Book: Taking Chances The essays in this book develop and explore the Bayesian idea that rational actions maximize expected values, where an action's expected value is a weighted average of its agent's values for its possible total outcomes. The author establishes principles for distinguishing options in decision problems and pays much attention to games--both isolated and iterated. The book also views critically Gauthier's revisionist ideas about maximizing rationality.
Details of Book: Taking Chances Book: Taking Chances
Author: Sobel
ISBN: 0521416353
ISBN-13: 9780521416351
, 978-0521416351
Binding: Hardcover
Publishing Date: 75
Publisher: Cambridge University Press
Language: English