Results for 'expected value theory'

957 found
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  1. An Expected Value Approach to the Dual-Use Problem.Thomas Douglas - 2013 - In Selgelid Michael & Rappert Brian (eds.), On the Dual Uses of Science and Ethics. Australian National University Press.
    In this chapter I examine how expected-value theory might inform responses to what I call the dual-use problem. I begin by defining that problem. I then outline a procedure, which invokes expected-value theory, for tackling it. I first illustrate the procedure with the aid of a simplified schematic example of a dual-use problem, and then describe how it might also guide responses to more complex real-world cases. I outline some attractive features of the procedure. (...)
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  2. Maximising Expected Value Under Axiological Uncertainty. An Axiomatic Approach.Stefan Riedener - 2015 - Dissertation, Oxford
    The topic of this thesis is axiological uncertainty – the question of how you should evaluate your options if you are uncertain about which axiology is true. As an answer, I defend Expected Value Maximisation (EVM), the view that one option is better than another if and only if it has the greater expected value across axiologies. More precisely, I explore the axiomatic foundations of this view. I employ results from state-dependent utility theory, extend them (...)
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  3. Egalitarian Justice and Expected Value.Carl Knight - 2013 - Ethical Theory and Moral Practice 16 (5):1061-1073.
    According to all-luck egalitarianism, the differential distributive effects of both brute luck, which defines the outcome of risks which are not deliberately taken, and option luck, which defines the outcome of deliberate gambles, are unjust. Exactly how to correct the effects of option luck is, however, a complex issue. This article argues that (a) option luck should be neutralized not just by correcting luck among gamblers, but among the community as a whole, because it would be unfair for gamblers as (...)
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  4. 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 (...)
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  5. Modality, expected utility, and hypothesis testing.WooJin Chung & Salvador Mascarenhas - 2023 - Synthese 202 (1):1-40.
    We introduce an expected-value theory of linguistic modality that makes reference to expected utility and a likelihood-based confirmation measure for deontics and epistemics, respectively. The account is a probabilistic semantics for deontics and epistemics, yet it proposes that deontics and epistemics share a common core modal semantics, as in traditional possible-worlds analysis of modality. We argue that this account is not only theoretically advantageous, but also has far-reaching empirical consequences. In particular, we predict modal versions of (...)
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  6. Expected choiceworthiness and fanaticism.Calvin Baker - 2024 - Philosophical Studies 181 (5).
    Maximize Expected Choiceworthiness (MEC) is a theory of decision-making under moral uncertainty. It says that we ought to handle moral uncertainty in the way that Expected Value Theory (EVT) handles descriptive uncertainty. MEC inherits from EVT the problem of fanaticism. Roughly, a decision theory is fanatical when it requires our decision-making to be dominated by low-probability, high-payoff options. Proponents of MEC have offered two main lines of response. The first is that MEC should simply (...)
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  7. Uncertain Values: An Axiomatic Approach to Axiological Uncertainty.Stefan Riedener - 2021 - Berlin, Germany: De Gruyter.
    How ought you to evaluate your options if you're uncertain about what's fundamentally valuable? A prominent response is Expected Value Maximisation (EVM)—the view that under axiological uncertainty, an option is better than another if and only if it has the greater expected value across axiologies. But the expected value of an option depends on quantitative probability and value facts, and in particular on value comparisons across axiologies. We need to explain what it (...)
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  8. Infinite Aggregation and Risk.Hayden Wilkinson - 2023 - Australasian Journal of Philosophy 101 (2):340-359.
    For aggregative theories of moral value, it is a challenge to rank worlds that each contain infinitely many valuable events. And, although there are several existing proposals for doing so, few provide a cardinal measure of each world's value. This raises the even greater challenge of ranking lotteries over such worlds—without a cardinal value for each world, we cannot apply expected value theory. How then can we compare such lotteries? To date, we have just (...)
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  9. Can an evidentialist be risk-averse?Hayden Wilkinson - manuscript
    Two key questions of normative decision theory are: 1) whether the probabilities relevant to decision theory are evidential or causal; and 2) whether agents should be risk-neutral, and so maximise the expected value of the outcome, or instead risk-averse (or otherwise sensitive to risk). These questions are typically thought to be independent---that our answer to one bears little on our answer to the other. But there is a surprising argument that they are not. In this paper, (...)
