Realistic Decision Theory

Realistic Decision Theory
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278
By:"Paul Weirich"
"Education"
Published on 2004-09-16 by Oxford University Press

1995. \u003cb\u003eIntroduction\u003c/b\u003e to Statistical \u003cb\u003eDecision Theory\u003c/b\u003e. Cambridge, Mass.: MIT Press. \u003cbr\u003e\nPriest, G. 2002. ''Rational Dilemmas.'' Analysis 62: 11–16. Rabinowicz, W. 1985. ''\u003cbr\u003e\nRatificationism without Ratification.'' \u003cb\u003eTheory\u003c/b\u003e and \u003cb\u003eDecision\u003c/b\u003e 19: 171–200. _____ .

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Within traditional decision theory, common decision principles -- e.g. the principle to maximize utility -- generally invoke idealization; they govern ideal agents in ideal circumstances. In Realistic Decision Theory, Paul Weirch adds practicality to decision theory by formulating principles applying to nonideal agents in nonideal circumstances, such as real people coping with complex decisions. Bridging the gap between normative demands and psychological resources, Realistic Decision Theory is essential reading for theorists seeking precise normative decision principles that acknowledge the limits and difficulties of human decision-making.

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