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This paper examines Becker's thesis that the hypothesis that choices maximise expected utility relative to fixed and universal tastes provides a general framework for the explanation of behaviour. Three different models of preference revision are presented and their scope evaluated. The first,...
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This paper characterizes different belief revision rules in a unified framework: Bayesian revision upon learning some event, Jeffrey revision upon learning new probabilities of some events, Adams revision upon learning some new conditional probabilities, and `dual-Jeffrey' revision upon learning...
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L'article examine les relations qu'entretiennent les conditions suivantes, formulées dans la théorie axiomatique de la décision de Jeffrey-Bolker. (1) La condition utilitariste voulant que l'utilité espérée de la société se représente comme une somme pondérée des utilités espérées...
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Decision making typically requires judgements about causal relations. We need to know both the causal effects of our actions and the causal relevance of various environmental factors. Judgements about the nature and strength of causal relations often differ, even among experts. How to handle...
Persistent link: https://www.econbiz.de/10005670197
Reports of the Intergovernmental Panel on Climate Change (IPCC) employ an evolving framework of calibrated language for assessing and communicating degrees of certainty in findings. A persistent challenge for this framework has been ambiguity in the relationship between multiple...
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