Uncertain Values : An Axiomatic Approach to Axiological Uncertainty

Riedener, Stefan

ISBN 10: 3110739577 / ISBN 13: 9783110739572

Published by Walter de Gruyter, 2021

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Unread book in perfect condition. Seller Inventory # 43735034

Bibliographic Details

Title: Uncertain Values : An Axiomatic Approach to ...

Publisher: Walter de Gruyter

Publication Date: 2021

Binding: Hardcover

Condition: As New

About this title

Synopsis:

How ought you to evaluate your options if you're uncertain about what's fundamentally valuable? A prominent response is Expected Value Maximisation (EVM)―the view that under axiological uncertainty, an option is better than another if and only if it has the greater expected value across axiologies. But the expected value of an option depends on quantitative probability and value facts, and in particular on value comparisons across axiologies. We need to explain what it is for such facts to hold. Also, EVM is by no means self-evident. We need an argument to defend that it’s true. This book introduces an axiomatic approach to answer these worries. It provides an explication of what EVM means by use of representation theorems: intertheoretic comparisons can be understood in terms of facts about which options are better than which, and mutatis mutandis for intratheoretic comparisons and axiological probabilities. And it provides a systematic argument to the effect that EVM is true: the theory can be vindicated through simple axioms. The result is a formally cogent and philosophically compelling extension of standard decision theory, and original take on the problem of axiological or normative uncertainty.

About the Author:

Stefan Riedener, University of Zurich, Zurich, Switzerland.