Non-Bayesian decision theory : beliefs and desires as reasons for action / Martin Peterson
Material type: TextSeries: Theory and decision libraryPublication details: Cambridge : Springer, 2008Description: viii, 170p, 23cmISBN:- 9781402086984
- 519.542 PET
Item type | Current library | Call number | Status | Date due | Barcode | Item holds | |
---|---|---|---|---|---|---|---|
Book | Calcutta | 519.542 PET (Browse shelf(Opens below)) | Available | IIMC-126567 |
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519.542 OHA The Oxford handbook of applied Bayesian analysis / | 519.542 PAN Advances in statistical decision theory and applications / | 519.542 PAR Decision theory : | 519.542 PET Non-Bayesian decision theory : | 519.542 PET An Introduction to decision theory / | 519.542 PHI Bayesian statistics for social scientists | 519.542 POL Applied Bayesian forecasting and time series analysis / |
This book aims to present an account of rational choice from a non-Bayesian point of view. Rational agents maximize subjective expected utility, but contrary to what is claimed by Bayesians, the author argues that utility and subjective probability should not be defined in terms of preferences over uncertain prospects. To some extent, the author's non-Bayesian view gives a modern account of what decision theory could have been like, had decision theorists not entered the Bayesian path discovered by Ramsey, Savage, and Jeffrey. The author argues that traditional Bayesian decision theory is unavailing from an action-guiding perspective.
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