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  10. Tiny Probabilities of Vast Value.Petra Kosonen - 2022 - Dissertation, Oxford University
    The topic of this thesis is how we should treat tiny probabilities of vast value. This thesis consists of six independent papers. Chapter 1 discusses the idea that utilities are bounded. It shows that bounded decision theories prescribe prospects that are better for no one and worse for some if combined with an additive axiology. Chapter 2, in turn, points out that standard axiomatizations of Expected Utility Theory violate dominance in cases that involve possible states of zero (...)
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  11. Utilitarianism with and without expected utility.David McCarthy, Kalle Mikkola & Joaquin Teruji Thomas - 2020 - Journal of Mathematical Economics 87:77-113.
    We give two social aggregation theorems under conditions of risk, one for constant population cases, the other an extension to variable populations. Intra and interpersonal welfare comparisons are encoded in a single ‘individual preorder’. The theorems give axioms that uniquely determine a social preorder in terms of this individual preorder. The social preorders described by these theorems have features that may be considered characteristic of Harsanyi-style utilitarianism, such as indifference to ex ante and ex post equality. However, the theorems are (...)
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  12. The Relatively Infinite Value of the Environment.Paul Bartha & C. Tyler DesRoches - 2017 - Australasian Journal of Philosophy 95 (2):328-353.
    Some environmental ethicists and economists argue that attributing infinite value to the environment is a good way to represent an absolute obligation to protect it. Others argue against modelling the value of the environment in this way: the assignment of infinite value leads to immense technical and philosophical difficulties that undermine the environmentalist project. First, there is a problem of discrimination: saving a large region of habitat is better than saving a small region; yet if both outcomes (...)
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  13. Surreal Decisions.Eddy Keming Chen & Daniel Rubio - 2020 - Philosophy and Phenomenological Research 100 (1):54-74.
    Although expected utility theory has proven a fruitful and elegant theory in the finite realm, attempts to generalize it to infinite values have resulted in many paradoxes. In this paper, we argue that the use of John Conway's surreal numbers shall provide a firm mathematical foundation for transfinite decision theory. To that end, we prove a surreal representation theorem and show that our surreal decision theory respects dominance reasoning even in the case of infinite values. (...)
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  14. Expecting the Unexpected.Tom Dougherty, Sophie Horowitz & Paulina Sliwa - 2015 - Res Philosophica 92 (2):301-321.
    In an influential paper, L. A. Paul argues that one cannot rationally decide whether to have children. In particular, she argues that such a decision is intractable for standard decision theory. Paul's central argument in this paper rests on the claim that becoming a parent is ``epistemically transformative''---prior to becoming a parent, it is impossible to know what being a parent is like. Paul argues that because parenting is epistemically transformative, one cannot estimate the values of the various outcomes (...)
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  15. Difference Minimizing Theory.Christopher J. G. Meacham - 2019 - Ergo: An Open Access Journal of Philosophy 6.
    Standard decision theory has trouble handling cases involving acts without finite expected values. This paper has two aims. First, building on earlier work by Colyvan (2008), Easwaran (2014), and Lauwers and Vallentyne (2016), it develops a proposal for dealing with such cases, Difference Minimizing Theory. Difference Minimizing Theory provides satisfactory verdicts in a broader range of cases than its predecessors. And it vindicates two highly plausible principles of standard decision theory, Stochastic Equivalence and Stochastic Dominance. (...)
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  16. Decision Theory.Ben Eggleston - 2017 - In Sacha Golob & Jens Timmermann (eds.), The Cambridge History of Moral Philosophy. New York: Cambridge University Press. pp. 706-717.
    A book chapter (about 4,000 words, plus references) on decision theory in moral philosophy, with particular attention to uses of decision theory in specifying the contents of moral principles (e.g., expected-value forms of act and rule utilitarianism), uses of decision theory in arguing in support of moral principles (e.g., the hypothetical-choice arguments of Harsanyi and Rawls), and attempts to derive morality from rationality (e.g., the views of Gauthier and McClennen).
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  17.  46
    The Strategic Allocation Theory of Vigilance.Samuel Murray & Santiago Amaya - forthcoming - WIREs Cognitive Science.
    Despite its importance in different occupational and everyday contexts, vigilance, typically defined as the capacity to sustain attention over time, is remarkably limited. What explains these limits? Two theories have been proposed. The Overload Theory states that being vigilant consumes limited information-processing resources; when depleted, task performance degrades. The Underload Theory states that motivation to perform vigilance tasks declines over time, thereby prompting attentional shifts and hindering performance. We highlight some conceptual and empirical problems for both theories and (...)
