Foundations of decision theory : issues and advances
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Bibliographic Information
Foundations of decision theory : issues and advances
Blackwell, 1994, c1991
- : pbk
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"Paperback edition 1994" -- T.p. verso
First published in hardback 1991
Bibliography: p. [317]-338
Includes index
Description and Table of Contents
Description
The study of formal models of rational decision-making, born in the 17th century as a new science of gambling, has reached maturity in the 20th century. Its paradigms, "expected utility theory" and "the theory of games", have had a profound influence on the development of theoretical disciplines, particularly in the social sciences. While the problems it confronts have attracted valuable work from diverse areas, the central question it addresses - namely, "what am I to do?" - has found no agreed answer in a number of basic cases: problems of coordination, of addiction, problems which Newcomb, Allais and Ellsberg, among others, attempted to tackle. The progress of decision theory now requires detailed evaluation of its fundamental assumptions and effective and thorough communication between its contributing disciplines. This volume assembles ten studies commissioned from economists and philosophers currently active in the foundations of decision theory.
The editors' introduction combines a review of the major theoretical issues raised in the contributions, with expositions of recent major developments in game theory and individual decision theory to make these developments accessible to non-specialists. This volume should serve as a guide to the state of the art in decision theory as it becomes increasingly crucial to a wide range of disciplines.
Table of Contents
- Dynamic consistency and non-expected utility, Mark J. Machina
- consequentialism and sequential choice, Isaac Levi
- the structure of good: decision theory and ethics, John Broome
- decision theory and folk psychology, Philip Pettit
- decentralization, duplicity and minimal equity, John Roemer
- deciding how to decide: is there a regress problem?, Holly Smith
- inductive deliberation, admissible acts and perfect equilibrium, Brian Skyrms
- two notions of ratifiability and equilibrium in games, Hyun Song Shin
- ratifiability and refinements, William Harper
- rational bargaining, Robert Sugden.
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