine, Immanuel Kant Lectures, translated and introduced by H.G. Callaway.H. G. Callaway & W. V. Quine (eds.) - 2003 - Frommann-Holzboog.
    This book is a translation of W.V. Quine's Kant Lectures, given as a series at Stanford University in 1980. It provide a short and useful summary of Quine's philosophy. There are four lectures altogether: I. Prolegomena: Mind and its Place in Nature; II. Endolegomena: From Ostension to Quantification; III. Endolegomena loipa: The forked animal; and IV. Epilegomena: What's It all About? The Kant Lectures have been published to date only in Italian and German translation. The present book is filled out (...)
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  28. Planning for Pascal's Mugging.Jeffrey Sanford Russell - manuscript
    In "Pascal's Mugging" (Bostrom 2009), Pascal gives away his wallet for an extremely tiny chance of an extremely large reward. In this continuation of Bostrom's story, Pascal's friend counsels him to take into account the possibility of making mistakes about his true expected utilities, and they consider to what extent this will help Pascal make plans to avoid future muggings.
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  29. On the Compositional Nature of the Aspects.H. J. Verkuyl - 1972 - Dordrecht, Netherlands: D.Reidel Publishing Company.
    This book is a thesis submitted to the Faculty of Arts of the University of Utrecht. It was prepared under the supervision of Prof. Dr. H. Schultink. I would like to express my gratitude to him for his criticisms of earlier versions which led to many improvements, in particular with respect to the exposition of the argument. To my co-referent Dirk van Dalen, reader in the Department of Philo sophy (,Centrale Interfaculteit') of the University of Utrecht, I am greatly indebted (...)
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  30. Punishment and Responsibility: Essays in the Philosophy of Law.H. L. A. Hart - 1968 - Oxford University Press.
    This classic collection of essays, first published in 1968, represents H.L.A. Hart's landmark contribution to the philosophy of criminal responsibility and punishment. Unavailable for ten years, this new edition reproduces the original text, adding a new critical introduction by John Gardner, a leading contemporary criminal law theorist.
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  31. Bashar H. Malkawi, Signing Ceremony of MOU on Professional Legal Diploma, Government of Dubai 2020.Bashar H. Malkawi - 2020 - Dubai Legal Periodical 2:1.
    Signing Ceremony of MOU on Professional Legal Diploma, Government of Dubai 2020.
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  32. Sleeping Beauty's evidence.Jeffrey Sanford Russell - 2024 - In Maria Lasonen-Aarnio & Clayton Littlejohn (eds.), The Routledge Handbook of the Philosophy of Evidence. New York, NY: Routledge.
    What degrees of belief does Sleeping Beauty's evidence support? That depends.
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  33. Should I Offset or Should I Do More Good?H. Orri Stefánsson - 2022 - Ethics, Policy and Environment 25 (3):225-241.
    ABSTRACT Offsetting is a very ineffective way to do good. Offsetting your lifetime emissions may increase aggregated life expectancy by at most seven years, while giving the amount it costs to offset your lifetime emissions to a malaria charity saves in expectation the life of at least one child. Is there any moral reason to offset rather than giving to some charity that does good so much more effectively? There might be such a reason if your offsetting compensated or somehow (...)
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  34. What Is Risk Aversion?H. Orii Stefansson & Richard Bradley - 2019 - British Journal for the Philosophy of Science 70 (1):77-102.
    According to the orthodox treatment of risk preferences in decision theory, they are to be explained in terms of the agent's desires about concrete outcomes. The orthodoxy has been criticised both for conflating two types of attitudes and for committing agents to attitudes that do not seem rationally required. To avoid these problems, it has been suggested that an agent's attitudes to risk should be captured by a risk function that is independent of her utility and probability functions. The main (...)
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  35. Bashar H. Malkawi, Regional Agreements and Regulatory Barriers to Trade in Services: Building Blocks to the Multilateral Foundation.Bashar H. Malkawi - 2019 - Journal of Business Law 34:251-265.
    Jordan agreed to extensive liberalization undertakings under the General Agreement on Trade in Services (“GATS”) that would open some sectors that were previously closed or restricted to foreign suppliers and investors. It undertook horizontal commitments in cross-border movement of individuals and commercial presence covering all types of services.
