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Transformative decision rules and axiomatic arguments for the principle of Maximizing Expected Utility
KTH, Superseded Departments, Infrastructure.
2001 (English)Licentiate thesis, comprehensive summary (Other academic)
Place, publisher, year, edition, pages
Stockholm: KTH , 2001. , ix, 18 p.
Keyword [en]
expected utility, axiomatic argument, independence, sure-thing, Savage, von Neumann and Morgenstern, transformative rule
National Category
Philosophy
Identifiers
URN: urn:nbn:se:kth:diva-1336ISBN: 91-7283-199-5 (print)OAI: oai:DiVA.org:kth-1336DiVA: diva2:7167
Note
QC 20100618Available from: 2001-12-12 Created: 2001-12-12 Last updated: 2010-06-21Bibliographically approved
List of papers
1. Transformative decision rules
Open this publication in new window or tab >>Transformative decision rules
2003 (English)In: Erkenntnis, ISSN 0165-0106, E-ISSN 1572-8420, Vol. 58, no 1, 71-85 p.Article in journal (Refereed) Published
Abstract [en]

A transformative decision rule transforms a given decision problem into another by altering the structure of the initial problem, either by changing the framing or by modifying the probability or value assignments. Examples of decision rules belonging this class are the principle of insufficient reason, Isaac Levi's condition of E-admissibility, the de minimis rule, and the precautionary principle. In the papers some foundational issues concerning transformative decision rules are investigated, and a couple of formal properties of this class of rules are proved.

National Category
Philosophy
Identifiers
urn:nbn:se:kth:diva-13463 (URN)000181164700006 ()
Note
QC 20100618Available from: 2010-06-18 Created: 2010-06-18 Last updated: 2017-12-12Bibliographically approved
2. An argument for the principle of maximizing expected utility
Open this publication in new window or tab >>An argument for the principle of maximizing expected utility
2008 (English)In: Theoria, ISSN 0040-5825, E-ISSN 1755-2567, Vol. 38, no 2, 112-128 p.Article in journal (Refereed) Published
Abstract [en]

The main result of this paper is a formal argument for the principle of maximizing expected utility that does not rely on the law of large numbers. Unlike the well-known arguments by Savage and von Neumann & Morgenstern, this argument does not presuppose the sure-thing principle or the independence axiom. The principal idea is to use the concept of transformative decision rules for decomposing the principle of maximizing expected utility into a sequence of normatively reasonable subrules. It is shown that this procedure provides a resolution of Allais's paradox that cannot be obtained by Savage-style or von Neumann & Morgenstern-style arguments.

Identifiers
urn:nbn:se:kth:diva-13458 (URN)10.1111/j.1755-2567.2002.tb00124.x (DOI)
Note
QC 20100618Available from: 2010-06-18 Created: 2010-06-18 Last updated: 2017-12-12Bibliographically approved
3. Axiomatic arguments for the principle of maximizing expected utility: two approaches
Open this publication in new window or tab >>Axiomatic arguments for the principle of maximizing expected utility: two approaches
(English)Manuscript (preprint) (Other academic)
National Category
Philosophy
Identifiers
urn:nbn:se:kth:diva-13460 (URN)
Note
QC 20100618Available from: 2010-06-18 Created: 2010-06-18 Last updated: 2010-06-21Bibliographically approved
4. New Technologies And The Ethics Of Extreme Risks
Open this publication in new window or tab >>New Technologies And The Ethics Of Extreme Risks
2001 (English)In: Ends and meansArticle in journal (Refereed) Published
National Category
Philosophy
Identifiers
urn:nbn:se:kth:diva-13462 (URN)
Note
QC 20100618Available from: 2010-06-18 Created: 2010-06-18 Last updated: 2010-06-22Bibliographically approved

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CiteExportLink to record
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Citation style
  • apa
  • harvard1
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
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  • Other locale
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Output format
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