Hostname: page-component-586b7cd67f-tf8b9 Total loading time: 0 Render date: 2024-11-30T17:16:38.034Z Has data issue: false hasContentIssue false
  • English
  • Français

INTERVAL VALUES AND RATIONAL CHOICE

Published online by Cambridge University Press:  25 June 2018

Martin Peterson
Martin Peterson*
Affiliation:
Department of Philosophy, Texas A&M University, College Station, TX 77840, USA. Email: [email protected]. URL: www.martinpeterson.org
Get access Rights & Permissions [Opens in a new window]

Abstract:

Decision theorists have suggested that it is sometimes appropriate to represent the value of certain options as intervals of real numbers. In this note I show that doing so is incompatible with some deeply held intuitions about rational choice.

Keywords

Pasadena problemOscillating gambleInterval value
Type
Reply
Information
Economics & Philosophy , Volume 35 , Issue 1 , March 2019 , pp. 159 - 166
Copyright
Copyright © Cambridge University Press 2018 

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

References

REFERENCES

Chang, R. 2002. The possibility of parity. Ethics 112: 659–688.Google Scholar
Chang, R. 2005. Parity, interval value, and choice. Ethics 115: 331–350.Google Scholar
Easwaran, K. 2008. Strong and weak expectations. Mind 117: 633–641.Google Scholar
Fishburn, P. C. 1985. Interval Orders and Interval Graphs: A Study of Partially Ordered Sets. Wiley-Interscience Series in Discrete Mathematics. New York, NY: John Wiley & Sons.Google Scholar
Gert, J. 2004. Value and parity. Ethics 114: 492–510.Google Scholar
Hájek, A. and Nover, H.. 2008. Complex expectations. Mind 117: 643–664.Google Scholar
Lauwers, L. and Vallentyne, P.. 2016. Decision theory without finite standard expected value. Economics and Philosophy 32: 383–407.Google Scholar
Nover, H. and Hájek, A.. 2004. Vexing expectations. Mind 113: 237–249.Google Scholar
Parfit, D. 1984. Reasons and Persons. Oxford: Oxford University Press.Google Scholar
Peterson, M. 2007. Parity, clumpiness and rational choice. Utilitas 19: 505–513.Google Scholar
Peterson, M. 2013a. A generalization of the Pasadena puzzle. Dialectica 67: 597–603.Google Scholar
Peterson, M. 2013b. The Dimensions of Consequentialism. Cambridge: Cambridge University Press.Google Scholar
Savage, L.J. 1954. The Foundations of Statistics. New York, NY: John Wiley & Sons. (2nd edition 1972.)Google Scholar
Sen, A. K. 1969. Quasi-transitivity, rational choice and collective decisions. Review of Economic Studies 36: 381–393.Google Scholar
Sen, A. K. 1970. Collective Choice and Social Welfare (1st edn). San Francisco, CA: Holden-Day.Google Scholar
Sen, A. 1993. Internal consistency of choice. Econometrica 61: 495–521.Google Scholar
Weirich, P. 1998. Equilibrium and Rationality: Game Theory Revised by Decision Rules. Cambridge: Cambridge University Press.Google Scholar