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  18. Moral uncertainty and human embryo experimentation.Graham Oddie - 1994 - In K. W. M. Fulford, Grant Gillett & Janet Martin Soskice (eds.), Medicine and Moral Reasoning. New York: Cambridge University Press. pp. 3--144.
    Moral dilemmas can arise from uncertainty, including uncertainty of the real values involved. One interesting example of this is that of experimentation on human embryos and foetuses, If these have a moral stauts similar to that of human persons then there will be server constraitns on what may be done to them. If embryous have a moral status similar to that of other small clusters of cells, then constraints will be motivated largely by consideration for the persons into whom the (...)
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  19. Individual Climate Risks at the Bounds of Rationality.Avram Hiller - 2023 - In Adriana Placani & Stearns Broadhead (eds.), _Risk and Responsibility in Context_. New York: Routledge. pp. 249-271.
    All ordinary decisions involve some risk. If I go outside for a walk, I may trip and injure myself. But if I don’t go for a walk, I slightly increase my chances of cardiovascular disease. Typically, we disregard most small risks. When, for practical purposes, is it appropriate for one to ignore risk? This issue looms large because many activities performed by those in wealthy societies, such as driving a car, in some way risk contributing to climate harms. Are these (...)
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  20. Decision under normative uncertainty.Franz Dietrich & Brian Jabarian - 2022 - Economics and Philosophy 38 (3):372-394.
    While ordinary decision theory focuses on empirical uncertainty, real decision-makers also face normative uncertainty: uncertainty about value itself. From a purely formal perspective, normative uncertainty is comparable to (Harsanyian or Rawlsian) identity uncertainty in the 'original position', where one's future values are unknown. A comprehensive decision theory must address twofold uncertainty -- normative and empirical. We present a simple model of twofold uncertainty, and show that the most popular decision principle -- maximising expected value (`Expectationalism') (...)
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  21. Taking Stock of Infinite Value: Pascal’s Wager and Relative Utilities.Paul Bartha - 2007 - Synthese 154 (1):5-52.
    Among recent objections to Pascal's Wager, two are especially compelling. The first is that decision theory, and specifically the requirement of maximizing expected utility, is incompatible with infinite utility values. The second is that even if infinite utility values are admitted, the argument of the Wager is invalid provided that we allow mixed strategies. Furthermore, Hájek has shown that reformulations of Pascal's Wager that address these criticisms inevitably lead to arguments that are philosophically unsatisfying and historically unfaithful. Both (...)
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  22. Instrumental Rationality Without Separability.Johanna Thoma - 2018 - Erkenntnis 85 (5):1219-1240.
    This paper argues that instrumental rationality is more permissive than expected utility theory. The most compelling instrumentalist argument in favour of separability, its core requirement, is that agents with non-separable preferences end up badly off by their own lights in some dynamic choice problems. I argue that once we focus on the question of whether agents’ attitudes to uncertain prospects help define their ends in their own right, or instead only assign instrumental value in virtue of the (...)
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  23. Second Thoughts about My Favourite Theory.Johan E. Gustafsson - 2022 - Pacific Philosophical Quarterly 103 (3):448-470.
    A straightforward way to handle moral uncertainty is simply to follow the moral theory in which you have most credence. This approach is known as My Favourite Theory. In this paper, I argue that, in some cases, My Favourite Theory prescribes choices that are, sequentially, worse in expected moral value than the opposite choices according to each moral theory you have any credence in. In addition this, problem generalizes to other approaches that avoid intertheoretic (...)
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  24. Better Economics for the Earth: A Lesson from Quantum and Information Theories.Quan-Hoang Vuong & Minh-Hoang Nguyen - 2024 - Hanoi, Vietnam: AISDL.
    To become more useful and efficient in sustaining the Earth's health, economics must undergo a paradigm shift in its thinking. From a humanistic perspective, humans should be the center of everything. However, from the standpoint of physics and the universe, this is not the case. As a species, having a planet among the millions in the universe where humans can survive and thrive is already a great fortune. Through this book, we also try to answer one of our long-standing questions: (...)
