Dutch Book Arguments
Book Details
Format
Paperback / softback
Book Series
Elements in Decision Theory and Philosophy
ISBN-10
1108713440
ISBN-13
9781108713443
Publisher
Cambridge University Press
Imprint
Cambridge University Press
Country of Manufacture
GB
Country of Publication
GB
Publication Date
Sep 17th, 2020
Print length
106 Pages
Weight
168 grams
Dimensions
15.20 x 23.00 x 0.40 cms
KSh 3,250.00
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In this Element, we present Dutch Book arguments for the principles of Probabilism, Conditionalization, and the Reflection Principle, among others, and we formulate and consider the most serious objections to them. We show that degrees of belief that don't satisfy the principles will always guide action in some way that is bad or undesirable.
Our beliefs come in degrees. I''m 70% confident it will rain tomorrow, and 0.001% sure my lottery ticket will win. What''s more, we think these degrees of belief should abide by certain principles if they are to be rational. For instance, you shouldn''t believe that a person''s taller than 6ft more strongly than you believe that they''re taller than 5ft, since the former entails the latter. In Dutch Book arguments, we try to establish the principles of rationality for degrees of belief by appealing to their role in guiding decisions. In particular, we show that degrees of belief that don''t satisfy the principles will always guide action in some way that is bad or undesirable. In this Element, we present Dutch Book arguments for the principles of Probabilism, Conditionalization, and the Reflection Principle, among others, and we formulate and consider the most serious objections to them.
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