José L. Bermúdez: Utility and understandings

Can decision theory serve as a theory of rationality? It all depends, of course, on how we understand rationality and how we understand decision theory. The notion of rationality standardly features in several different projects ­ the project of guiding action; the project of normatively assessing how decision problems are configured and resolved; and the project of explaining and predicting behavior. This lecture explores how these different projects place conflicting contraints on two key features of decision theory: how utility is understood and how outcomes are individuated.

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