Actions, Preferences, and Risk

Abstract

Abstract Formal theories of instrumental rationality, such as orthodox decision theory, often provide a powerful account of the rationality of choice under risk. Can the extended theory of instrumental rationality (ETR) be similarly extended to contexts of risk and uncertainty? Chapter 9 argues that ETR can provide a satisfactory account of rationality in these contexts and that it can actually co-opt the resources of decision theory exactly in the cases in which the theory seems most plausible; namely, the pursuit of what I call “general means” (such as the pursuit of health or wealth). Moreover ETR plausibly renders coherent certain ubiquitous choice dispositions (such as the ones manifested in the Allais paradox) that seem incompatible with orthodox decision theory.

Cite this work

No public copy is stored for this record, so only the metadata is cited.

Stored only when both papers are in the corpus — 0 citations exist upstream.

Papers that cite the same references — the relational fallback while embeddings are still backfilling.