On the Rationality of Decisions with Unreliable Probabilities

Disputatio 3 (26):97-116 (2009)
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Abstract

The standard Bayesian recipe for selecting the rational choice is presented. A familiar example in which the recipe fails to produce any definite result is introduced. It is argued that a generalization of Gärdenfors’ and Sahlin’s theory of unreliable probabilities — which itself does not guarantee a solution to the problem — offers the best available approach. But a number of challenges to this approach are also presented and discussed.

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Fernando Birman
Delft University of Technology

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References found in this work

The Foundations of Statistics.Leonard Savage - 1954 - Wiley Publications in Statistics.
The Logic of Decision.Richard C. Jeffrey - 1965 - New York, NY, USA: University of Chicago Press.
A Treatise of Human Nature (1739-40).David Hume - 1739 - Mineola, N.Y.: Oxford University Press. Edited by Ernest Campbell Mossner.

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