Precis of Risk and Rationality

Lara Buchak

doi:10.1007/s11098-017-0904-7

Precis of Risk and Rationality

Lara Buchak

Research output: Contribution to journal › Article › peer-review

4 Scopus citations

Abstract

My book Risk and Rationality argues for a new alternative to the orthodox theory of rational decision-making. This alternative, risk-weighted expected utility maximization, holds that there are three important components involved in rational decision-making: utilities, probabilities, and risk-attitudes. This essay explains the basic outline of the theory and precisely how it differs from the orthodox theory. It also summarizes the main threads of argument in the book.

Original language	English (US)
Pages (from-to)	2363-2368
Number of pages	6
Journal	Philosophical Studies
Volume	174
Issue number	9
DOIs	https://doi.org/10.1007/s11098-017-0904-7
State	Published - Sep 1 2017
Externally published	Yes

All Science Journal Classification (ASJC) codes

Philosophy

Keywords

Decision theory
Expected utility
Instrumental rationality
Rank dependence
Risk
Risk-weighted expected utility

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10.1007/s11098-017-0904-7

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KW - Rank dependence

KW - Risk

KW - Risk-weighted expected utility

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Precis of Risk and Rationality

Abstract

All Science Journal Classification (ASJC) codes

Keywords

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