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  36. Ambiguity Aversion behind the Veil of Ignorance.H. Orri Stefánsson - 2021 - Synthese 198 (7):6159-6182.
    The veil of ignorance argument was used by John C. Harsanyi to defend Utilitarianism and by John Rawls to defend the absolute priority of the worst off. In a recent paper, Lara Buchak revives the veil of ignorance argument, and uses it to defend an intermediate position between Harsanyi's and Rawls' that she calls Relative Prioritarianism. None of these authors explore the implications of allowing that agent's behind the veil are averse to ambiguity. Allowing for aversion to ambiguity---which is both (...)
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  37. Adaptive Preference.H. E. Baber - 2007 - Social Theory and Practice 33 (1):105-126.
    I argue, first, that the deprived individuals whose predicaments Nussbaum cites as examples of "adaptive preference" do not in fact prefer the conditions of their lives to what we should regard as more desirable alternatives, indeed that we believe they are badly off precisely because they are not living the lives they would prefer to live if they had other options and were aware of them. Secondly, I argue that even where individuals in deprived circumstances acquire tastes for conditions that (...)
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  38. Identified Person "Bias" as Decreasing Marginal Value of Chances.H. Orri Stefánsson - 2024 - Noûs 58 (2):536-561.
    Many philosophers think that we should use a lottery to decide who gets a good to which two persons have an equal claim but which only one person can get. Some philosophers think that we should save identified persons from harm even at the expense of saving a somewhat greater number of statistical persons from the same harm. I defend a principled way of justifying both judgements, namely, by appealing to the decreasing marginal moral value of survival chances. I identify (...)
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  39. Counterfactual Skepticism and Multidimensional Semantics.H. Orri Stefánsson - 2018 - Erkenntnis 83 (5):875-898.
    It has recently been argued that indeterminacy and indeterminism make most ordinary counterfactuals false. I argue that a plausible way to avoid such counterfactual skepticism is to postulate the existence of primitive modal facts that serve as truth-makers for counterfactual claims. Moreover, I defend a new theory of ‘might’ counterfactuals, and develop assertability and knowledge criteria to suit such unobservable ‘counterfacts’.
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  40. In defence of Pigou-Dalton for chances.Stefánsson H. Orri - 2023 - Utilitas 35 (4):292-311.
    I defend a weak version of the Pigou-Dalton principle for chances. The principle says that it is better to increase the survival chance of a person who is more likely to die rather than a person who is less likely to die, assuming that the two people do not differ in any other morally relevant respect. The principle justifies plausible moral judgements that standard ex post views, such as prioritarianism and rank-dependent egalitarianism, cannot accommodate. However, the principle can be justified (...)
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  41. The Pragmatist Challenge: Pragmatist Metaphysics for Philosophy of Science.H. K. Andersen & Sandra D. Mitchell (eds.) - 2023 - Oxford, UK: Oxford University Press.
    This volume offers a collection of in-depth explorations of pragmatism as a framework for discussions in philosophy of science and metaphysics. Each chapter involves explicit reflection on what it means to be pragmatist, and how to use pragmatism as a guiding framework in addressing topics such as realism, unification, fundamentality, truth, laws, reduction, and more. -/- .
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  42. Counting Your Chickens.Yoaav Isaacs, Adam Lerner & Jeffrey Sanford Russell - 2024 - Australasian Journal of Philosophy 102 (3):675-692.
    Suppose that, for reasons of animal welfare, it would be better if everyone stopped eating chicken. Does it follow that you should stop eating chicken? Proponents of the “inefficacy objection” argue that, due to the scale and complexity of markets, the expected effects of your chicken purchases are negligible. So the expected effects of eating chicken do not make it wrong. -/- We argue that this objection does not succeed, in two steps. First, empirical data about chicken production tells us (...)
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  43. What is the Matter with Matter? Barad, Butler, and Adorno.P. Højme - 2024 - Matter: Journal of New Materialist Research 9.
