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How valuable are chances?
Collège d’études mondiales, France.
London School of Economics and Political Science, UK.
2015 (English)In: Philosophy of science (East Lansing), ISSN 0031-8248, E-ISSN 1539-767X, Vol. 82, no 4, 602-625 p.Article in journal (Refereed) Published
Abstract [en]

Chance Neutrality is the thesis that, conditional on some proposition being true (or being false), its chance of being true should be a matter of practical indifference. The aim of this article is to examine whether Chance Neutrality is a requirement of rationality. We prove that given Chance Neutrality, the Principal Principle entails a thesis called Linearity; the centerpiece of von Neumann and Morgenstern’s expected utility theory. With this in mind, we argue that the Principal Principle is a requirement of practical rationality but that Linearity is not and, hence, that Chance Neutrality is not rationally required.

Place, publisher, year, edition, pages
2015. Vol. 82, no 4, 602-625 p.
National Category
Philosophy
Identifiers
URN: urn:nbn:se:su:diva-137946DOI: 10.1086/682915OAI: oai:DiVA.org:su-137946DiVA: diva2:1065252
Available from: 2017-01-14 Created: 2017-01-14 Last updated: 2017-08-18Bibliographically approved

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Stefánsson, H. Orri
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