Taking Chances by Jordan Howard Sobel, Hardcover | Indigo Chapters

The essays in this book develop and explore the Bayesian idea that rational actions maximize expected values, where an action's expected value is a weighted average of its agent's values for its possible total outcomes. The author establishes principles for distinguishing options in decision problems and pays much attention to games-both isolated and iterated. The book also views critically Gauthier's revisionist ideas about maximizing rationality. | Taking Chances by Jordan Howard Sobel, Hardcover | Indigo Chapters