Showing 1 - 10 of 21
I model sequential decisions over multiple interconnected propositions and investigate path-dependence in such decisions. The propositions and their interconnections are represented in propositional logic. A sequential decision process is path-dependent if its outcome depends on the order in...
Persistent link: https://www.econbiz.de/10009439539
A framing effect occurs when an agent’s choices are not invariant under changes in the way a decision problem is presented, e.g. changes in the way options are described (violation of description invariance) or preferences are elicited (violation of procedure invariance). Here we identify...
Persistent link: https://www.econbiz.de/10009440189
Under the independence and competence assumptions of Condorcet’s classical jury model, the probability of a correct majority decision converges to certainty as the jury size increases, a seemingly unrealistic result. Using Bayesian networks, we argue that the model’s independence assumption...
Persistent link: https://www.econbiz.de/10009440190
Bayesian epistemology tells us with great precision how we should move from prior to posterior beliefs in light of new evidence or information, but says little about where our prior beliefs come from. It o¤ers few resources to describe some prior beliefs as rational or well-justi�ed, and...
Persistent link: https://www.econbiz.de/10015230201
There is a surprising disconnect between formal rational choice theory and philosophical work on reasons. The one is silent on the role of reasons in rational choices, the other rarely engages with the formal models of decision problems used by social scientists. To bridge this gap, we propose a...
Persistent link: https://www.econbiz.de/10015230202
Rational choice theory analyzes how an agent can rationally act, given his or her preferences, but says little about where those preferences come from. Instead, pref- erences are usually assumed to be �xed and exogenously given. Building on related work on reasons and rational choice (Dietrich...
Persistent link: https://www.econbiz.de/10015230204
Behaviourism is the view that preferences, beliefs, and other mental states in social-scienti�c theories are auxiliary constructs re-describing people's behav- ioural dispositions. Mentalism is the view that they capture real phenomena, no less existent than the unobservable entities and...
Persistent link: https://www.econbiz.de/10015231307
This paper characterizes different belief revision rules in a unified framework: Bayesian revision upon learning some event, Jeffrey revision upon learning new probabilities of some events, Adams revision upon learning some new conditional probabilities, and `dual-Jeffrey' revision upon learning...
Persistent link: https://www.econbiz.de/10015233704
Behaviourism is the view that preferences, beliefs, and other mental states in socialscientific theories are nothing but constructs re-describing people’s behavioural dispositions. Mentalism is the view that they capture real phenomena, no less existent than the unobservable entities and...
Persistent link: https://www.econbiz.de/10015235018
We present a new “reason-based” approach to the formal representation of moral theories, drawing on recent decision-theoretic work. We show that any moral theory within a very large class can be represented in terms of two parameters: (i) a specification of which properties of the objects of...
Persistent link: https://www.econbiz.de/10015257127