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The resilience of the Allais paradox

Ethics 109 (1):94-118 (1998)

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  1. Must rational intentions maximize utility?Ralph Wedgwood - 2017 - Philosophical Explorations 20 (sup2):73-92.
    Suppose that it is rational to choose or intend a course of action if and only if the course of action maximizes some sort of expectation of some sort of value. What sort of value should this definition appeal to? According to an influential neo-Humean view, the answer is “Utility”, where utility is defined as a measure of subjective preference. According to a rival neo-Aristotelian view, the answer is “Choiceworthiness”, where choiceworthiness is an irreducibly normative notion of a course of (...)
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  • “Tough-Minded” Theories in Ethics.Michael Weber - 2006 - Dialogue 45 (4):747-754.
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  • Is Equality Essentially Comparative?Michael Weber - 2007 - Ethical Theory and Moral Practice 10 (2):209-226.
    Larry Temkin has shown that Derek Parfit’s well-known Mere Addition Paradox suggests a powerful argument for the intransitivity of the relation “better than.” The crux of the argument is the view that equality is essentially comparative, according to which the same inequality can be evaluated differently depending on what it is being compared to. The comparative view of equality should be rejected, I argue, and hence so too this argument for intransitivity.
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  • For Want of a Nail.C. Vogler - 2008 - Christian Bioethics 14 (2):187-205.
    In “Modern Moral Philosophy,” Elizabeth Anscombe charged that Sidgwick's failure to distinguish intended from merely foreseen consequences of an action counted as a very bad degeneration of thought. Sidgwick's failure is endemic to contemporary normative models of decision and choice. There are three components to rational decision making on these models: what the agent wants the prospective actions or policies under consideration and what the agent expects will happen as a result of taking specific action or adopting specific policy measures. (...)
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  • Consequentialism and rational choice: Lessons from the Allais paradox.Bruno Verbeek - 2008 - Pacific Philosophical Quarterly 89 (1):86–116.
    This paper investigates the relation between consequentialism, as conceived of in moral theory, and standard expected utility theory. I argue that there is a close connection between the two. I show furthermore that consequentialism is not neutral with regard to the values of the agent. Consequentialism, as well as standard expected utility theory, is incompatible with the recognition of considerations that depend on what could have been the case, such as regret and disappointment. I conclude that consequentialism should be rejected (...)
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  • Instrumental Rationality Without Separability.Johanna Thoma - 2020 - Erkenntnis 85 (5):1219-1240.
    This paper argues that instrumental rationality is more permissive than expected utility theory. The most compelling instrumentalist argument in favour of separability, its core requirement, is that agents with non-separable preferences end up badly off by their own lights in some dynamic choice problems. I argue that once we focus on the question of whether agents’ attitudes to uncertain prospects help define their ends in their own right, or instead only assign instrumental value in virtue of the outcomes they may (...)
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  • Sunk costs, rationality, and acting for the sake of the past.Thomas Kelly - 2004 - Noûs 38 (1):60–85.
    If you are more likely to continue a course of action in virtue of having previously invested in that course of action, then you tend to honor sunk costs. It is widely thought both that (i) individuals often do give some weight to sunk costs in their decision-making and that (ii) it is irrational for them to do so. In this paper I attempt to cast doubt on the conventional wisdom about sunk costs, understood as the conjunction of these two (...)
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  • Regret and instability in causal decision theory.James M. Joyce - 2012 - Synthese 187 (1):123-145.
    Andy Egan has recently produced a set of alleged counterexamples to causal decision theory in which agents are forced to decide among causally unratifiable options, thereby making choices they know they will regret. I show that, far from being counterexamples, CDT gets Egan's cases exactly right. Egan thinks otherwise because he has misapplied CDT by requiring agents to make binding choices before they have processed all available information about the causal consequences of their acts. I elucidate CDT in a way (...)
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  • Non-Measurability, Imprecise Credences, and Imprecise Chances.Yoaav Isaacs, Alan Hájek & John Hawthorne - 2021 - Mind 131 (523):892-916.
    – We offer a new motivation for imprecise probabilities. We argue that there are propositions to which precise probability cannot be assigned, but to which imprecise probability can be assigned. In such cases the alternative to imprecise probability is not precise probability, but no probability at all. And an imprecise probability is substantially better than no probability at all. Our argument is based on the mathematical phenomenon of non-measurable sets. Non-measurable propositions cannot receive precise probabilities, but there is a natural (...)
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  • Hypothetical Retrospection.Sven Ove Hansson - 2007 - Ethical Theory and Moral Practice 10 (2):145-157.
    Moral theory has mostly focused on idealized situations in which the morally relevant properties of human actions can be known beforehand. Here, a framework is proposed that is intended to sharpen moral intuitions and improve moral argumentation in problems involving risk and uncertainty. Guidelines are proposed for a systematic search of suitable future viewpoints for hypothetical retrospection. In hypothetical retrospection, a decision is evaluated under the assumption that one of the branches of possible future developments has materialized. This evaluation is (...)
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  • Is the right prior to the good?Julian Fink - 2007 - South African Journal of Philosophy 26 (2):143-149.
    One popular line of argument put forward in support of the principle that the right is prior to the good is to show that teleological theories, which put the good prior to the right, lead to implausible normative results. There are situa- tions, it is argued, in which putting the good prior to the right entails that we ought to do things that cannot be right for us to do. Consequently, goodness cannot (always) explain an action's rightness. This indicates that (...)
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  • Rationality and Freedom.Elizabeth Anderson - 2005 - Philosophical Review 114 (2):253-271.
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  • Rationality and freedom.Elizabeth Anderson - 2005 - Philosophical Review 114 (2):253-271.
  • The role of trust in judgment.Christophe Sage Hudspeth - unknown
    In this dissertation I defend five claims about trust: 1) trusting and trustworthiness are conceptually but not causally connected; 2) trust is risky; 3) trust requires good will; 4) trust is a two-part relation; and 5) trust is an interpretative framework. A concern for trust often appears in discussions about testimony and the expectation of truthfulness; Bentley Glass, John Hardwig, and Jonathan Adler each address the role of trust in science while assuming a necessary connection between trusting and trustworthiness. I (...)
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  • Decision Theory.Johanna Thoma - 2019 - In Richard Pettigrew & Jonathan Weisberg (eds.), The Open Handbook of Formal Epistemology. PhilPapers Foundation. pp. 57-106.
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