Results for 'gambles'

74 found
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  1. Why are there no platypuses at the Olympics?: A teleological case for athletes with disorders of sexual development to compete within their sex category.Nathan Gamble & Michal Pruski - 2020 - South African Journal of Sports Medicine 32 (1).
    In mid-2019, the controversy regarding South African runner Caster Semenya’s eligibility to participate in competitions against other female runners culminated in a Court of Arbitration for Sport judgement. Semenya possessed high endogenous testosterone levels (arguably a performance advantage), secondary to a disorder of sexual development. In this commentary, Aristotelean teleology is used to defend the existence of ‘male’ and ‘female’ as discrete categories. It is argued that once the athlete’s sex is established, they should be allowed to compete in the (...)
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  2. Belief gambles in epistemic decision theory.Mattias Skipper - 2021 - Philosophical Studies 178 (2):407-426.
    Don’t form beliefs on the basis of coin flips or random guesses. More generally, don’t take belief gambles: if a proposition is no more likely to be true than false given your total body of evidence, don’t go ahead and believe that proposition. Few would deny this seemingly innocuous piece of epistemic advice. But what, exactly, is wrong with taking belief gambles? Philosophers have debated versions of this question at least since the classic dispute between William Clifford and (...)
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  3. Understanding Your Game: A Mathematician's Advice for Rational and Safe Gambling.Catalin Barboianu - 2022 - Târgu Jiu, Romania: PhilScience Press.
    The author proposes in this practical guide for both problem and non-problem gamblers a new pragmatic, conceptual approach of gambling mathematics. The primary aim of this guide is the adequate understanding of the essence and complexity of gambling through its mathematical dimension. The author starts from the premise that formal gambling mathematics, which is hardly even digestible for the non-math-inclined gamblers, is ineffective alone in correcting the specific cognitive distortions associated with gambling. By applying the latest research results in this (...)
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  4.  44
    Reflection of the mathematical dimension of gambling in iGaming online content - A qualitative analysis: Factors influencing the content policies - Technical report no. 7.Catalin Barboianu - 2024 - Philscience.
    With the previous technical reports, we presented the main insights from the qualitative analysis of the reflection of the mathematical dimension of gambling in gambling-related sites, in its structural, linguistic, epistemic, and informative aspects. In this report we will focus on the factors responsible for the patterns that the content of the gambling-related sites exhibit and the way that the mathematical dimension of gambling is reflected in this content, namely the factors that influence the content policies of these sites. The (...)
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  5. Discounting Desirable Gambles.Gregory Wheeler - 2021 - Proceedings of Machine Learning Research 147:331-341.
    The desirable gambles framework offers the most comprehensive foundations for the theory of lower pre- visions, which in turn affords the most general ac- count of imprecise probabilities. Nevertheless, for all its generality, the theory of lower previsions rests on the notion of linear utility. This commitment to linearity is clearest in the coherence axioms for sets of desirable gambles. This paper considers two routes to relaxing this commitment. The first preserves the additive structure of the desirable (...) framework and the machinery for coherent inference but detaches the interpretation of desirability from the multiplicative scale invariance axiom. The second strays from the additive combination axiom to accommodate repeated gambles that return rewards by a non-stationary processes that is not necessarily additive. Unlike the first approach, which is a conservative amendment to the desirable gambles framework, the second is a rad- ical departure. Yet, common to both is a method for describing rewards called discounted utility. (shrink)
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  6. Non-mathematical dimensions of randomness: Implications for problem gambling.Catalin Barboianu - 2024 - Journal of Gambling Issues 36.
    Randomness, a core concept of gambling, is seen in problem gambling as responsible for the formation of the math-related cognitive distortions, especially the Gambler’s Fallacy. In problem-gambling research, the concept of randomness was traditionally referred to as having a mathematical nature and categorized and approached as such. Randomness is not a mathematical concept, and I argue that its weak mathematical dimension is not decisive at all for the randomness-related issues in gambling and problem gambling, including the correction of the misconceptions (...)
