An Introduction to Decision Theory

Martin Peterson (Texas A & M University)

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English

Cambridge University Press
30 March 2017

Decision theory: general; Philosophy; Economics; Philosophy of science

Series: Cambridge Introductions to Philosophy

Now revised and updated, this introduction to decision theory is both accessible and comprehensive, covering topics including decision making under ignorance and risk, the foundations of utility theory, the debate over subjective and objective probability, Bayesianism, causal decision theory, game theory, and social choice theory. No mathematical skills are assumed, with all concepts and results explained in non-technical and intuitive as well as more formal ways. There are now over 140 exercises with solutions, along with a glossary of key terms and concepts. This second edition includes a new chapter on risk aversion as well as updated discussions of numerous central ideas, including Newcomb's problem, prisoner's dilemmas, and Arrow's impossibility theorem. The book will appeal particularly to philosophy students but also to readers in a range of disciplines, from computer science and psychology to economics and political science.

By: Martin Peterson (Texas A & M University)
Imprint: Cambridge University Press
Country of Publication: United Kingdom
Edition: 2nd Revised edition
Dimensions: Height: 249mm, Width: 174mm, Spine: 20mm
Weight: 620g
ISBN: 9781316606209
ISBN 10: 1316606201
Series: Cambridge Introductions to Philosophy
Pages: 348
Publication Date: 30 March 2017
Audience: Professional and scholarly , College/higher education , Undergraduate , Primary
Format: Paperback
Publisher's Status: Active

Preface; 1. Introduction; 2. The decision matrix; 3. Decisions under ignorance; 4. Decisions under risk; 5. Utility; 6. The mathematics of probability; 7. The philosophy of probability; 8. Bayesianism and pragmatic arguments; 9. Causal vs evidential decision theory; 10. Risk aversion; 11. Game theory I: basic concepts and zero-sum games; 12. Game theory II: nonzero-sum and cooperative games; 13. Social choice theory; 14. Overview of descriptive decision theory; Appendix A. Glossary; Further reading; Index.

Martin Peterson holds the Sue and Harry Bovay Chair in the Department of Philosophy, Texas A&M University. He is the author of several books on decision theory, ethics, and risk, including Non-Bayesian Decision Theory (2008), The Dimensions of Consequentialism (Cambridge, 2013), and The Ethics of Technology (forthcoming).