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Showing posts from November, 2011

No Irrational Fears

You have no irrational fears You know the difference between caution and fear. Caution is rational and prudent; fear is an emotion that may protect you from doing something foolish, but also may stop you from taking advantage of live changing opportunities. You know that almost all decisions are made under the conditions of imperfect information. Causal Decision Theory First published Sat Oct 25, 2008 from Stanford Encyclopedia of Philosophy “Causal decision theory adopts principles of rational choice that attend to an act's consequences. It maintains that an account of rational choice must use causality to identify the considerations that make a choice rational. “Given a set of options constituting a decision problem, decision theory recommends an option that maximizes utility, that is, an option whose utility equals or exceeds the utility of every other option. It evaluates an option's utility by calculating the option's expected utility. It uses probabilities and