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  7. (1 other version)Qualitative analysis of the reflection of the mathematical dimension of gambling in gaming online content – Technical report no. 1.Catalin Barboianu - 2023 - Philscience.
    The current study evaluates qualitatively how the mathematical dimension of gambling is reflected in the content of gambling websites. A number of gambling websites have been reviewed for their content in that respect. A statistical analysis recorded the presence of the mathematical dimension of gambling and its forms in the content of the participating websites, and a qualitative research study analyzed and assessed the quality of the content with respect to that dimension. The technical reports associated with this study describe (...)
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  8. The reflection of the mathematical dimension of gambling in iGaming content: A qualitative analysis - Technical report no. 3.Catalin Barboianu - 2023 - Philscience.
    The current technical report of the research project investigating how the mathematical dimension of gambling is reflected in the communication and texts associated with the gambling industry raises the problem of the adequacy of sampling and proposes a new approach in this respect. The qualitative analysis of the reviewed websites is extended to a deeper analysis of language and also to the organization and structure of websites’ content. Although not stated as a goal of the initial project, the research will (...)
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  9. (2 other versions)Reflection of the mathematical dimension of gambling in iGaming online content: A qualitative analysis - Fourth technical report.Catalin Barboianu - 2024 - Philscience.
    In light of the observations and research design presented in the previous reports, the current technical report is focused on the relationship between the quality and specificity of the content of the gambling sites and the site’s SEO and marketing policy. This relationship is dependent upon the category of the gambling site and the difference in content quality, and the degree to which the mathematical dimension of gambling is reflected in this content is explained by this dependence.
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  10. Option luck, gambling, and fairness.Daniel Butt - 2012 - Ethical Perspectives 19 (3):417-443.
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  11. Gambling with humanity at sea: states' legislative and policy responses to irregular migration in the Indian Ocean.Mohammad Rubaiyat Rahman - 2021 - Journal of the Indian Ocean Region 17 (3):306-322.
    It cannot be overstated that in recent times the gravity and complexity of irregular maritime migration have triggered concerns and debates in the academic domains of International Relations and International Law. The article examines how states’ compliance with, and enforcement of, international law and legal norms would tackle the challenges of irregular migration in the Indian Ocean region. The legislative and policy challenges regarding irregular migration can be analyzed under two segments. First, there is a lack of comprehensive discussion about (...)
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  12. The Epistemology of the Near Miss and Its Potential Contribution in the Prevention and Treatment of Problem-Gambling.Catalin Barboianu - 2019 - Journal of Gambling Studies 1:1-16.
    The near-miss has been considered an important factor of reinforcement in gambling behavior, and previous research has focused more on its industry-related causes and effects and less on the gaming phenomenon itself. The near-miss has usually been associated with the games of slots and scratch cards, due to the special characteristics of these games, which include the possibility of pre-manipulation of award symbols in order to increase the frequency of these “engineered” near-misses. In this paper, we argue that starting from (...)
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  13. Probability Guide to Gambling: The Mathematics of Dice, Slots, Roulette, Baccarat, Blackjack, Poker, Lottery and Sport Bets.Catalin Barboianu - 2006 - Craiova, Romania: Infarom.
    Over the past two decades, gamblers have begun taking mathematics into account more seriously than ever before. While probability theory is the only rigorous theory modeling the uncertainty, even though in idealized conditions, numerical probabilities are viewed not only as mere mathematical information, but also as a decision-making criterion, especially in gambling. This book presents the mathematics underlying the major games of chance and provides a precise account of the odds associated with all gaming events. It begins by explaining in (...)
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  14. Griffiths, M., Shonin, E., & Van Gordon, W. (2015). Mindfulness as a treatment for gambling disorder. Journal of Gambling and Commercial Gaming Research, In Press.Mark Griffiths, Edo Shonin & William Van Gordon - 2015 - Journal of Gambling and Commercial Gaming Research 1:1-6.
