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Philosophical Studies

, Volume 174, Issue 9, pp 2363–2368 | Cite as

Precis of Risk and Rationality

  • Lara BuchakEmail author
Article

Abstract

My book Risk and Rationality argues for a new alternative to the orthodox theory of rational decision-making. This alternative, risk-weighted expected utility maximization, holds that there are three important components involved in rational decision-making: utilities, probabilities, and risk-attitudes. This essay explains the basic outline of the theory and precisely how it differs from the orthodox theory. It also summarizes the main threads of argument in the book.

Keywords

Decision theory Risk Expected utility Risk-weighted expected utility Rank dependence Instrumental rationality 

References

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Copyright information

© Springer Science+Business Media Dordrecht 2017

Authors and Affiliations

  1. 1.Department of PhilosophyUniversity of CaliforniaBerkeleyUSA

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