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Models of Decision-Making: Simplifying Choices
Contributor(s): Weirich, Paul (Author)

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 ISBN: 1107434785     ISBN-13: 9781107434783
Publisher: Cambridge University Press
OUR PRICE: $39.89  

Binding Type: Paperback - See All Available Formats & Editions
Published: March 2017
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Additional Information
BISAC Categories:
- Science | Philosophy & Social Aspects
- Mathematics | Probability & Statistics - General
Dewey: 519.542
Physical Information: 0.58" H x 6" W x 9" L (0.82 lbs) 276 pages
Features: Price on Product
 
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Publisher Description:
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.

Contributor Bio(s): Weirich, Paul: - 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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