Realistic Decision Theory: Rules for Nonideal Agents in Nonideal Circumstances

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Overview

Within traditional decision theory, common decision principles — e.g. the principle to maximize utility — generally invoke idealization; they govern ideal agents in ideal circumstances. In Realistic Decision Theory, Paul Weirch adds practicality to decision theory by formulating principles applying to nonideal agents in nonideal circumstances, such as real people coping with complex decisions. Bridging the gap between normative demands and psychological resources, Realistic Decision Theory is essential reading for theorists seeking precise normative decision principles that acknowledge the limits and difficulties of human decision-making.

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Editorial Reviews

From the Publisher
"The book is admirably clear and full of stimulating suggestions. Anyone interested in the subject should read it...Weirich makes some extremely helpful points about the description of the nonideal situation..."— Notre Dame Philosophical Reviews
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Product Details

  • ISBN-13: 9780195171259
  • Publisher: Oxford University Press
  • Publication date: 9/16/2004
  • Pages: 278
  • Product dimensions: 9.40 (w) x 6.30 (h) x 0.90 (d)

Meet the Author

University of Missouri-Columbia
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Table of Contents

1 Realistic standards for decisions 3
2 Optimizing and its offspring 15
3 Idealizations 31
4 Realism about agents : resources 58
5 Realism about agents : cognitive limitations 86
6 Realism about agents : mistakes 103
7 Acceptability's consequences 124
8 Realism about situations 142
9 Applications to game theory 165
10 Ideal to real 190
App. A Optimization and utility maximization 193
App. B Consistency of calculations of utilities 213
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