Risk and Rationality by Lara Buchak (English) Hardcover Book

Description: Risk and Rationality by Lara Buchak Estimated delivery 3-12 business days Format Hardcover Condition Brand New Description Lara Buchak sets out a new account of rational decision-making in the face of risk. She argues that the orthodox view (expected utility theory) is too narrow, and suggests an alternative, more permissive theory: one that allows individuals to pay attention to the worst-case or best-case scenario, and vindicates the ordinary decision-maker. Publisher Description Lara Buchak sets out an original account of the principles that govern rational decision-making in the face of risk. A distinctive feature of these decisions is that individuals are forced to consider how their choices will turn out under various circumstances, and decide how to trade off the possibility that a choice will turn out well against the possibility that it will turn out poorly. The orthodox view is that there is only one acceptable way to do this:rational individuals must maximize expected utility. Buchaks contention, however, is that the orthodox theory (expected utility theory) dictates an overly narrow way in which considerations about risk canplay a role in an individuals choices. Combining research from economics and philosophy, she argues for an alternative, more permissive, theory of decision-making: one that allows individuals to pay special attention to the worst-case or best-case scenario (among other global features of gambles). This theory, risk-weighted expected utility theory, better captures the preferences of actual decision-makers. Furthermore, it isolates the distinct roles that beliefs, desires, and risk-attitudesplay in decision-making. Finally, contra the orthodox view, Buchak argues that decision-makers whose preferences can be captured by risk-weighted expected utility theory are rational. Thus, Risk andRationality is in many ways a vindication of the ordinary decision-maker--particularly his or her attitude towards risk--from the point of view of even ideal rationality. Author Biography Lara Buchak is an Assistant Professor in the Department of Philosophy at UC Berkeley. She received her AB from Harvard College in philosophy and mathematics in 2003, and her PhD in philosophy from Princeton University in 2009. Her primary research is in decision-making, particularly decision-making in the face of risk. She also has interests in epistemology, in philosophy of religion, and in social choice theory. Some topics she has written on include when andwhy one ought to stop looking for more evidence and make a decision; what is the nature of faith, both in the religious and the more mundane sense; and what is the relationship between assigningprobability to a hypothesis and outright believing that hypothesis. Details ISBN 0199672164 ISBN-13 9780199672165 Title Risk and Rationality Author Lara Buchak Format Hardcover Year 2013 Pages 274 Publisher Oxford University Press GE_Item_ID:139704323; About Us Grand Eagle Retail is the ideal place for all your shopping needs! With fast shipping, low prices, friendly service and over 1,000,000 in stock items - you're bound to find what you want, at a price you'll love! Shipping & Delivery Times Shipping is FREE to any address in USA. Please view eBay estimated delivery times at the top of the listing. Deliveries are made by either USPS or Courier. We are unable to deliver faster than stated. International deliveries will take 1-6 weeks. NOTE: We are unable to offer combined shipping for multiple items purchased. This is because our items are shipped from different locations. Returns If you wish to return an item, please consult our Returns Policy as below: Please contact Customer Services and request "Return Authorisation" before you send your item back to us. Unauthorised returns will not be accepted. Returns must be postmarked within 4 business days of authorisation and must be in resellable condition. Returns are shipped at the customer's risk. We cannot take responsibility for items which are lost or damaged in transit. For purchases where a shipping charge was paid, there will be no refund of the original shipping charge. Additional Questions If you have any questions please feel free to Contact Us. Categories Baby Books Electronics Fashion Games Health & Beauty Home, Garden & Pets Movies Music Sports & Outdoors Toys

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End Time: 2024-11-24T03:08:32.000Z

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