Non-Bayesian decision theory : beliefs and desires as reasons for action / Martin Peterson

By:

Peterson, Martin

Material type: Text

TextSeries: Theory and decision libraryPublication details: Cambridge : Springer, 2008Description: viii, 170p, 23cmISBN:

9781402086984

Subject(s):

DDC classification:

519.542 PET

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Holdings
Item type	Current library	Call number	Status	Date due	Barcode	Item holds
Book	Calcutta	519.542 PET (Browse shelf(Opens below))	Available		IIMC-126567

Total holds: 0

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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