    Mindfulness is a form of meditation that derives from Buddhist practice and is one of the fastest growing areas of psychological research. Studies investigating the role of mindfulness in the treatment of behavioural addictions have – to date – primarily focused on gambling disorder. Recent pilot studies and clinical case studies have demonstrated that weekly mindfulness therapy sessions can lead to clinically significant change among individuals with gambling problems. Although preliminary findings indicate that there are applications for mindfulness approaches in (...)
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  15. Mathematical models of games of chance: Epistemological taxonomy and potential in problem-gambling research.Catalin Barboianu - 2015 - UNLV Gaming Research and Review Journal 19 (1):17-30.
    Games of chance are developed in their physical consumer-ready form on the basis of mathematical models, which stand as the premises of their existence and represent their physical processes. There is a prevalence of statistical and probabilistic models in the interest of all parties involved in the study of gambling – researchers, game producers and operators, and players – while functional models are of interest more to math-inclined players than problem-gambling researchers. In this paper I present a structural analysis of (...)
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  16. John Paul II’s Gamble with ‘the Meaning of Life’.Joshua P. Hochschild - 2021 - Studia Gilsoniana 10 (3):491-515.
    One of John Paul II’s remarkable innovations was his embrace of the question of “the meaning of life.” The question of “the meaning of life” was never asked before the 19th century, and it was slow to be integrated into Catholic discourse. When the question of life’s meaning emerged, it effectively replaced a prior question, about the purpose or te-los of life, with a very different set of theoretical assumptions. From the traditional per-spective, the question of life’s meaning is highly (...)
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  17. Logic and Gambling.Stephen Spielman - manuscript
    This paper outlines a formal recursive wager resolution calculus (WRC) that provides a novel conceptual framework for sentential logic via bridge rules that link wager resolution with truth values. When paired with a traditional truth-centric criterion of logical soundness WRC generates a sentential logic that is broadly truth-conditional but not truth-functional, supports the rules of proof employed in standard mathematics, and is immune to the most vexing features of their traditional implementation. WRC also supports a novel probabilistic criterion of logical (...)
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  18. The Mathematical Facts Of Games Of Chance Between Exposure, Teaching, And Contribution To Cognitive Therapies: Principles Of An Optimal Mathematical Intervention For Responsible Gambling.Catalin Barboianu - 2013 - Romanian Journal of Experimental Applied Psychology 4 (3):25-40.
    On the question of whether gambling behavior can be changed as result of teaching gamblers the mathematics of gambling, past studies have yielded contradictory results, and a clear conclusion has not yet been drawn. In this paper, I bring some criticisms to the empirical studies that tended to answer no to this hypothesis, regarding the sampling and laboratory testing, and I argue that an optimal mathematical scholastic intervention with the objective of preventing problem gambling is possible, by providing the principles (...)
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  19. Why high-risk, non-expected-utility-maximising gambles can be rational and beneficial: the case of HIV cure studies.Lara Buchak - 2016 - Journal of Medical Ethics (2):1-6.
    Some early phase clinical studies of candidate HIV cure and remission interventions appear to have adverse medical risk–benefit ratios for participants. Why, then, do people participate? And is it ethically permissible to allow them to participate? Recent work in decision theory sheds light on both of these questions, by casting doubt on the idea that rational individuals prefer choices that maximise expected utility, and therefore by casting doubt on the idea that researchers have an ethical obligation not to enrol participants (...)
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  20. Psychopathic Personality Traits and Iowa Gambling Task Performance in Incarcerated Offenders.Melissa A. Hughesa, Mairead C. Dolan, Jennifer S. Trueblood & Julie C. Stout - 2015 - Psychiatry, Psychology and Law 22 (1):134-144.
    There is a paucity of research on how psychopathy relates to decision-making. In this study, we assessed the relationship between affective decision-making and psychopathic personality. A sample of prisoners (n D 49) was characterized in terms of psychopathic traits using the Psychopathic Checklist: Screening Version (PCL:SV). Decision-making was assessed using the Iowa Gambling Task (IGT). Higher levels of psychopathy related to more advantageous choices (p D .003). Also counter-intuitively, higher levels of antisocial traits (facet 4) predicted advantageous choices during the (...)
