Back to Search Start Over

Decision Theory without Luminosity.

Authors :
Isaacs, Yoaav
Levinstein, Benjamin A
Source :
Mind. Apr2024, Vol. 133 Issue 530, p346-376. 31p.
Publication Year :
2024

Abstract

Our decision-theoretic states are not luminous. We are imperfectly reliable at identifying our own credences, utilities and available acts, and thus can never be more than imperfectly reliable at identifying the prescriptions of decision theory. The lack of luminosity affords decision theory a remarkable opportunity — to issue guidance on the basis of epistemically inaccessible facts. We show how a decision theory can guarantee action in accordance with contingent truths about which an agent is arbitrarily uncertain. It may seem that such advantages would require dubiously adverting to externalist facts that go beyond the internalism of traditional decision theory, but this is not so. Using only the standard repertoire of decision-theoretic tools, we show how to modify existing decision theories to take advantage of this opportunity. These improved decision theories require agents to maximize conditional expected utility — expected utility conditional upon an agent's actual decision situation. We call such modified decision theories 'self-confident'. These self-confident decision theories have a distinct advantage over standard decision theories: their prescriptions are better. [ABSTRACT FROM AUTHOR]

Details

Language :
English
ISSN :
00264423
Volume :
133
Issue :
530
Database :
Academic Search Index
Journal :
Mind
Publication Type :
Academic Journal
Accession number :
176862467
Full Text :
https://doi.org/10.1093/mind/fzad037