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 utilities of an option's possible outcomes to define an option's expected utility. The probabilities depend on the option. Causal decision theory takes the dependence to be causal rather than merely evidential.”
Now under most circumstances, few people think this way, but you have an innate gift for the truth that lies somewhere between mathematical rationality and intuition. You draw upon years of experience and wisdom to know when to take a chance. You are not afraid to make the right choice at the right time.
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 utilities of an option's possible outcomes to define an option's expected utility. The probabilities depend on the option. Causal decision theory takes the dependence to be causal rather than merely evidential.”
Now under most circumstances, few people think this way, but you have an innate gift for the truth that lies somewhere between mathematical rationality and intuition. You draw upon years of experience and wisdom to know when to take a chance. You are not afraid to make the right choice at the right time.
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