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  25. "when do I get my money" a probabilistic theory of knowledge.Jonny Blamey - 2011 - Dissertation, Kcl
    The value of knowledge can vary in that knowledge of important facts is more valuable than knowledge of trivialities. This variation in the value of knowledge is mirrored by a variation in evidential standards. Matters of greater importance require greater evidential support. But all knowledge, however trivial, needs to be evidentially certain. So on one hand we have a variable evidential standard that depends on the value of the knowledge, and on the other, we have the invariant (...)
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  26. Modeling the concept of truth using the largest intrinsic fixed point of the strong Kleene three valued semantics (in Croatian language).Boris Culina - 2004 - Dissertation, University of Zagreb
    The thesis deals with the concept of truth and the paradoxes of truth. Philosophical theories usually consider the concept of truth from a wider perspective. They are concerned with questions such as - Is there any connection between the truth and the world? And, if there is - What is the nature of the connection? Contrary to these theories, this analysis is of a logical nature. It deals with the internal semantic structure of language, the mutual semantic connection of sentences, (...)
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  27. Military Ethics and Strategy: Senior Commanders, Moral Values and Cultural Perspectives.Shannon Brandt Ford - 2015 - In Jr Lucas (ed.), Routledge Handbook of Military Ethics. London: Routledge.
    In this chapter, I explore the importance of ethics education for senior military officers with responsibilities at the strategic level of government. One problem, as I see it, is that senior commanders might demand “ethics” from their soldiers but then they are themselves primarily informed by a “morally skeptical viewpoint” (in the form of political realism). I argue that ethics are more than a matter of personal behavior alone: the ethical position of an armed service is a matter of the (...)
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  28. What You're Rejecting When You're Expecting.Blake Hereth - 2023 - Journal of Bioethical Inquiry (3):1-12.
    I defend two collapsing or reductionist arguments against Weak Pro-Natalism (WPN), the view that procreation is generally merely permissible. In particular, I argue that WPN collapses into Strong Pro-Natalism (SPN), the view that procreation is generally obligatory. Because SPN conflicts with the dominant view that procreation is never obligatory, demonstrating that WPN collapses into or entails SPN establishes epistemic parity (at least as concerns reproductive liberty) between WPN and Anti-Natalism (AN), the view that procreation is always impermissible. First, I distinguish (...)
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  29. Paradoxicality in Kripke’s theory of truth.Lucas Rosenblatt & Camila Gallovich - 2022 - Synthese 200 (2):1-23.
    A lot has been written on solutions to the semantic paradoxes, but very little on the topic of general theories of paradoxicality. The reason for this, we believe, is that it is not easy to disentangle a solution to the paradoxes from a specific conception of what those paradoxes consist in. This paper goes some way towards remedying this situation. We first address the question of what one should expect from an account of paradoxicality. We then present one conception of (...)
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  30. 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 (...)
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  31. Can redescriptions of outcomes salvage the axioms of decision theory?Jean Baccelli & Philippe Mongin - 2021 - Philosophical Studies 179 (5):1621-1648.
    The basic axioms or formal conditions of decision theory, especially the ordering condition put on preferences and the axioms underlying the expected utility formula, are subject to a number of counter-examples, some of which can be endowed with normative value and thus fall within the ambit of a philosophical reflection on practical rationality. Against such counter-examples, a defensive strategy has been developed which consists in redescribing the outcomes of the available options in such a way that the (...)
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  32. The Concept of a University: Theory, Practice, and Society.Trystan S. Goetze - 2019 - Danish Yearbook of Philosophy 52 (1):61-81.
    Current disputes over the nature and purpose of the university are rooted in a philosophical divide between theory and practice. Academics often defend the concept of a university devoted to purely theoretical activities. Politicians and wider society tend to argue that the university should take on more practical concerns. I critique two typical defenses of the theoretical concept—one historical and one based on the value of pure research—and show that neither the theoretical nor the practical concept of a (...)
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  33. 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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  34. A New Anti-Expertise Dilemma.Thomas Raleigh - 2021 - Synthese (3-4):1-19.
    Instability occurs when the very fact of choosing one particular possible option rather than another affects the expected values of those possible options. In decision theory: An act is stable iff given that it is actually performed, its expected utility is maximal. When there is no stable choice available, the resulting instability can seem to pose a dilemma of practical rationality. A structurally very similar kind of instability, which occurs in cases of anti-expertise, can likewise seem to (...)
