ToKCast cover image

Ep 130: Steven Pinker’s ”Rationality” Ch 6 ”Risk and Reward” (Rational Choice & Expected Utility). Analysis.

ToKCast

00:00

Decision Making - How to Make a Decision

If your conception of justice conflicts with the demands of logical rationality, then it is unjust. There can be no inerrent way of producing perfectly rational decisions. What we have are competing explanations, if we're lucky, but typically we have no explanation. We need to create one. And once we do that, then we know what to do. We make that decision. This modelling idea,. this very abstract, divorced from actually what goes on with decision making pective on how people make decisions. As a process of choosing between various options and perhaps assigning weights to them, perhaps assigning probabilities to them, and then choosing which one is going to increase the utility... It simply isn't the way

Play episode from 09:51
Transcript

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app