The geometry of legal principles |
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| Authors: | Rolando Chuaqui Jerome Malitz |
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| Institution: | (1) Facultad de Matemáticas, Pontificia Universidad Católica de Chile, Santiago, Chile;(2) Department of Mathematics, University of Colorado, 80309 Boulder, Co, USA |
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| Abstract: | We discuss several possible legal principles from the standpoint of Bayesian decision theory. In particular, we show that a compelling legal principle implies compatibility with decisions based on maximizing the expected utility. |
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| Keywords: | Utility probability law decision theory rational decision penalty actions |
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