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  35. Bell's Theorem Begs the Question.Joy Christian - manuscript
    I demonstrate that Bell's theorem is based on circular reasoning and thus a fundamentally flawed argument. It unjustifiably assumes the additivity of expectation values for dispersion-free states of contextual hidden variable theories for non-commuting observables involved in Bell-test experiments, which is tautologous to assuming the bounds of ±2 on the Bell-CHSH sum of expectation values. Its premises thus assume in a different guise the bounds of ±2 it sets out to prove. Once this oversight is ameliorated from Bell's argument by (...)
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  36. Expected Utility Theory.Philippe Mongin - 1998 - In John Davis, Hands B., Mäki Wade & Uskali (eds.). Edward Elgar. pp. 342-350.
    The paper summarizes expected utility theory, both in its original von Neumann-Morgenstern version and its later developments, and discusses the normative claims to rationality made by this theory.
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  37. (1 other version)The meaning of "darn it!".Luc Bovens & Wlodek Rabinowicz - 2015 - In Iwao Hirose & Andrew Evan Reisner (eds.), Weighing and Reasoning: Themes From the Philosophy of John Broome. New York, NY: Oxford University Press UK. pp. 129-39.
    In decision-theory, the notion of regret enters into the minimax decision-rule and has a determinate usage in this context. However, there are many alternative ways of conceiving of regret. The chapter constructs the einmalist- nicht-keinmal ('once is not never') game, in which a single sampling radically changes the expected value of the game in a way that is quite counterintuitive, as the basis for studying regret after a loss following the choice of an uncertain action. Crucially, the (...)
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  38. Energy Non-conservation in Quantum Mechanics.Sean M. Carroll & Jackie Lodman - 2021 - Foundations of Physics 51 (4):1-15.
    We study the conservation of energy, or lack thereof, when measurements are performed in quantum mechanics. The expectation value of the Hamiltonian of a system changes when wave functions collapse in accordance with the standard textbook treatment of quantum measurement, but one might imagine that the change in energy is compensated by the measuring apparatus or environment. We show that this is not true; the change in the energy of a state after measurement can be arbitrarily large, independent of (...)
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  39. Clark and Shackel on the Two‐Envelope Paradox.Jonathan Weisberg & Christopher Meacham - 2003 - Mind 112 (448):685-689.
    Clark and Shackel have recently argued that previous attempts to resolve the two-envelope paradox fail, and that we must look to symmetries of the relevant expected-value calculations for a solution. Clark and Shackel also argue for a novel solution to the peeking case, a variant of the two-envelope scenario in which you are allowed to look in your envelope before deciding whether or not to swap. Whatever the merits of these solutions, they go beyond accepted decision theory, (...)
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  40. Faculty evaluation in higher education: a theory-of-action case study in Vietnam.Lan Anh Thi Nguyen - 2022 - Dissertation, The University of Auckland
    The growth in neoliberal or market-driven higher education has challenged traditional approaches to evaluating faculty members. The involvement of multiple stakeholders (i.e., accreditation bodies, quality assurance officers, administrators, teaching faculty, and students) has led to different and sometimes conflicting needs in faculty evaluation. While extant literature generally suggests that faculty evaluation in contemporary higher education is strongly associated with accountability purposes, little is known about how key agents at the institutional level use evaluation for learning and improvement. Thus, this study (...)
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  41. Honour, face and reputation in political theory.Peter Olsthoorn - 2008 - European Journal of Political Theory 7 (4):472-491.
    Until fairly recently it was not uncommon for political theorists to hold the view that people cannot be expected to act in accordance with the public interest without some incentive. Authors such as Marcus Tullius Cicero, John Locke, David Hume and Adam Smith, for instance, held that people often act in accordance with the public interest, but more from a concern for their honour and reputation than from a concern for the greater good. Today, most authors take a more (...)
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  42. A trilemma for the lexical utility model of the precautionary principle.H. Orri Stefánsson - forthcoming - Philosophical Studies:1-17.
    Bartha and DesRoches (2021) and Steel and Bartha (2023) argue that we should understand the precautionary principle as the injunction to maximise lexical utilities. They show that the lexical utility model has important pragmatic advantages. Moreover, the model has the theoretical advantage of satisfying all axioms of expected utility theory except continuity. In this paper I raise a trilemma for any attempt at modelling the precautionary principle with lexical utilities: it permits choice cycles or leads to paralysis or (...)
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  43. Expected utility theory, Jeffrey’s decision theory, and the paradoxes.Philippe Mongin & Jean Baccelli - 2020 - Synthese 199 (1):695-713.
