Models of Decision-Making - Simplifying Choices

"Classical decision theory evaluates entire worlds, specified so as to include everything a decision-maker cares about. Thus applying decision theory requires performing computations far beyond an ordinary decision-maker's ability. In this book Paul Weirich explains how individuals can simplify and streamline their choices. He shows how different "parts" of options (intrinsic, temporal, spatiotemporal, causal) are separable, so that we can know what difference one part makes to the value of an option, regardless of what happens in the other parts"--

List of contents

Preface; Introduction; 1. Separability; 2. Expected utility; 3. Intrinsic utility; 4. Temporal utility; 5. Spatiotemporal utility; 6. Causal utility; Conclusion.

About the author

Paul Weirich is a Curators' Professor in the Department of Philosophy at the University of Missouri. His previous books include Collective Rationality (2010), Realistic Decision Theory (2004), Decision Space (Cambridge, 2001) and Equilibrium and Rationality (Cambridge, 1998).

Product details

• Authors: Paul Weirich, Paul (University of Missouri Weirich, Weirich Paul
• Publisher: Cambridge University Press ELT
• Languages: English
• Product format: Hardback
• Released: 05.02.2015
• EAN: 9781107077799
• ISBN: 978-1-107-07779-9
• No. of pages: 276
• Subjects: Natural sciences, medicine, IT, technology > Natural sciences (general); Non-fiction book > Philosophy, religion > Philosophy: general, reference works; Social sciences, law, business > Business > Business administration; Optimization, Economics, Philosophy of Mind, Philosophy, SCIENCE / Philosophy & Social Aspects, Philosophy of Science, Economic theory & philosophy, Ethics & moral philosophy, Behavioural theory (Behaviourism), Risk assessment, Decision theory: general