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Taking Chances: Essays on Rational Choice (Cambridge Studies in Probability, Induction and Decision Theory), by Jordan Howard Sobel
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The essays in this book develop and explore the Bayesian idea that rational actions maximize expected values, where an action's expected value is a weighted average of its agent's values for its possible total outcomes. The author establishes principles for distinguishing options in decision problems and pays much attention to games--both isolated and iterated. The book also views critically Gauthier's revisionist ideas about maximizing rationality.
- Sales Rank: #5987750 in Books
- Brand: Brand: Cambridge University Press
- Published on: 1994-04-29
- Original language: English
- Number of items: 1
- Dimensions: 8.98" h x .98" w x 5.98" l, 1.60 pounds
- Binding: Hardcover
- 390 pages
- Used Book in Good Condition
Review
"...there is a profound unity throughout the volume and the analysis is always first-rate....I sincerely hope that this book will be widely read..." Maurice Salles, Mathematical Reviews
"Spotting a rational choice is sometimes mercifully easy. Read this book. I guarantee a hefty payoff. Taking a chance on Taking Chances is taking no chance at all." Mark Vorobej, Canadian Philosophical Review
"Sobel is one of philosophy's leading experts on decision theory. How nice to have a collection of his contributions! These essays, mostly written during the last ten years, provide an excellent survey of current research in the field....Sobel's book is a cornucopia of insights about rational choice." Ethics
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