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  21. African Numbers Games and Gambler Motivation: 'Fahfee' in Contemporary South African.Stephen Louw - 2018 - African Affairs 117 (466):109-129.
    Since independence, at least 28 African countries have legalized some form of gambling. Yet a range of informal gambling activities have also flourished, often provoking widespread public concern about the negative social and economic impact of unregulated gambling on poor communities. This article addresses an illegal South African numbers game called fahfee. Drawing on interviews with players, operators, and regulatory officials, this article explores two aspects of this game. First, it explores the lives of both players and runners, as well (...)
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  22. Exposing some points of interest about non-exposed points of desirability.Arthur Van Camp & Teddy Seidenfeld - 2022 - International Journal of Approximate Reasoning 144:129-159.
    We study the representation of sets of desirable gambles by sets of probability mass functions. Sets of desirable gambles are a very general uncertainty model, that may be non-Archimedean, and therefore not representable by a set of probability mass functions. Recently, Cozman (2018) has shown that imposing the additional requirement of even convexity on sets of desirable gambles guarantees that they are representable by a set of probability mass functions. Already more that 20 years earlier, Seidenfeld et (...)
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  23. Pursuing Problem Gamblers.Garrett Pendergraft - 2021 - SAGE Business Cases.
    There have been several recent lawsuits in which problem gamblers (or those affected by problem gambling) have sued casinos or other gaming companies for damages relating to bankruptcies, suicides, and other negative consequences of compulsive gambling. Although the legal cases have been decided in favor of the gaming companies, it can seem as though there is a moral residue in some of these cases: perhaps some of the actions of the gaming companies, though legal, have been morally problematic. This case (...)
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  24. (1 other version)Independent Natural Extension for Choice Functions.Jason Konek, Arthur Van Camp & Kevin Blackwell - 2021 - PMLR 147:320-330.
    We investigate epistemic independence for choice functions in a multivariate setting. This work is a continuation of earlier work of one of the authors [23], and our results build on the characterization of choice functions in terms of sets of binary preferences recently established by De Bock and De Cooman [7]. We obtain the independent natural extension in this framework. Given the generality of choice functions, our expression for the independent natural extension is the most general one we are aware (...)
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  25. The Solution to the Problem of Outcome Luck: Why Harm Is Just as Punishable as the Wrongful Action that Causes It.Ken Levy - 2005 - Law and Philosophy 24 (3):263-303.
    A surprisingly large number of scholars believe that (a) we are blameworthy, and therefore punishable, only for what we have control over; (b) we have control only over our actions and intentions, not the consequences of our actions; and therefore (c) if two agents perform the very same action (e.g., attempting to kill) with the very same intentions, then they are equally blameworthy and deserving of equal punishment – even if only one of them succeeds in killing. This paper argues (...)
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  26. Cheaters Never Prosper? Winning by Deception in Purely Professional Games of Pure Chance.Michael Hemmingsen - 2020 - Sport, Ethics and Philosophy 15 (2):266-284.
    I argue that in purely professional games of pure chance, such as slot machines, roulette, baccarat or pachinko, any instance of cheating that successfully deceives the judge can be ‘part of the game’. I examine, and reject, various proposals for the ‘ethos’ that determines how we ought to interpret the formal rules of games of pure chance, such as being a test of skill, a matter of entertainment, a display of aesthetic beauty, an opportunity for hedonistic pleasure, and a fraternal (...)
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  27. 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 (...)
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  28. On Hostile and Oppressive Affective Technologies.David Spurrett - 2024 - Topoi 43 (3):821-832.
