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Abstract: We address the question, in decision theory, of how the value of risky options (gambles) should be assessed when they have no finite standard expected value, that is, where the sum of the probability-weighted payoffs is infinite or not well defined. We endorse, combine and extend (1)...
Abstract: This paper explores the contrast between mentalistic and behaviouristic interpretations of decision theory. The former regards credences and utilities as psychologically real, while the latter regards them as mere representations of an agent's preferences. Philosophers typically adopt...
Abstract: Should people who perform equal work receive equal pay? Most would say ‘yes’, at least insofar as this question is understood to be asking whether employers should be permitted to discriminate against employees on the basis of race or sex. But suppose the employees belong to all of the...
Abstract: Proponents of behavioural policies seek to justify them as ‘evidence-based’. Yet they typically fail to show through which mechanisms these policies operate. This paper shows – at the hand of examples from economics and psychology – that without sufficient mechanistic evidence, one...
Abstract: According to some accounts of exploitation, most notably Ruth Sample’s (2003) degradation-based account and Robert Goodin’s (1987) vulnerability-based account, exploitation occurs when an advantaged party fails to constrain their advantage in light of another’s disadvantage, regardless...
Abstract The Pareto principle states that if the members of society express the same preference judgement between two options, this judgement is compelling for society. A building block of normative economics and social choice theory, and often borrowed by contemporary political philosophy, the...
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