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Dutch Book Arguments and Imprecise Probabilities

In Dennis Dieks, Stephan Hartmann, Michael Stoeltzner & Marcel Weber (eds.), Probabilities, Laws and Structures. Springer (2012)

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  1. Extracting Money from Causal Decision Theorists.Caspar Oesterheld & Vincent Conitzer - 2021 - Philosophical Quarterly 71 (4):pqaa086.
    Newcomb’s problem has spawned a debate about which variant of expected utility maximisation should guide rational choice. In this paper, we provide a new argument against what is probably the most popular variant: causal decision theory. In particular, we provide two scenarios in which CDT voluntarily loses money. In the first, an agent faces a single choice and following CDT’s recommendation yields a loss of money in expectation. The second scenario extends the first to a diachronic Dutch book against CDT.
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  • Imprecise Bayesianism and Inference to the Best Explanation.Namjoong Kim - 2023 - Foundations of Science 28 (2):755-781.
    According to van Fraassen, inference to the best explanation (IBE) is incompatible with Bayesianism. To argue to the contrary, many philosophers have suggested hybrid models of scientific reasoning with both explanationist and probabilistic elements. This paper offers another such model with two novel features. First, its Bayesian component is imprecise. Second, the domain of credence functions can be extended.
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  • Laplace's demon and the adventures of his apprentices.Roman Frigg, Seamus Bradley, Hailiang Du & Leonard A. Smith - 2014 - Philosophy of Science 81 (1):31-59.
    The sensitive dependence on initial conditions (SDIC) associated with nonlinear models imposes limitations on the models’ predictive power. We draw attention to an additional limitation than has been underappreciated, namely, structural model error (SME). A model has SME if the model dynamics differ from the dynamics in the target system. If a nonlinear model has only the slightest SME, then its ability to generate decision-relevant predictions is compromised. Given a perfect model, we can take the effects of SDIC into account (...)
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