    4E approaches to affective technology tend to focus on how ‘users’ manage their situated affectivity, analogously to how they help themselves cognitively through epistemic actions or using artefacts and scaffolding. Here I focus on cases where the function of affective technology is to exploit or manipulate the agent engaging with it. My opening example is the cigarette, where technological refinements have harmfully transformed the affective process of consuming nicotine. I proceed to develop case studies of two very different but also (...)
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  29. Hostile Scaffolding.Ryan Timms & David Spurrett - 2023 - Philosophical Papers 52 (1):1-30.
    Most accounts of cognitive scaffolding focus on ways that external structure can support or augment an agent’s cognitive capacities. We call cases where the interests of the user are served benign scaffolding and argue for the possibility and reality of hostile scaffolding. This is scaffolding which depends on the same capacities of an agent to make cognitive use of external structure as in benign cases, but that undermines or exploits the user while serving the interests of another agent. We develop (...)
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  30. Moving Beyond Sets of Probabilities.Gregory Wheeler - 2021 - Statistical Science 36 (2):201--204.
    The theory of lower previsions is designed around the principles of coherence and sure-loss avoidance, thus steers clear of all the updating anomalies highlighted in Gong and Meng's "Judicious Judgment Meets Unsettling Updating: Dilation, Sure Loss, and Simpson's Paradox" except dilation. In fact, the traditional problem with the theory of imprecise probability is that coherent inference is too complicated rather than unsettling. Progress has been made simplifying coherent inference by demoting sets of probabilities from fundamental building blocks to secondary representations (...)
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  31. 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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  32. Theory Roulette: Choosing that Climate Change is not a Tragedy of the Commons.Jakob Ortmann & Walter Veit - 2023 - Environmental Values 32 (1):65-89.
    Climate change mitigation has become a paradigm case both for externalities in general and for the game-theoretic model of the Tragedy of the Commons (ToC) in particular. This situation is worrying, as we have reasons to suspect that some models in the social sciences are apt to be performative to the extent that they can become self-fulfilling prophecies. Framing climate change mitigation as a hardly solvable coordination problem may force us into a worse situation, by changing real-world behaviour to fit (...)
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  33. Individual Differences in Moral Behaviour: A Role for Response to Risk and Uncertainty?Colin J. Palmer, Bryan Paton, Trung T. Ngo, Richard H. Thomson, Jakob Hohwy & Steven M. Miller - 2012 - Neuroethics 6 (1):97-103.
    Investigation of neural and cognitive processes underlying individual variation in moral preferences is underway, with notable similarities emerging between moral- and risk-based decision-making. Here we specifically assessed moral distributive justice preferences and non-moral financial gambling preferences in the same individuals, and report an association between these seemingly disparate forms of decision-making. Moreover, we find this association between distributive justice and risky decision-making exists primarily when the latter is assessed with the Iowa Gambling Task. These findings are consistent with neuroimaging studies (...)
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  34. Betting Democracy on Epistemology.Michael Hannon - manuscript
    In this paper, I examine two major challenges to epistemic theories of democracy: “the authority dilemma” and “the epistemic gamble.” The first is a conceptual challenge, suggesting that epistemic democracy is inherently self-undermining. The second is a normative challenge, asserting that the case for democracy should not rely on precarious epistemic grounds. I argue that both challenges fail. Thus, epistemic theories of democracy escape two of the most popular objections to this view.
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  35. Classifying Psychopathology: Mental Kinds and Natural Kinds.Harold Kincaid & Jacqueline Anne Sullivan - 2014 - In Harold Kincaid & Jacqueline Anne Sullivan (eds.), Classifying Psychopathology: Mental Kinds and Natural Kinds. MIT Press. pp. 1-10.
    In this volume, leading philosophers of psychiatry examine psychiatric classification systems, including the Diagnostic and Statistical Manual of Mental Disorders, asking whether current systems are sufficient for effective diagnosis, treatment, and research. Doing so, they take up the question of whether mental disorders are natural kinds, grounded in something in the outside world. Psychiatric categories based on natural kinds should group phenomena in such a way that they are subject to the same type of causal explanations and respond similarly to (...)
