Posts tagged risk
- Added by: Jie Gao, Contributed by:
Publisher’s Note: Lara Buchak sets out a new account of rational decision-making in the face of risk. She argues that the orthodox view is too narrow, and suggests an alternative, more permissive theory: one that allows individuals to pay attention to the worst-case or best-case scenario, and vindicates the ordinary decision-maker.
Comment: This book argues for an alternative account of ideal rationality as opposed to the orthodox view in terms of expected utility theory. Buchak manages to explain the technical details of her theory in such a non-technical way that any student of philosophy will be able to follow her discussion. The book moreover contains very interesting passages on what we might call “the philosophy of decision theory”, such as metaphysical and epistemological issues concerning utilities and probabilities. This makes it a good teaching material for courses on decision theory and philosophy of action.Export citation in BibTeX formatExport text citationView this text on PhilPapersExport citation in Reference Manager formatExport citation in EndNote formatExport citation in Zotero format
- Added by: Nick Novelli, Contributed by:
Abstract: Although epistemic values have become widely accepted as part of scientific reasoning, non-epistemic values have been largely relegated to the “external” parts of science (the selection of hypotheses, restrictions on methodologies, and the use of scientific technologies). I argue that because of inductive risk, or the risk of error, non-epistemic values are required in science wherever non-epistemic consequences of error should be considered. I use examples from dioxin studies to illustrate how non-epistemic consequences of error can and should be considered in the internal stages of science: choice of methodology, characterization of data, and interpretation of results.
Comment: A good challenge to the “value-free” status of science, interrogating some of the assumptions about scientific methodology. Uses real-world examples effectively. Suitable for undergraduate teaching.Export citation in BibTeX formatExport text citationView this text on PhilPapersExport citation in Reference Manager formatExport citation in EndNote formatExport citation in Zotero format