Non-Bayesian decision theory : beliefs and desires as reasons for action
This title presents an account of rational choice from a non-Bayesian point of view. Rational agents maximise subjective expected utility, but contrary to what is claimed by Bayesians, the author argues that utility and subjective probability should not be defined in terms of preferences over uncertain prospects
Theory and decision library, v. 44
viii, 170 pages ; 24 cm.
9781402086984, 9781402086991, 9789048179572, 1402086989, 1402086997, 9048179572
230990334
Bayesian decision theory
Choosing what to decide
Indeterminate preferences
Utility
Subjective probability
Expected utility
Risk aversion