Description
Book SynopsisDecision Theory and Rationality offers a challenging new interpretation of a key theoretical tool in the human and social sciences. This accessible book argues, contrary to orthodoxy in politics, economics, and management science, that decision theory cannot provide a theory of rationality.
Trade ReviewReview from previous edition This fine book conducts a deep analysis and subtle evaluation of decision theory... Many valuable points about decision theory and rationality arise during this book's meticulous, probing examination of various accounts of utility, outcomes, and consistency among choices over time... Any student of decision theory, even one who disagrees with the book's conclusion about the theory's contribution to an understanding of rationality, will profit from the book's careful analysis of the theory. * Paul Weirich, Ethics *
Bermúdez makes an important contribution to an area that has already generated a great deal of debate. His description of the challenges to decision theory and the strategies for addressing them is thought provoking. If he succeeds in making psychologists and others more reluctant to use the word rationality, it will be no great loss. * Gordon Pitz, Contemporary Psychology *
This book does an admirable job of surveying and engaging the different possible responses to the challenges it addresses, so it is particularly worth reading to get a nuanced picture of the state of the field... the book gives us not only a thorough assessment of the various challenges facing decision theory, but also a clear way to frame discussion of the relationships among the different purposes decision theory might serve. * Lara Buchak, Notre Dame Philosophical Reviews *
Table of Contents1. Decision theory and the dimensions of rationality ; 2. The first challenge: Making sense of utility and preference ; 3. The second challenge: Individuating outcomes ; 4. The third challenge: Rationality over time ; 5. Rationality: Crossing the fault lines? ; Bibliography