    This article aims to read feminist new materialisms (Barad), together with ‘postulated’ linguistic or cultural primacy of Queer Theory (Butler), to show how both are engaged in similar critical-ethical endeavours. The central argument is that the criticism of Barad and new materialisms misses Butler’s materialistic insights due to a narrow interpretation of Butler's alleged social-constructivist position. There is, therefore, a specific focus on where they both make similar ethical appeals. Moreover, the article relies on Adorno's negative dialectic to highlight an (...)
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  44.  68
    ‘Ohne Gewalt’. Justicia y dislocación en el Proyecto ‘Gewalt’ de 1921 y ‘Kafka’ de 1934 de Walter Benjamin.Diego Fernández H. - 2023 - Trans/Form/Ação 46 (3):127-152.
    The relationship between “Towards a Critique of Violence” (1921) and the work of Franz Kafka has been well established by several critical studies devoted to Walter Benjamin. However, it is striking that Benjamin himself, already well acquainted with the work of the Czech writer in 1921, never made any comment to Kafka’s work in this essay, and, more broadly, in any of the related texts that make up the project on the ‘Critique of Violence’. In this article, we analyze a (...)
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  45. Catastrophic risk.H. Orri Stefánsson - 2020 - Philosophy Compass 15 (11):1-11.
    Catastrophic risk raises questions that are not only of practical importance, but also of great philosophical interest, such as how to define catastrophe and what distinguishes catastrophic outcomes from non-catastrophic ones. Catastrophic risk also raises questions about how to rationally respond to such risks. How to rationally respond arguably partly depends on the severity of the uncertainty, for instance, whether quantitative probabilistic information is available, or whether only comparative likelihood information is available, or neither type of information. Finally, catastrophic risk (...)
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  46. Collective Responsibility.H. D. Lewis - 1948 - Philosophy 23 (84):3 - 18.
    If I were asked to put forward an ethical principle which I considered to be especially certain, it would be that no one can be responsible, in the properly ethical sense, for the conduct of another. Responsibility belongs essentially to the individual. The implications of this principle are much more far-reaching than is evident at first, and reflection upon them may lead many to withdraw the assent which they might otherwise be very ready to accord to this view of responsibility. (...)
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  47. On the Limits of the Precautionary Principle.H. Orri Stefansson - 2019 - Risk Analysis 39 (6):1204-1222.
    The Precautionary Principle (PP) is an influential principle of risk management. It has been widely introduced into environmental legislation, and it plays an important role in most international environmental agreements. Yet, there is little consensus on precisely how to understand and formulate the principle. In this paper I prove some impossibility results for two plausible formulations of the PP as a decision-rule. These results illustrate the difficulty in making the PP consistent with the acceptance of any trade-offs between catastrophic risks (...)
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  48. Revisionary dispositionalism and practical reason.H. Lillehammer - 2000 - The Journal of Ethics 4 (3):173-190.
    This paper examines the metaphysically modest view that attributionsof normative reasons can be made true in the absence of a responseindependent normative reality. The paper despairs in finding asatisfactory account of normative reasons in metaphysically modestterms.
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  49. (1 other version)Eucharist: metaphysical miracle or institutional fact?H. E. Baber - 2013 - International Journal for Philosophy of Religion 74 (3):333-352.
    Presence as ordinarily understood requires spatio-temporal proximity. If however Christ’s presence in the Eucharist is understood in this way it would take a miracle to secure multiple location and an additional miracle to cover it up so that the presence of Christ where the Eucharist was celebrated made no empirical difference. And, while multiple location is logically possible, such metaphysical miracles—miracles of distinction without difference, which have no empirical import—are problematic. I propose an account of Eucharist according to which Christ (...)
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  50. The Economics and Philosophy of Risk.H. Orri Stefansson - 2022 - In Conrad Heilmann & Julian Reiss (eds.), Routledge Handbook of Philosophy of Economics. Routledge.
    Neoclassical economists use expected utility theory to explain, predict, and prescribe choices under risk, that is, choices where the decision-maker knows---or at least deems suitable to act as if she knew---the relevant probabilities. Expected utility theory has been subject to both empirical and conceptual criticism. This chapter reviews expected utility theory and the main criticism it has faced. It ends with a brief discussion of subjective expected utility theory, which is the theory neoclassical economists use to explain, predict, and prescribe (...)
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