    In Richard Bradley’s book, Decision Theory with a Human Face, we have selected two themes for discussion. The first is the Bolker-Jeffrey theory of decision, which the book uses throughout as a tool to reorganize the whole field of decision theory, and in particular to evaluate the extent to which expected utility theories may be normatively too demanding. The second theme is the redefinition strategy that can be used to defend EU theories against the Allais and (...)
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  44. Metanormativity: Solving questions about moral and empirical uncertainty.Nicholas Kluge Corrêa & Nythamar Fernandes de Oliveira - 2020 - Ethic@: An International Journal for Moral Philosophy 19 (3):790-810.
    How can someone reconcile the desire to eat meat, and a tendency toward vegetarian ideals? How should we reconcile contradictory moral values? How can we aggregate different moral theories? How individual preferences can be fairly aggregated to represent a will, norm, or social decision? Conflict resolution and preference aggregation are tasks that intrigue philosophers, economists, sociologists, decision theorists, and many other scholars, being a rich interdisciplinary area for research. When trying to solve questions about moral uncertainty a meta understanding of (...)
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  45.  86
    Proportionality, Defensive Alliance Formation, and Mearsheimer on Ukraine.Benjamin D. King - 2023 - Etikk I Praksis - Nordic Journal of Applied Ethics 2:69-82.
    In this article, I consider the permissibility of forming defensive alliances, which is a neglected topic in the contemporary literature on the ethics of war and peace. Drawing on the jus ad bellum criterion of proportionality in just war theory, I argue that if permissible defensive force requires that its expected harms must be counterbalanced by its expected goods, then, permissible defensive alliance formation seems to also require that its expected harms must be counterbalanced by its (...)
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  46. (2 other versions)175 An ethical analysis of evidence-based medicine.Wesley J. Park - 2022 - BMJ Evidence-Based Medicine 27 (Suppl 1):A48.
    Evidence-based medicine is a clinical decision-making framework which makes claims about what physicians ought to do. Though heralded as the cutting edge of medical science, evidence-based medicine is a value-laden normative theory which implicitly depends on substantive views regarding what is morally good or right. In this paper, I provide an ethical analysis of evidence-based medicine. I consider its normative underpinnings in three ethical theories: utilitarianism, Kantian deontology, and virtue ethics. In the face of uncertainty, evidence-based medicine endorses (...)
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  47. Continuity and catastrophic risk.H. Orri Stefánsson - 2022 - Economics and Philosophy 38 (2):266-274.
    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 (...)
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  48. The Enigma Of Probability.Nick Ergodos - 2014 - Journal of Cognition and Neuroethics 2 (1):37-71.
    Using “brute reason” I will show why there can be only one valid interpretation of probability. The valid interpretation turns out to be a further refinement of Popper’s Propensity interpretation of probability. Via some famous probability puzzles and new thought experiments I will show how all other interpretations of probability fail, in particular the Bayesian interpretations, while these puzzles do not present any difficulties for the interpretation proposed here. In addition, the new interpretation casts doubt on some concepts often taken (...)
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  49. A Structural Equation Model on Pro-Social Skills and Expectancy-Value of STEM Students.Starr Clyde Sebial & Joy Mirasol - 2023 - European Journal of Educational Research 12 (2):967-976.
    The objective of the study was to develop a structural model that explores the relationship between Mathematics Performance and students’ self-regulated learning skills, grit, and expectancy-value towards science, technology, engineering and mathematics (STEM). The research collected survey data from 664 senior high school students from 17 STEM high schools, and conducted a covariance-based structural equation modeling (SEM) analysis. The results of the SEM analysis indicate that the Re-specified Self-Regulated Learning Skill – Expectancy-Value towards STEM – Grit – Mathematics (...)
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  50. The Dr. Psycho Paradox and Newcomb’s Problem.Michael Clark & Nicholas Shackel - 2006 - Erkenntnis 64 (1):85 - 100.
    Nicholas Rescher claims that rational decision theory “may leave us in the lurch”, because there are two apparently acceptable ways of applying “the standard machinery of expected-value analysis” to his Dr. Psycho paradox which recommend contradictory actions. He detects a similar contradiction in Newcomb’s problem. We consider his claims from the point of view of both Bayesian decision theory and causal decision theory. In Dr. Psycho and in Newcomb’s Problem, Rescher has used premisses about probabilities (...)
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