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Decision theory and the rationality of further deliberation

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  • Douven, Igor

Abstract

Bayesian decision theory operates under the fiction that in any decision-making situation the agent is simply given the options from which he is to choose. It thereby sets aside some characteristics of the decision-making situation that are pre-analytically of vital concern to the verdict on the agent's eventual decision. In this paper it is shown that and how these characteristics can be accommodated within a still recognizably Bayesian account of rational agency.

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  • Douven, Igor, 2002. "Decision theory and the rationality of further deliberation," Economics and Philosophy, Cambridge University Press, vol. 18(2), pages 303-328, October.
    • Handle: RePEc:cup:ecnphi:v:18:y:2002:i:02:p:303-328_00
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