Questions tagged [decision-theory]

The tag has no usage guidance.

Filter by
Sorted by
Tagged with
0
votes
1answer
36 views

Ethics, axiology, and decision theory

I'm confused about the precise terminology to use when referring to various subjects which are all related to making good choices. I know that axiology is general study of value, including moral, ...
0
votes
1answer
59 views

What bias it would be called?

When someone thinks that he is being biased towards selecting option 1 (between option 1 and option 2) and hence he switched into option 2 where his correct decision would actually be selecting option ...
-1
votes
2answers
73 views

Books on having children

I'm at a crossroads in life where I can choose to live a life of a father or remain child-free. I don't feel like becoming a father and want to remain child-free for the rest of my life. Are there any ...
2
votes
0answers
64 views

Allais' paradox

Theories of practical rationality have usually taken it for granted that given a choice, people will prefer a maximum of expected utility. The Allais' paradox states that there are many situations in ...
2
votes
3answers
160 views

Maximizing expected value - “triple or nothing” on a fair bet

The "triple-or-nothing paradox" is that a game where I expect to increase my money (on average) at each stage ends up bankrupting me with probability 1 if I play long enough. However, the ...
1
vote
1answer
127 views

Choice and action

Moore highlighted the connection between asserting and believing by making note of how odd, "It's raining but I don't believe it" (as if to say "I don't believe it's raining but it is&...
3
votes
4answers
211 views

Philosophical framework for avoiding short-term strategies

In business and politics, often decision-makers make decisions that cause short-term gain, but long-term loss. So economically, this might be an unreasonable (lossy) and thus irrational process. Is ...