Titlebook: Non-Bayesian Decision Theory; Beliefs and Desires Martin Peterson Book 2008 Springer Science+Business Media B.V. 2008 Bayesian.Independenc

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Non-Bayesian Decision Theory978-1-4020-8699-1Series ISSN 0921-3384 Series E-ISSN 2352-2119

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Theory and Decision Library A:http://image.papertrans.cn/n/image/667171.jpg

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https://doi.org/10.1007/978-1-4020-8699-1Bayesian; Independence axiom; Non-Bayesian Decision Theory; Utility Theory; decision theory; probability

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Introduction,nvironmental management, or in issues related to health and safety. This is because decision theorists seek to make a perfectly general claim about rational decision making. According to the overwhelming majority of scholars, the aim of decision theory is to characterise what an agent ought to do, g

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Indeterminate preferences,ory of indeterminate preferences presented here. Chapter 6 articulates a non-Bayesian concept of subjective probability, and Chapter 7 defends an axiomatic analysis of the principle of maximising expected utility.

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Risk aversion,ved to be inconsistent. In Sections 8.4 and 8.5 a set of even weaker desiderata are proposed, which appeal to the intuition that in many cases when risk aversion is called for it does not make sense to presuppose that the agent has access to quantitative information about the utility and subjective

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Book 2008 preferences over certain outcomes. It will be shown that utility and probability fu- tions derived in a non-Bayesian manner can be used for generating preferences over uncertain prospects, that support the principle of maximising subjective expected utility. To some extent, this non-Bayesian view g