Skip to content
Carmelics
TopicsThinkersChangesContributorsLoading account…

    Carmelics

    A reasoning platform. Break down any belief into clear reasons, explore both sides, and weigh the evidence honestly.

    Navigate

    • Topics
    • Search
    • Recent Changes
    • Contribute
    • How It Works
    • Glossary
    • Thinkers
    • Contributors
    • About
    • Statistics
    • Terms
    • Privacy

    Database

    Statements
    —
    Perspectives
    —
    Topics
    —

    Press ? for keyboard shortcuts

    LoyalLoyalJusticeJustice
    Made withinDC&Austin
    Statements
    321,452
    Perspectives
    108,905
    Topics
    42
    Interpreting behavior as expected-utility maximizing requ... — Carmelics
    Home/Skepticism
    HistoryEditSee Inverse

    Part of a larger discussion

    Challenges→Expected-utility maximization is not the best general model of human decision-making behavior

    Interpreting behavior as expected-utility maximizing requires undue case-specific restrictions to fit the data

    ConsequentialismSkepticism
    ?Rate how convincing each reason is below to see the overall strength.

    No one has weighed in yet. Be the first to share reasons for or against this statement.

    Sign in or register to share your perspective on this statement.

    Topics

    SkepticismConsequentialism

    Connections

    1 topic

    Truth & Knowledge3 linked

    Related

    Next step

    Based on where you are in your exploration

    Browse more in Skepticism
    Related propositions within the same area of thought.
    Alternative decision theories (cumulative prospect theory, alpha-nu utility theo...Empirical evidence identifies Prelec's (1998) specification as the statistically...Expected-utility maximization is not the best general model of human decision-ma...

    Similar

    The expected utility criterion does not necessarily follow from utilit...78%Criticism directed against expected utility maximization does not nece...78%Expected-utility maximization is not the best general model of human d...76%Whether utility-maximization implies instrumentalism depends upon whic...76%

    Source

    AI-extracted
    SEP: game-theory
    View source passageHide passage
    In other contexts, interpreting people’s behavior as generally expected-utility maximizing requires undue violence to the need for generality in theory construction. We get better prediction using fewer case-specific restrictions if we suppose that subjects are maximizing according to one or (typically) more of several alternatives (which will not be described here because they are not directly about game theory): cumulative prospect theory (Tversky and Kahneman 1992), or alpha-nu utility theo

    Details

    Type
    premise
    Perspectives
    0 (0 for, 0 against)
    Edits
    1 edit

    Open for perspectives

    This idea is waiting for its first supporting or challenging perspective.

    Share the first perspective