Difference between revisions of "Decision theory"

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'''Decision theory''' is concerned with identifying principles and algorithms for making the correct decisions, that is decisions that allow to achieve the better outcomes according to stated goals. Decision theory is a more formal counterpart of [[instrumental rationality]].
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'''Decision theory''' is concerned with identifying principles and algorithms for making the correct decisions -- that is, decisions that allow an agent to achieve better outcomes according to its stated goals. Decision theory is a more formal counterpart of [[instrumental rationality]].
  
 
==Specific decision theories==
 
==Specific decision theories==

Revision as of 22:28, 28 August 2009

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Decision theory is concerned with identifying principles and algorithms for making the correct decisions -- that is, decisions that allow an agent to achieve better outcomes according to its stated goals. Decision theory is a more formal counterpart of instrumental rationality.

Specific decision theories

Thought experiments

The limitations and pathologies of decision theories can be analyzed by considering the decisions they suggest in the certain idealized situations that stretch the limits of decision theory's applicability. Some of the thought experiments more frequently discussed on LW include:

See also