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  36. Immigration: I’ve got it all wrong!Enrique Martinez Esteve - manuscript
    (This is one of the essays to be included in a book examining the causes of day-to-day strife in the populations of modern democracies vying to live and assert the freedoms promised to them by systems of governance supposed and expected to represent them.) -/- The emigrant / immigrant / migrant makes a conscious, relatively difficult decision to exchange what s/he knows for what is not known at all but in promise. The choice is often stark and carries with it (...)
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  37. Philosophy of games.C. Thi Nguyen - 2017 - Philosophy Compass 12 (8):e12426.
    What is a game? What are we doing when we play a game? What is the value of playing games? Several different philosophical subdisciplines have attempted to answer these questions using very distinctive frameworks. Some have approached games as something like a text, deploying theoretical frameworks from the study of narrative, fiction, and rhetoric to interrogate games for their representational content. Others have approached games as artworks and asked questions about the authorship of games, about the ontology of the work (...)
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  38. Eliciting and Assessing our Moral Risk Preferences.Shang Long Yeo - 2024 - American Philosophical Quarterly 61 (2):109-126.
    Suppose an agent is choosing between rescuing more people with a lower probability of success, and rescuing fewer with a higher probability of success. How should they choose? Our moral judgments about such cases are not well-studied, unlike the closely analogous non-moral preferences over monetary gambles. In this paper, I present an empirical study which aims to elicit the moral analogues of our risk preferences, and to assess whether one kind of evidence—concerning how they depend on outcome probabilities—can debunk (...)
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  39. A Simpler and More Realistic Subjective Decision Theory.Haim Gaifman & Yang Liu - 2018 - Synthese 195 (10):4205--4241.
    In his classic book “the Foundations of Statistics” Savage developed a formal system of rational decision making. The system is based on (i) a set of possible states of the world, (ii) a set of consequences, (iii) a set of acts, which are functions from states to consequences, and (iv) a preference relation over the acts, which represents the preferences of an idealized rational agent. The goal and the culmination of the enterprise is a representation theorem: Any preference relation that (...)
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  40. Risk and Tradeoffs.Lara Buchak - 2014 - Erkenntnis 79 (S6):1091-1117.
    The orthodox theory of instrumental rationality, expected utility (EU) theory, severely restricts the way in which risk-considerations can figure into a rational individual's preferences. It is argued here that this is because EU theory neglects an important component of instrumental rationality. This paper presents a more general theory of decision-making, risk-weighted expected utility (REU) theory, of which expected utility maximization is a special case. According to REU theory, the weight that each outcome gets in decision-making is not the subjective probability (...)
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  41. Assessing Theories: The Coherentist Approach.Peter Brössel - 2014 - Erkenntnis 79 (3):593-623.
    In this paper we show that the coherence measures of Olsson (J Philos 94:246–272, 2002), Shogenji (Log Anal 59:338–345, 1999), and Fitelson (Log Anal 63:194–199, 2003) satisfy the two most important adequacy requirements for the purpose of assessing theories. Following Hempel (Synthese 12:439–469, 1960), Levi (Gambling with truth, New York, A. A. Knopf, 1967), and recently Huber (Synthese 161:89–118, 2008) we require, as minimal or necessary conditions, that adequate assessment functions favor true theories over false theories and true and informative (...)
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  42. Constructive Verification, Empirical Induction, and Falibilist Deduction: A Threefold Contrast.Julio Michael Stern - 2011 - Information 2 (4):635-650.
    This article explores some open questions related to the problem of verification of theories in the context of empirical sciences by contrasting three epistemological frameworks. Each of these epistemological frameworks is based on a corresponding central metaphor, namely: (a) Neo-empiricism and the gambling metaphor; (b) Popperian falsificationism and the scientific tribunal metaphor; (c) Cognitive constructivism and the object as eigen-solution metaphor. Each of one of these epistemological frameworks has also historically co-evolved with a certain statistical theory and method for testing (...)
