Preface

Abstract

Risk is a prominent topic that many disciplines address. The natural sciences discover and assess risks. The social and behavioral sciences investigate our methods of responding to risks. The practical disciplines, such as finance and public affairs, present advice about handling risks. Philosophy contributes a theoretical perspective on risk. It not only characterizes risks and identifies normatively significant types of risk but also advances general principles of rationality that govern responses to risk, including attitudes to risks and acts to change risks. This book presents a philosophical account of risk that characterizes rational responses to risks and explains why these responses are rational. To accomplish this, it takes attitudes to risk as mental states that cause acts and, when rational, cause acts that are rational because of their normative relations to the attitudes. The explanations it offers arise within a normative model with idealizing assumptions about agents and their decision problems. The model belongs to a systematic research program for relaxing idealizations and generalizing principles of rationality to gain realism.

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