Risk and Rationality
Author | : Lara Buchak |
Publisher | : |
Total Pages | : 273 |
Release | : 2013-11 |
ISBN-10 | : 9780199672165 |
ISBN-13 | : 0199672164 |
Rating | : 4/5 (164 Downloads) |
Download or read book Risk and Rationality written by Lara Buchak and published by . This book was released on 2013-11 with total page 273 pages. Available in PDF, EPUB and Kindle. Book excerpt: Lara Buchak sets out a new account of rational decision-making in the face of risk. She argues that the orthodox view (expected utility theory) is too narrow, and suggests an alternative, more permissive theory: one that allows individuals to pay attention to the worst-case or best-case scenario, and vindicates the ordinary decision-maker.