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The two faces of risk.
- Source :
- Biology & Philosophy; Apr2023, Vol. 38 Issue 2, p1-11, 11p
- Publication Year :
- 2023
-
Abstract
- The relationship between decision theory and the theory of natural selection in evolutionary biology offers a fertile ground for philosophical inquiry. A topic that has recently been addressed in the philosophical literature is the connection between decision-theoretic and biological discussions of risk. The paper adds to this literature by drawing attention to a distinction between two different notions of risk originating in the economic literature and by exploring their relationship in a biological context. More specifically, the paper shows that the two notions of risk can part ways in models of risk-sensitive foraging theory. The paper also draws attention to an important difference in contemporary explanations of the apparent lack of empirical success of rational choice theory and risk-sensitive foraging theory. [ABSTRACT FROM AUTHOR]
Details
- Language :
- English
- ISSN :
- 01693867
- Volume :
- 38
- Issue :
- 2
- Database :
- Complementary Index
- Journal :
- Biology & Philosophy
- Publication Type :
- Academic Journal
- Accession number :
- 162666618
- Full Text :
- https://doi.org/10.1007/s10539-023-09906-0