Description
Models of Decision-Making
Simplifying Choices
Author: Weirich Paul
This book explains and justifies efficient general methods of making decisions and will guide practical efforts to streamline rational choice.
Language: EnglishSubject for Models of Decision-Making:
Approximative price 34.17 €
In Print (Delivery period: 14 days).
Add to cart the print on demand of Weirich Paul
Models of Decision-Making
Publication date: 03-2017
Support: Print on demand
Publication date: 03-2017
Support: Print on demand
Approximative price 90.80 €
In Print (Delivery period: 14 days).
Add to cart the book of Weirich Paul
Models of Decision-Making
Publication date: 02-2015
276 p. · 16x23.6 cm · Hardback
Publication date: 02-2015
276 p. · 16x23.6 cm · Hardback
Description
/li>Contents
/li>Biography
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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. He suggests that the primary value of options is found in basic intrinsic attitudes towards outcomes: desires, aversions, or indifferences. And using these two facts he argues that we need only compare small parts of the options we face in order to make a rational decision. This important book will interest readers in decision theory, economics, and the behavioral sciences.
Preface; Introduction; 1. Separability; 2. Expected utility; 3. Intrinsic utility; 4. Temporal utility; 5. Spatiotemporal utility; 6. Causal utility; Conclusion.
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).
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