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The book addresses the challenge of evaluating options amid uncertainty regarding fundamental values, focusing on Expected Value Maximisation (EVM). It argues that EVM, which posits that options are better based on their expected value across different values, requires a robust defense and clarification of its principles. Through an axiomatic approach and representation theorems, it elucidates intertheoretic and intratheoretic comparisons, ultimately providing a systematic argument that validates EVM, thereby extending traditional decision theory and tackling normative uncertainty.
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Uncertain Values, Stefan Riedener
- Language
- Released
- 2021
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- (Hardcover)
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- Title
- Uncertain Values
- Subtitle
- An Axiomatic Approach to Axiological Uncertainty
- Language
- English
- Authors
- Stefan Riedener
- Publisher
- De Gruyter
- Released
- 2021
- Format
- Hardcover
- Pages
- 156
- ISBN13
- 9783110739572
- Series
- Rating
- 5 out of 5
- Description
- The book addresses the challenge of evaluating options amid uncertainty regarding fundamental values, focusing on Expected Value Maximisation (EVM). It argues that EVM, which posits that options are better based on their expected value across different values, requires a robust defense and clarification of its principles. Through an axiomatic approach and representation theorems, it elucidates intertheoretic and intratheoretic comparisons, ultimately providing a systematic argument that validates EVM, thereby extending traditional decision theory and tackling normative uncertainty.