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Biting the Bayesian bullet: Zeckhauser's problem |
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| Authors: | Richard Jeffrey |
| Institution: | (1) Department of Philosophy, Princeton University, 08544 Princeton, NJ, USA |
| Abstract: | A troubling challenge to the basic principles of Bayesian decision theory is analyzed as a case where irrationality is no intellectual flaw but a characterological one, i.e., not stupidity but funk. |
| Keywords: | Bayesian decision theory sure thing principle independence axiom rationality irrationality |
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