Decision Theory

[New Entry by Katie Steele and H. Orri Stefánsson on December 16, 2015.] Decision theory is concerned with the reasoning underlying an agent's choices, whether this is a mundane choice between
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[New Entry by Katie Steele and H. Orri Stefánsson on December 16, 2015.] Decision theory is concerned with the reasoning underlying an agent's choices, whether this is a mundane choice between taking the bus or getting a taxi, or a more far-reaching choice about whether to pursue a demanding political career. (Note that "agent" here stands for an entity, usually an individual person, that is capable of deliberation and action.) Standard thinking is that what an agent does on any given occasion is completely determined by her beliefs and desires/values, but this is not uncontroversial, as will be noted below. In any case, decision theory is as much a theory of...

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News source: Stanford Encyclopedia of Philosophy

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