Biting the Bayesian bullet: Zeckhauser's problem

Richard Jeffrey

doi:10.1007/BF00134155

Theory and Decision

September 1988, Volume 25, Issue 2, pp 117–122

Biting the Bayesian bullet: Zeckhauser's problem

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Richard Jeffrey

Article

DOI: 10.1007/BF00134155

Cite this article as:: Jeffrey, R. Theor Decis (1988) 25: 117. doi:10.1007/BF00134155

Abstract

A troubling challenge to the basic principles of Bayesian decision theory is analyzed as a case where irrationality is no intellectual flaw but a characterological one, i.e., not stupidity but funk.

Keywords

Bayesian decision theorysure thing principleindependence axiomrationalityirrationality

References

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Raiffa, Howard: 1968, Decision Analysis. Reading, Mass.: Addison-Wesley.Google Scholar

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Richard Jeffrey
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1.Department of PhilosophyPrinceton UniversityPrincetonUSA

Biting the Bayesian bullet: Zeckhauser's problem

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