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  43. A Representation Theorem for Frequently Irrational Agents.Edward Elliott - 2017 - Journal of Philosophical Logic 46 (5):467-506.
    The standard representation theorem for expected utility theory tells us that if a subject’s preferences conform to certain axioms, then she can be represented as maximising her expected utility given a particular set of credences and utilities—and, moreover, that having those credences and utilities is the only way that she could be maximising her expected utility. However, the kinds of agents these theorems seem apt to tell us anything about are highly idealised, being always probabilistically coherent with infinitely precise degrees (...)
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  44. Risk-taking and tie-breaking.Ryan Doody - 2023 - Philosophical Studies 180 (7):2079-2104.
    When you are indifferent between two options, it’s rationally permissible to take either. One way to decide between two such options is to flip a fair coin, taking one option if it lands heads and the other if it lands tails. Is it rationally permissible to employ such a tie-breaking procedure? Intuitively, yes. However, if you are genuinely risk-averse—in particular, if you adhere to risk-weighted expected utility theory (Buchak in Risk and rationality, Oxford University Press, 2013) and have a strictly (...)
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  45. 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 uncertainty (...)
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  46. Is risk aversion irrational? Examining the “fallacy” of large numbers.H. Orri Stefánsson - 2020 - Synthese 197 (10):4425-4437.
    A moderately risk averse person may turn down a 50/50 gamble that either results in her winning $200 or losing $100. Such behaviour seems rational if, for instance, the pain of losing $100 is felt more strongly than the joy of winning $200. The aim of this paper is to examine an influential argument that some have interpreted as showing that such moderate risk aversion is irrational. After presenting an axiomatic argument that I take to be the strongest case for (...)
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  47. Mathematician's call for interdisciplinary research effort.Catalin Barboianu - 2013 - International Gambling Studies 13 (3):430-433.
    The article addresses the necessity of increasing the role of mathematics in the psychological intervention in problem gambling, including cognitive therapies. It also calls for interdisciplinary research with the direct contribution of mathematics. The current contributions and limitations of the role of mathematics are analysed with an eye toward the professional profiles of the researchers. An enhanced collaboration between these two disciplines is suggested and predicted.
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  48. Aspects of compatibility and the construction of preference.Marcus Selart - 1997 - In Rob Ranyard, Ray Crozier & Ola Svenson (eds.), Decision making: Cognitive models and explanations. Routledge. pp. 58-72.
    This chapter focuses on the psychological mechanisms behind the construction of preference, especially the actual processes used by humans when they make decisions in their everyday lives or in business situations. The chapter uses cognitive psychological techniques to break down these processes and set them in their social context. When attributes are compatible with the response scale, they are assigned greater weight because they are most easily mapped onto the response. For instance, when subjects are asked to set a price (...)
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  49. Reasoning about outcome probabilities and values in preference reversals.Marcus Selart, Ole Boe & Tommy Garling - 1999 - Thinking and Reasoning 5 (2):175 – 188.
    Research on preference reversals has demonstrated a disproportionate influence of outcome probability on choices between monetary gambles. The aim was to investigate the hypothesis that this is a prominence effect originally demonstrated for riskless choice. Another aim was to test the structure compatibility hypothesis as an explanation of the effect. The hypothesis implies that probability should be the prominent attribute when compared with value attributes both in a choice and a preference rating procedure. In Experiment 1, two groups of (...)
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  50. Believing Probabilistic Contents: On the Expressive Power and Coherence of Sets of Sets of Probabilities.Catrin Campbell-Moore & Jason Konek - 2019 - Analysis Reviews:anz076.
    Moss (2018) argues that rational agents are best thought of not as having degrees of belief in various propositions but as having beliefs in probabilistic contents, or probabilistic beliefs. Probabilistic contents are sets of probability functions. Probabilistic belief states, in turn, are modeled by sets of probabilistic contents, or sets of sets of probability functions. We argue that this Mossean framework is of considerable interest quite independently of its role in Moss’ account of probabilistic knowledge or her semantics for epistemic (...)
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