Questions tagged [decision-theory]

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38 views

Is there a philosophical stance concerning justification of decisions?

When faced with dilemmas, I always felt I had no solid ground that'd justify my decision. Say I'm considering becoming a lawyer. But I obviously don't know what being lawyer is like. I can ask my ...
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0answers
28 views

reduced decision making capacity with equal consequences

If the law determines that a category of people does not have the decision-making capacity to engage in a specific activity (such as a minor carrying a gun) than does it make sense that those same ...
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2answers
76 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, ...
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1answer
67 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 ...
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2answers
143 views

According to utilitarianism, are the only moral actions the ones that maximize utility? What about actions that increase utility, but not maximally?

Whenever I look at a definition of utilitarianism, what I see is that it only seems to prescribe actions that maximize utility. Suppose that, for a given junction, you have a set of possible actions ...
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2answers
92 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 ...
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0answers
75 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
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3answers
215 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 ...
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1answer
186 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&...
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4answers
260 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 ...