Taking Chances: Essays on Rational Choice (Cambridge Studies in Probability, Induction ...
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Taking Chances: Essays on Rational Choice (Cambridge Studies in Probability, Induction and Decision Theory)
Book Details
- Author
- Jordan Howard Sobel
- Publisher
- Cambridge University Press
- Format
- Hardcover
- Language
- English
- Category
- Mathematics
- Condition
- New
- ISBN-13
- 9780521416351
- ISBN-10
- 0521416353
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ISBN: 0521416353
Author: Sobel, Jordan Howard
Condition: New
The essays in this book develop and explore the Bayesian idea that rational actions maximize expected values, where an action's expected value is a weighted average of its agent's values for its possible total outcomes. The author establishes principles for distinguishing options in decision problems and pays much attention to games--both isolated and iterated. The book also views critically Gauthier's revisionist ideas about maximizing rationality.
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Taking Chances: Essays on Rational Choice (Cambridge Studies in Probability, Induction and Decision Theory)
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