Decision Theory: A Formal Philosophical Introduction
2014
Decision theory is the study of how choices are and should be made in a variety of different contexts. The author approaches the topic from a formal-philosophical point of view with a focus on normative and conceptual issues. After considering the question of how decision problems should be framed, he examines both the standard theories of chance under conditions of certainty, risk and uncertainty and some of the current debates about how uncertainty should be measured and how agents should respond to it.
The first section covers issues regarding the formulation and representation of decision problems. In the subsequent sections the relationship between preference and choice on the one hand and preference and utility on the other, setting aside complications arising from uncertainty, is examined. In the third section the focus is decision making under uncertainty. In the final section decision making under ignorance is explored.
Decision Theory: A Formal Philosophical Introduction
Source:
Bradley R. Decision Theory: A Formal Philosophical Introduction. London School of Economics and Political Science 2014. http://personal.lse.ac.uk/bradleyr/pdf/Handbook%20-%20Decision%20theory%20(revised).pdf