Risk and rationality
By: Lara Buchak
Publisher: Oxford University Press
Published: 2013
Language: eng
Number of pages: 260
ISBN-13: 9780199672165
Subjects: Risk; Decision making; Practical reason
Description: Lara Buchak sets out a new account of rational decision-making in the face of risk. She argues that the orthodox view (expected utility theory) 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.
Notes: Includes bibliographical references (pages 250-256) and index.