An Introduction to Decision Theory

An Introduction to Decision Theory 3.5ishI started reading this book because it was featured at MIRI s research guide and decision theory had always seemed as something I would like The book is mostly not about decision theory though, but rather about the philosophical aspects surrounding decision theory.Overall I expected a bit focus on practical questions and not so much on the philosophical part If you know nothing about decision theory you might like it though since it presents you with a lot of famous paradoxes that are pretty interestingThe book s structure is roughly as follows The first four chapters deal with the basics of decision theory ignorance vs risk, minimax, dominance and maximization of expected utility and are recommended the last one also exposes some classical paradoxes Chapter 5 and chapter 8 are about the philosophical questions and the methodological assumptions about preferences and utility and I found them quite dull they might be your thing if you are interested in that kind of philosopy though Chapter 7 surveys the philosophical aspects of probability a topic that I do find interesting but didn t expect to find in this book and does so quite well Chapter 9 is about causal vs evidential decision theory Newcomb s paradox and the like I had always deemed Newcomb s paradox as an useless theoretical curiosity but the examples were quite convincing and I must admit this book has changed my mnd about it The last chapters explore fields related to normative decision theory subjective Bayesianism, game theory, social choice theory and descriptive decision theory They do not go into a lot of depth but they are good enough. This book is an excellent introduction to decision theory, in my opinion not that I have compared it to others It has a good number of exercises and goes into a good amount of detail Before reading it, I had picked up a fair amount decision theory by osmosis After reading it, I feel like I have a solid understanding the basic framework of decision theory and the basic theoretical questions in the field For example, not long after reading the book I attended a conference on decision theory and or less understood what was going on Reading the book also allowed me to work on a paper about risk aversion So I think that this is a sign of the book being successful in its aims. This Introduction To Decision Theory Offers Comprehensive And Accessible Discussions Of Decision Making Under Ignorance And Risk, The Foundations Of Utility Theory, The Debate Over Subjective And Objective Probability, Bayesianism, Causal Decision Theory, Game Theory, And Social Choice Theory No Mathematical Skills Are Assumed, And All Concepts And Results Are Explained In Non Technical And Intuitive As Well As Formal Ways There Are Over Exercises With Solutions, And A Glossary Of Key Terms And Concepts An Emphasis On Foundational Aspects Of Normative Decision Theory Rather Than Descriptive Decision Theory Makes The Book Particularly Useful For Philosophy Students, But It Will Appeal To Readers In A Range Of Disciplines Including Economics, Psychology, Political Science And Computer Science

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❮Reading❯ ➺ An Introduction to Decision Theory  Author Martin Peterson –
  • Hardcover
  • 617 pages
  • An Introduction to Decision Theory
  • Martin Peterson
  • English
  • 15 September 2018
  • 9780521888370

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