Questions tagged [decision-theory]
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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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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 ...
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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
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 ...
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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 ...
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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&...
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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 ...
